Unit 1-4/272 Back River Road, New Norfolk TAS

Description

The projected post-construction value is $2 million, delivering a $600,000 uplift for the investor. Additionally, the builder can arrange individual strata titles for each villa, offering you maximum flexibility.

This modern duplex property features a four-unit complex located in New Norfolk, Tasmania. Each of the four villas offers 2 bedrooms, 1 bathroom, and 1 carport, with an internal living area of approximately 69 m² per unit. The total land area of the development spans 2343 m², designed with functional layouts and quality finishes throughout. Each villa is expected to achieve a weekly rental of $500, providing a combined rental income of $2000 per week. With a turn-key finish and strong projected yield, this property represents a well-balanced opportunity for investors seeking stable income and long-term growth potential in Tasmania’s thriving regional market.

Suburb profile:

New Norfolk, located in the scenic Derwent Valley, combines natural beauty with modern convenience. As Tasmania’s second-oldest settlement, it retains a rich historic charm complemented by local amenities, schools, healthcare, and a vibrant community atmosphere. Its proximity to Hobart—just a 35 to 40-minute drive—makes it ideal for residents seeking peaceful living while remaining connected to the capital’s opportunities. With a strong rental market and appealing lifestyle, New Norfolk stands out as one of Tasmania’s most promising investment destinations.

Inclusions:

• Turn-key finish with blinds throughout
• Reverse-cycle split-system heating and cooling
• Free-standing bath and built-in robes
• Fully fenced, turfed, and landscaped
• 600 mm kitchen appliances and pendant lights

Site Inclusions - Site Works, Foundations & Connections:

• Steel-framed base on steel piers with concrete pads
• Built to NCC 2022 standards with engineered footings
• Connections to sewer, stormwater, mains water, power, and NBN

Preliminary Inclusions:

• Planning and building applications submitted by Totec
• Strata titling lodged upon completion
• BAL assessment incorporated into final build

Internal Inclusions:

• 2.3 m internal ceiling height
• Timber-look flooring throughout living and bedrooms
• Soft-close kitchen drawers and Miro stone benchtops
• Built-in wardrobes and linen closets with shelving

External Inclusions:

• James Hardie weatherboard cladding (painted white)
• Colorbond roof with Skillion roofline
• Concrete driveways and individual carports
• Native landscaping and visitor parking

Landscaping Inclusions:

• Basic landscaping and fencing as per plan
• Turfed yards for each villa

Electrical Inclusions:

• New electrical meter boxes per unit
• Downlights in main living areas
• Central bedroom lights and bathroom heat lamps with fan

Appliance Inclusions:

• Electric hot plate and oven
• Dishwasher
• Provision for refrigerator

Energy Efficiency:

• R2.0 wall and R4.0 ceiling insulation batts
• Double-glazed aluminium windows
• 180 L electric hot-water system

Warranties:

• 3-month maintenance period
• 7-year structural warranty

This duplex property delivers an excellent dual-income opportunity, comprising four self-contained villas that combine functionality, comfort, and investor appeal. Each residence includes 2 bedrooms, 1 bathroom, and 1 carport, making it an attractive and practical option for both tenants and investors. With solid rental performance and contemporary design, it provides both immediate returns and long-term capital potential.

Duplex Properties offer a unique investment avenue that combines aesthetic appeal with functional design, in most cases presenting two mirror-image living spaces under one roofline.

This arrangement not only maximizes land use but also provides investors with the opportunity to generate substantial rental income from two separate tenancies.

The mirrored layout ensures equality in living conditions, making each unit an attractive option for prospective tenants.

Duplexes are particularly appealing for their ability to offer substantial living spaces, representing standalone homes, which can significantly enhance the property's market value and attract a wide range of tenants.