Discover the extraordinary charm and versatility of Cavell Street Retreat, a rare dual-occupancy opportunity in ever-popular West Hobart. Comprising a welcoming two-bedroom cottage at the front and a stylish, fully self-contained one-bedroom unit at the rear, this property is perfectly suited to both savvy investors and owner-occupiers seeking flexibility.
For those looking to live in West Hobart, the layout offers incredible lifestyle adaptability. Occupy one dwelling and utilise the other for extended family, guest accommodation, or a private studio or workspace. The two residences provide privacy, comfort, and room to grow—ideal for multigenerational living or those wanting separation between work and home life.
From an investment perspective, the numbers speak for themselves. The front house is currently leased fully furnished at $590 per week, with a rental increase to $610 per week effective from 9 January through to April 2026. The rear unit is leased at $460 per week. Together, the property will return $1,070 per week, delivering strong, secure income with both leases in place until early 2026—an outstanding low-maintenance investment in a consistently high-demand suburb.
Positioned on sought-after Cavell Street, just a short walk to Hobart’s CBD, the location blends tranquillity with exceptional convenience. The original cottage is spacious and inviting, offering open-plan living and dining flowing into an updated kitchen.
The rear unit is a standout for both owners and tenants alike—recently updated and energy-efficient, featuring a 6-star energy rating, timber floors, high ceilings, and light-filled spaces. The upper-level bedroom captures beautiful water and mountain views, enhancing its livability and appeal.
Outdoor areas include a brick courtyard, established gardens, and sweeping views across Hobart and the River Derwent—perfect for relaxing or entertaining.
Whether you're an owner-occupier seeking a flexible home in a premium location, or an investor wanting strong returns and long-term growth potential, 51 Cavell Street presents an exceptional and increasingly rare opportunity in one of Hobart’s most desirable suburbs.
Features
- Air Conditioning
- Reverse Cycle Air Conditioning
- Outdoor Entertainment Area
- Broadband Internet Available
