FOR SALE
Offers Over $439,000

2/24 Elwick Road
Glenorchy TAS 7010

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 72m2
Land area: 156m2
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Great Investment Opportunity - 2 Bedroom Brick Villa Unit!

This well-maintained 2-bedroom brick villa unit offers an excellent investment opportunity with a current lease in place until August 2025, generating a steady rental income of $460 per week - a potential gross yield of over 5%.
Located in a highly sought-after area, the property is close to public transport and only a short distance to Glenorchy's vibrant shopping precinct, providing easy access to amenities and services.
Whether you're looking to expand your investment portfolio or enter the market with a secure, long-term rental, this unit presents a fantastic opportunity with strong rental returns and growth potential.
• Great Investment Opportunity
• Modern, fully equipped kitchen
• Open plan living and dining area, creating a spacious and functional space
• Separate bathroom, toilet, and laundry for added convenience
• Private outdoor deck, perfect for enjoying the afternoon sun
• Secure and low-maintenance yard
• Off-street parking for added convenience
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Property Details for 2/24 Elwick Rd, Glenorchy

2/24 Elwick Rd, Glenorchy is a 2 bedroom, 1 bathroom Villa with 2 parking spaces. The property has a land size of 156m2 and floor size of 72m2. The place is currently for sale with PRDnationwide Hobart.

Building Type
Villa
Floor Size
72m2
Land Size
156m2

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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 5,640 properties. Over the last 5 years, Houses in Glenorchy have seen a 45.67% increase in median value, while Units have seen a 51.97% increase. As at 31 October 2024:

  • The median value for Houses in Glenorchy is $547,936 while the median value for Units is $438,863.
  • Houses have a median rent of $520 while Units have a median rent of $440.
There are currently 57 properties listed for sale, and 6 properties listed for rent in Glenorchy on OnTheHouse. According to CoreLogic's data, 166 properties were sold in the past 12 months in Glenorchy.

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