2 Balemo Street, South Arm, TAS 7022

2 Balemo Street, South Arm, TAS 7022 Opportunity Awaits

South Arm is a charming community offering a local primary school, general store, chemist, caf?, hair salon, and the combined RSL and Iron Pot Golf Club. Larger shopping areas in Lauderdale and Rosny Park are just a 15-minute drive away, with the Hobart CBD only 45 minutes away. This tranquil area is set for growth, especially with the Arm End Golf Course nearing completion, making this an excellent investment opportunity with a potential 6.65% short stay yield.

This stunning, modern coastal home, completed in 2022, is set in a prime South Arm location with direct access to Half Moon Bay Beach. Designed for family living, it features natural light, Tasmanian Oak floorboards, high-end wool carpet, and neutral tones throughout. Upon entry, a built-in mudroom offers storage and seating, perfect for beach days. Nearby, floor-to-ceiling cupboards provide space for coats and wetsuits.

The open-plan kitchen, dining, and living area includes a large island bench, study nook, and a butler's pantry with high-end appliances, stone benchtops, and ample storage. The living space flows seamlessly to a timber deck, ideal for entertaining. A functional laundry, powder room, and internal access to the garage complete the downstairs.

The master bedroom has a walk-in wardrobe and an ensuite with terrazzo tiles and a walk-in shower. Upstairs are three generous bedrooms, all with built-in wardrobes, along with a main bathroom featuring a free-standing bath and shower. A second living area offers stunning sunset views.

The home is equipped with double-glazed windows and ducted heating, with zoned temperature control. The low-maintenance backyard includes an outdoor shower, two 5,000L water tanks, and an AES septic system.

Approximate Annual Rental Returns:

Long-term rental: $29,792

Short Stay (Conservative Estimate): $62,300

Short Stay (Optimal Estimate): $76,500