FOR SALE
Offers Over $1.1 Million

12 Hull Street
Glenorchy TAS 7010

Bedrooms: 9
Bathrooms: 4
Car spaces: 7
Floor area: 405m2
Land area: 1563m2
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Unique Opportunity - Multiple Dwellings on One Title!

For the first time in nearly two and a half decades, 12 Hull Street presents an incredible opportunity for astute investors looking to expand or begin their investment portfolio. With the potential for seven income streams, the property currently returns approximately 6.8% gross.
Set on a flat 1,563m² allotment, the property features four dwellings:
- The original three-bedroom house
- A three-bedroom upstairs unit, spanning the entire top level, offering water glimpses and stunning mountain views
- A two-bedroom unit
- A one-bedroom unit
Each dwelling comprises one bathroom and one carport, with Units 1, 2, and 3's carports offering lockable storage areas. All dwellings are currently tenanted.
Additionally, the property boasts two garages - one single garage and one double garage as well as another large lockable storage area accessed via roller door. The double garage features a toilet within. Each has the potential to be leased individually, with the double garage currently leased, totalling five current income streams with potential for more.
Outdoors there is plenty of room to move, with hedges at the front providing shade and privacy to grassed area and further around the back is a sunny courtyard with a shared BBQ area for occupants use.
Situated in an Inner Residential Zone, the expansive block may potentially offer possibilities for further opportunities for development, such as the construction of additional units (STCA).
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Property Details for 12 Hull St, Glenorchy

12 Hull St, Glenorchy is a 9 bedroom, 4 bathroom House with 7 parking spaces. The property has a land size of 1563m2 and floor size of 405m2. The place is currently for sale with Harcourts Signature Sorell.

Building Type
House
Floor Size
405m2
Land Size
1563m2

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About Glenorchy 7010

The size of Glenorchy is approximately 10.4 square kilometres. It has 19 parks covering nearly 16.6% of total area. The population of Glenorchy in 2011 was 10,533 people. By 2016 the population was 10,833 showing a population growth of 2.8% in the area during that time. The predominant age group in Glenorchy is 20-29 years. Households in Glenorchy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Glenorchy work in a community and personal service occupation. In 2011, 57.7% of the homes in Glenorchy were owner-occupied compared with 54.6% in 2016.

Glenorchy has 5,643 properties. Over the last 5 years, Houses in Glenorchy have seen a 43.38% increase in median value, while Units have seen a 56.01% increase. As at 30 September 2024:

  • The median value for Houses in Glenorchy is $532,663 while the median value for Units is $442,238.
  • Houses have a median rent of $510 while Units have a median rent of $440.
There are currently 58 properties listed for sale, and 8 properties listed for rent in Glenorchy on OnTheHouse. According to CoreLogic's data, 170 properties were sold in the past 12 months in Glenorchy.

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Leesa Harrison
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