20 Wattle Avenue

Lutana TAS 7009

Positioned in the popular suburb of Lutana, just minutes from Hobart CBD and only a short four-minute drive to Moonah's established shopping precinct, this versatile property offers strong appeal for both owner-occupiers and investors. Set on approximately 769sqm, the property captures elevated views toward Mount Wellington and presents future development potential, including the possibility of a second dwelling (STCA). With a self-contained flat already in place, it provides immediate flexibility for dual occupancy, rental income or extended family use. The main weatherboard home, originally built circa 1942, has been updated to meet modern expectations while maintaining its practical layout. Inside, you'll find a light-filled open plan living, dining and kitchen area, complemented by three bedrooms, including a main with large built-in robe. A well-appointed central bathroom services the home, while year-round comfort is ensured with a reverse-cycle air conditioner and wood heater. The elevated rear deck extends the living space, taking in clear views of Mount Wellington, ideal for everyday use or entertaining and connecting directly to private, established garden. Additional features enhance the property's value and functionality, including updated wiring, insulated ceilings and largely renewed plumbing. The self-contained council approved flat privately situated (with its own separate power meter), is fully equipped with its own adjoining kitchenette, bathroom and laundry, offering a separate living option that suits rental accommodation, a teenager's retreat or multi-generational living with an expected rental return of approximately $325 per week.Both the main residence and flat benefit from fresh paint, new floor coverings and window furnishings. There is also plenty of space for easy parking with a double carport and additional driveway space. Furthermore, the west-facing aspect, captures strong afternoon sun and outlooks across Moonah and toward the mountain, further strengthening its rental appeal and liveability.Located within close proximity to local schools, public transport and key amenities, the property is well-positioned for convenience and long-term growth. Lutana continues to attract attention for its accessibility to Hobart CBD and neighbouring hubs like Moonah, making it a smart choice for buyers seeking value and connectivity. Whether you're looking to secure a family home with additional income potential or expand your investment portfolio in a high-demand suburb, this property delivers on flexibility, location and future upside. Year Built: Circa 1942 Construction: Weatherboard Tas Water rates: For both house and flat $451.94 per quarter Glenorchy City Council Rates: $2,365.21 p/a for house and flat Expected rental return (main house): $595 per week approx. Expected rental return (self-contained flat): $325 per week approx.