36 Elwick Road, Glenorchy

Two Homes, Endless Options – Multi-Family Living, Dual Investment, or First-Home Buyers

Homes like these rarely come to market together.

Welcome to 36A & 36B Elwick Road, Glenorchy - two beautifully updated, high-performing homes ready for separate titles, available to purchase either individually or together.

Perfect for multi-generational families, first-home buyers, investors, or large family groups, these properties offer incredible flexibility in one of Glenorchy's most convenient locations.

Situated minutes from Northgate, Glenorchy cafés, healthcare services, transport and schools - and only 10 minutes to Hobart CBD - this is a blue-chip location with high rental demand.

🏡 Perfect For:

✔ Multi-Family Buyers

Parents + adult children

Siblings living side-by-side

Families supporting ageing parents

Two households wanting independence + connection

✔ First-Home Buyers

Secure a stylish, renovated home (36A) - or purchase both and live in one while the other pays your mortgage.

✔ Investors (High Yield)

Collect a combined $1,670 per week current rental return:

36A: $585/week

36B: $1,085/week (3 individual leases)

Both dwellings offer strong yield, low vacancies and excellent tenant appeal.

✔ SMSF, dual-income investors, or passive-income buyers

Recent construction, low maintenance, and high occupancy = ideal pain-free investment.

🏠 PROPERTY 1: 36B Elwick Road

High-Yield Sharehouse | 3 Rooms with Independent Ensuites

Offers Over $625,000

Rental Income: $1,085/week (3 individual tenancies)

A recently built, high-quality income earner featuring:

3 king-sized bedrooms

Each with: private ensuite, built-in robe, kitchenette & independent access

Spacious shared living area

Central kitchen, additional bathroom & laundry

4 reverse-cycle heat pumps

Double glazing, full insulation (6-star rating)

Flat, low-maintenance lot

Builder's warranty remaining

Why it's a top investment:

High occupancy

Extremely strong returns

Perfect for student housing, professionals, FIFO, care workers

On bus route

10 mins to CBD

Near major shops & services

🏠 PROPERTY 2: 36A Elwick Road

Spacious, Fully Renovated Family Home | Available Vacant

Guide: $525,000–$565,000

Rental Appraisal: $580–$620/week

Current Tenancy: $585/week

Recently renovated with:

Rendered polystyrene exterior

Double glazing

6-star energy rating

New kitchen, bathroom, flooring

Light-filled, modern layout

3 bedrooms, 2 bathrooms

Stylish open-plan living

Large fenced outdoor area

Off-street parking

Move-in-ready

Available with vacant possession

Ideal For:

First-home buyers

Busy families

Downsizers

Investors wanting low-maintenance, modern rental stock

🧩 BUY ONE OR BUY BOTH - FLEXIBLE LIVING OPTIONS

Multi-Family Living (Best of Both)

36A becomes the main family home

36B becomes:

A completely private home for parents

A home for adult children

A home for extended family members

A rental income booster

Live close - but with total privacy.

Live in One, Rent the Other

Perfect for first-home buyers or young families:

Move into the stylish, fully renovated 36A

Use the high-yield 36B to pay down your mortgage

This strategy can offset repayments by up to 60–70%.

Dual Investment Package (Investor Gold)

Combined current rent: $1,670 per week

Strong yield

Low maintenance

Separate titles

High tenant demand

Future-proof location

A perfect "set-and-forget" investment.

🚇 LOCATION - Strong Rentals & Lifestyle Convenience

Minutes to Northgate Shopping Centre

Major café strip

Woolworths & Coles

Healthcare centres

Bus route out front

10 mins to Hobart CBD

Gyms, schools, childcare nearby

Glenorchy is one of Hobart's highest-demand rental corridors, ensuring consistent occupancy for years to come.