Humble waterfront home with $1m+ hopes

Balook St buying: “It’s a rare opportunity.”

Petrusma Property senior representative Kahn Duffey said the chance to buy by the beach in Lauderdale’s Balook St is a special one that doesn’t come along often.

And he’s spot on.

Only one home on the waterside of this enviable location has been sold this year. And about a dozen homes in the last five years.

No.114 Balook St, Lauderdale is a neat and tidy 1950s home with three bedrooms and a single bathroom, set on a 668sq m beachside lot.

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Mr Duffey said the property has attracted a good amount of interest since it launched.

“That has come from a range of different buyers, including owner-occupiers, investors, and developers,” he said.

“Many are actually a hybrid of all three.”

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The home is currently rented for $630 per week.

“People are drawn to the attractive rental income in the short term, with a long-term vision of developing their dream home on the site,” Mr Duffey said.

“Beachfront properties on Balook St are in very short supply and don’t come up often.

“In my opinion, it is arguably one of Hobart’s most desirable beachfront locations.”

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The property has a functional kitchen with plenty of storage, large windows, abundant natural light and warmth, Tasmanian oak floors and generously sized bedrooms.

In winter, comfort is ensured via a heat pump, wood heater and electric panel heaters.

A rear covered deck provides the best location for relaxation.

There is beach access from the property’s backyard.

No.114 Balook St, Lauderdale is priced at “Offers over $1.15m”.

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