168 Steele Street, Devonport, TAS 7310 | House for sale | OnTheHouse
 
FOR SALE
Best Offers Over $799,000

168 Steele Street
Devonport TAS 7310

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 961m2
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HIGH-YIELD INVESTMENT OR FLEXIBLE DUAL-LIVING OPPORTUNITY

168 Steele Street presents an exceptional opportunity for both investors and families, offering multiple income streams, flexible living arrangements, and a central Devonport location.
For investors, the property is configured to maximise returns with three distinct rental options. A self-contained studio with private entry, open plan living, one bedroom, one bathroom, and off-street parking is currently leased at $280 per week, with a confirmed increase to $350 per week from 14/7/26. The 11m x 6m external shed also has a lease in place and is achieving $99 per week.
The main residence is tenanted with an agreement in place until November this year and is achieving $525 per week. Designed for comfortable living, it features three bedrooms, a study, a modern kitchen, an updated bathroom, and sun-drenched living spaces that embrace the north-facing aspect and capture beautiful water views. Combined, the property offers the potential to generate a return of over 6.3%, representing a strong yield and secure income-producing asset.
Beyond its investment credentials, the property also caters beautifully to lifestyle buyers. Families with older children or those seeking multi-generational living will appreciate the independence of the separate studio and flat, while still enjoying the connection of a shared home. The internal staircase links to a versatile lower-level rumpus or home office, alongside the main laundry and single garage, adding further flexibility.
Practical features such as an 11 x 6 metre shed with an extra-height roller door, a secure yard, and extensive off-street parking further enhance the property's appeal. This substantial brick home offers immediate rental income, long-term growth prospects, and a layout that suits both investors and families looking for adaptable living.
With multiple income streams, modern updates, and a prime location, 168 Steele Street is the ideal choice for investors or families seeking flexibility and long-term growth.
**McGrath Devonport believes the information contained is accurate; however, interested parties should rely upon their own enquiries. Plans are indicative only.

Property Details for 168 Steele St, Devonport

168 Steele St, Devonport is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 961m2. The place is currently for sale with MCGRATH DEVONPORT.

Building Type
House
Land Size
961m2
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About Devonport 7310

The size of Devonport is approximately 10.2 square kilometres. There are 15 parks, covering nearly 13.3% of the total area. The population of Devonport in 2016 was 13759 people. By 2021 the population was 14481 showing a population growth of 5.2% in the area during that time. The predominant age group in Devonport is 50-59 years. Households in Devonport are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Devonport work in a community and personal service occupation.In 2021, 61.00% of the homes in Devonport were owner-occupied compared with 59.40% in 2016.

Devonport has 7,672 properties. Over the last 5 years, Houses in Devonport have seen a 58.60% increase in median value, while Units have seen a 53.38% increase. As at 31 May 2026:

  • The median value for Houses in Devonport is $588,525 while the median value for Units is $441,338.
  • Houses have a median rent of $520 while Units have a median rent of $420.
There are currently 46 properties listed for sale, and 10 properties listed for rent in Devonport on OnTheHouse. According to Cotality's data, 364 properties were sold in the past 12 months in Devonport.

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