41 Elphinstone Road, Mount Stuart, Tas 7000

Positioned within one of Hobart's most established and sought-after residential suburbs, this wonderful residence presents an impressive opportunity to secure a home of considerable scale, character and versatility, complemented by an established income history and outstanding accommodation flexibility.

Dating back to circa 1930, the residence has been thoughtfully adapted over time to provide an abundance of accommodation, with an expansive floorplan offering eight bedrooms, three bathrooms plus a separate toilet and powder room, and generous living spaces across approximately 339m² of internal area.

Whether accommodating a large family, extended family, guests or those seeking dedicated spaces for working from home, the sheer flexibility of the floorplan provides an exceptional range of possibilities. For investors or those looking to supplement their income, the property has also demonstrated its earning potential, having provided a steady income over the past nine years.

Its close proximity to Calvary Hospital further enhances its appeal, presenting an attractive accommodation option for visiting doctors, nurses and other medical professionals seeking convenient, well-located accommodation while working in Hobart.

Set upon approximately 850m², the property offers valuable off-street parking for multiple vehicles — a highly desirable attribute for a home of this size and in such a convenient inner-city location. Outside, an established and productive garden provides a wonderful addition, offering greenery, established plantings and the opportunity to enjoy home-grown produce. The outdoor entertaining area is further enhanced by mains gas connected to the deck, adding convenience for those who enjoy entertaining family and friends.

Beyond the home itself, it is the position that truly enhances the lifestyle.

Mount Stuart is an established inner-Hobart suburb renowned for its elevated setting, leafy residential surrounds and proximity to the city. With West Hobart, North Hobart and the Hobart CBD all readily accessible, residents can enjoy an enviable balance between everyday convenience and a quieter residential environment.

For those who appreciate the outdoors, Mount Stuart provides easy access to local parks, walking tracks and the expansive Knocklofty Reserve, while Mount Stuart Lookout provides an elevated outlook across Hobart's CBD and the River Derwent.

Families are also well catered for, with Mount Stuart Primary School located within the suburb, while the surrounding inner-city area provides access to a broad selection of schools, shops, cafés, restaurants and everyday amenities.

Offering an impressive combination of scale, accommodation, established income potential and location, this substantial residence presents an opportunity for homeowners and investors alike to secure a versatile property in a tightly held inner-Hobart setting.

A home with room to live, room to grow and the flexibility to accommodate whatever the future may hold — all within easy reach of the very best of Hobart.

Year Built: 1930
Heating: Ducted gas heating 
Approx. Council Rates: $4447 per annum
Approx. Water Charges: $1976 per annum
Approx. Rent Return For The Whole Property: $67,000 per annum
Approx. Rent Return For The 1 Bedroom Unit: $20,000 per annum

Petrusma Property has obtained the information on this property from what we believe are reliable sources and have no reason to doubt its accuracy however we cannot guarantee its exactness. Prospective Purchasers and the current Vendor(s) are advised to execute their own enquiries regarding the marketing material advertised or provided by Petrusma Property.