Offering a practical combination of space, storage and established rental income, 44 Prossers Forest Road, Ravenswood is an appealing opportunity for investors looking to add to their portfolio in the Launceston area.

Set on a 613sqm allotment, this three-bedroom home features one bathroom, a double garage and approximately 102sqm of internal living space. Built-in robes, heating and a separate shed add everyday functionality, while the generous block provides room to enjoy the outdoors.

The property is currently returning $860 per fortnight, equivalent to $22,360 per annum. The long-term tenant has indicated they are interested in renewing their lease at the end of the current lease period, offering potential continuity for the next owner, subject to confirmation of the tenancy arrangements.

Property highlights:

Three bedrooms and one bathroom
Double garage and separate shed
Built-in robes and heating
613sqm landholding
Approximately 102sqm of living space
General Residential zoning
No identified flood or heritage overlays; bushfire zoning applies
Current rental income of $22,360 per annum
Long-term tenant interested in renewing at end of current lease period
Council rates at approximately $1,500 per annum, with average fixed water quarterly bills of around $300

*Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.
** Peter Lees Real Estate complies with all applicable requirements under the AML/CTF legislation.
***Boundary lines are indicative only.