49 Lyell Highway, Granton, Tas 7030

Live in the main house and start collecting rent from the separate one bedroom studio, this unique estate boasts uninterrupted water views of the Derwent River and new Bridgewater Bridge. Perfect for first home buyers and investors alike. If you love the idea of having some space around you with the convenience of being 5 minutes from supermarkets, shops and schools, then you must take a look at this riverside gem.

Set on a generous 2034sqm block with two street frontages, you will fall in love with the gorgeous 1953 built timber cottage. Plenty of space for your pets, children and chickens to free range while you start planning your next dinner party. Brimming with original features, the home offers two good sized bedrooms with built in robes plus a sunroom which could serve as a third bedroom or home office. The bathroom is a blend of 1950's nostalgia and modern comforts, with retro 'pink' tub and separate shower. Featuring an internal laundry, open plan living/dining space which is kept toasty warm by the open fireplace and heat pump. The hardwood timber flooring give this home a welcoming feel and the expansive windows perfectly frame the impressive water views and black swans. The retro kitchen features timber cupboards, light filled space and views of the river and the mountains beyond.

With the added bonus of a council approved one bedroom studio, privately tucked away from the main house, there is also plenty of room on the property for cars while still having room to park your boat, caravan or camper. The possibilities really are endless for those wanting to be the next lucky owners of this unique piece of Tasmania. 

The studio is tenanted until Jan 2026 with a lease in place and guaranteed income of $280 per week, while the main house is owner occupied and waiting for the new owners to move in.

Council Rates: Approx. $1,924 p.a.
Water Rates: Approx. $875 p.a.

Rental Appraisal: $495 per week - main house + $280 per week for studio