15 Cressy Street

New Town TAS 7008

Currently tenanted until April 2026 and set on a substantial 785m (approx.) block, 15 Cressy Street, New Town offers a rare and exciting opportunity for investors, developers, or savvy buyers seeking both immediate rental potential and long-term capital growth. This is a property that combines liveability with enormous scope, perfect for those looking to maximise their portfolio in a blue-chip Hobart suburb. The existing home is a solid, two-bedroom residence featuring a functional layout, single carport off-street parking, and generous outdoor space. Neat and well-maintained, provides stress free management and maintenance of the property.The real highlight, however, is the size and versatility of the block. With such a large parcel of land in a residential setting, there's plenty of space to extend the current home, add a granny flat or second dwelling, or consider a full multi-residential development (STCA). The wide frontage and level land make planning and access straightforward, offering multiple pathways to add value and boost return on investment. Located in the heart of New Town, the property enjoys easy access to local schools, shopping centres, public transport, and parklands, all while being just minutes from Hobart's CBD. This strong lifestyle appeal translates directly into consistent rental demand and long-term growth potential. Whether you're looking to renovate, extend for dual income, or undertake a larger development project (STCA), this is a property that offers the flexibility and location to deliver strong results. - Council Rates $575 per quarter (approx.) - Water Rates $360 per quarter (approx.) - Weekly Rental Amount $465 per week - Lease End Date 03/04/2026 - Zoning - Inner Residential