FOR SALE
Offers Over $2,300,000

Unit 1-9/117 William Street
Devonport TAS 7310

Bedrooms: 18
Bathrooms: 9
Car spaces: 9
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Invest in the North-West Coast of Tasmania

6 x 2 Bedroom 1 Bathroom Units with carports
3 x 2 Bedroom 1 Bathroom Units with car spaces
Low Vacancy rates in a strong rental market
Close to CBD Shopping Centres and Food Outlets
6.47% Gross Income Fully Tenanted
Devonport is the Living City with infrastructure continuing beyond the recently completed Novotel Waterfront Hotel, Paranaple Centre, Multi-Level Car Park, Providore Place and the terrific new sound and light show on the Mersey Foreshore. It is the gateway to Tasmania with The Spirit of Tasmania ferries sailing up the Mersey River twice daily delivering a steady stream of cargo and passengers directly to the City.
This property presents a unique opportunity to purchase the whole complex of 9 units providing a hefty 6.47% gross income return. These units offer an essential and affordable option in a Devonport rental market that is currently extremely buoyant with minimal vacancy rates in the area. The three units in the front house have had extensive upgrades and renovation. Two of the back brick unit complex have been extensively renovated including new roofs. Other upgrades include fresh paint and carpets maintained over the past few years.
*The information contained herein has been supplied to us by sources which are considered reliable and we have no reason to doubt its accuracy. However, all interested parties should make their own enquiries to verify this information to be correct. All measurements are approximate and are for illustrative purposes only.

Property Details for Unit 1-9/117 William St, Devonport

Unit 1-9/117 William St, Devonport is a 18 bedroom, 9 bathroom House with 9 parking spaces. The place is currently for sale with LJ Hooker Devonport.

Building Type
House

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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 7,655 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 51 properties listed for sale, and 8 properties listed for rent in Devonport on OnTheHouse. According to CoreLogic's data, 296 properties were sold in the past 12 months in Devonport.

Suburb Insights for Devonport 7310

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Michael Ziegler
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Tyla Pyke
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LJ Hooker Devonport
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.