5 Olive Grove

Lenah Valley TAS 7008

Combining a strong rental return with substantial land, privacy and outstanding family appeal, this spacious two-storey home presents an exciting opportunity for investors and families alike. Built in 2009 and set on a generous 1,264sqm block in a peaceful no-through road, the property offers the increasingly valuable combination of space, privacy and proximity to Hobart. Currently leased until May 2027 at $800 per week, the property provides an immediate income stream and the security of a of a happy tenant, while offering future flexibility for an owner-occupier or astute investor. Inside, the home provides four bedrooms and two bathrooms, with a practical layout ideally suited to modern family living. The spacious kitchen is a standout, featuring generous bench space and quality stone benchtops, making it both functional for everyday family life and well suited to entertaining. The master bedroom features a walk-in robe and ensuite, with its own access to the deck adding a sense of privacy and connection to the outdoors. The open-plan kitchen, dining and living area forms the heart of the home, with sliding doors opening onto the deck and creating an easy connection between indoor and outdoor living. The two-storey design is particularly appealing for families with teenagers, offering valuable separation and space as children grow and become more independent. For investors, the property's combination of land, location, accommodation and existing rental income makes it an attractive proposition. For families, it offers something harder to quantify - room to grow, room for teenagers to spread out and plenty of privacy without sacrificing convenience. The 1,264sqm grounds are a genuine point of difference. Much of the rear yard remains a blank canvas, providing scope to create terraced gardens, establish fruit trees, develop entertaining areas or simply enjoy the space and privacy. There is plenty of opportunity to add value over time and create an outdoor environment tailored to your family's lifestyle. The outlook is equally impressive, with the Organ Pipes of kunanyi / Mount Wellington rising dramatically nearby. Surrounded by borrowed landscape, rolling hills and farmland, the setting provides a wonderful sense of space and tranquillity - remarkably private and peaceful, yet only minutes from the cafs, shops and services of Lenah Valley and close to Calvary Hospital. Comfort and energy efficiency are supported by reverse-cycle air conditioning, electric panel heaters and solar panels, while NBN connectivity and two