Located just 15 kilometres from Hobart CBD this property presents exceptional value to enter the tightly held and popular riverside suburb of Otago. Sitting on a large elevated block of 1012m2 the home enjoys stunning water views over the River Derwent that take in Mt Wellington and the Bowen Bridge. Inside the home stairs lead to the main living space elevated to enjoy the beautiful views. Timber floorboards run throughout the home. The living space and main bedrooms both have glass sliding doors that lead out to the front verandah running the length of the home. The updated kitchen is a great space with loads of storage and positioned at the front of the home so that you can prepare meals while enjoying your position overlooking the water. The two bedrooms on this level both include built-in-storage. There is a separate laundry and the family bathroom includes a bath and separate shower. Outside there is a large undercover entertaining area that opens out from the living room. The large backyard is fully fenced with a garden shed and there is plenty of room for an extension to the existing home. On the lower level there is a separate room with private access that would make a great studio or study space. With only 5 sales in the last 12 months this suburb is tightly held and with good reason, being just 15 minutes to the city and 5 minutes to Glenorchy yet you can enjoy the peace and tranquillity of country living. Don't miss your chance to secure this property, we look forward to showing you through.