FOR SALE
$445k - $470k

1/62 Percy Street
Devonport TAS 7310

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 125m2
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IDEAL INVESTMENT AT APPROX. 5% RETURN

Positioned in the vibrant city of Devonport, this beautifully presented four bedroom, one bathroom home is just a short stroll from local schools, shops, and the stunning Mersey River waterfront. Devonport offers a dynamic lifestyle with its thriving community, picturesque scenery, and easy access to the Spirit of Tasmania ferry, making it a gateway to the rest of the island.
Currently leased until December 2024, this property offers a solid rental yield of approximately 5%, presenting a fantastic opportunity for investors. For those seeking a home to occupy, there is also the potential to transition into the property once the lease concludes, allowing flexibility for buyers depending on their needs.
Key features include a renovated bathroom complete with a luxurious walk-in shower, double vanity, and a deep, freestanding bathtub perfect for unwinding after a long day. The home also features two toilets, including one in the spacious laundry for added convenience.
The large, sun-filled lounge and dining room create an inviting space for family gatherings, while ducted gas heating ensures year-round comfort. Each of the four spacious bedrooms provides ample room for growing families.
The kitchen is equipped with a walk-in pantry, offering excellent storage solutions, and the home's large laundry includes a second toilet for practicality.
This property is strata-titled with two newly built units behind, providing great investment potential or a perfect home base for those looking to enjoy all that Devonport has to offer.
*Subject to issue of strata title, land size to be confirmed.
**McGrath Devonport believe information contained is accurate however interested parties should rely upon their own enquires. Plans are indicative only.

Property Details for 1/62 Percy St, Devonport

1/62 Percy St, Devonport is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a floor size of 125m2. The place is currently for sale with MCGRATH DEVONPORT.

Building Type
House
Floor Size
125m2

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About Devonport 7310

The size of Devonport is approximately 10.2 square kilometres. It has 15 parks covering nearly 13.3% of total area. The population of Devonport in 2011 was 14,009 people. By 2016 the population was 13,761 showing a population decline of 1.8% in the area during that time. The predominant age group in Devonport is 50-59 years. Households in Devonport are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Devonport work in a professional occupation. In 2011, 62.2% of the homes in Devonport were owner-occupied compared with 59.4% in 2016.

Devonport has 7,652 properties. Over the last 5 years, Houses in Devonport have seen a 74.99% increase in median value, while Units have seen a 75.79% increase. As at 31 October 2024:

  • The median value for Houses in Devonport is $456,343 while the median value for Units is $401,116.
  • Houses have a median rent of $420 while Units have a median rent of $355.
There are currently 53 properties listed for sale, and 8 properties listed for rent in Devonport on OnTheHouse. According to CoreLogic's data, 295 properties were sold in the past 12 months in Devonport.

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