FOR SALE
Offers over $960,000

29 Bimburra Road
Glenorchy TAS 7010

Bedrooms: 4
Bathrooms: 2
Car spaces: 3
Floor area: 1352m2
Land area: 2906m2
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Dual income, 2 units on one title & 2906m2 of sub-dividable land

A rare opportunity awaits for the astute investor to add to this incredible property to the portfolio. Offering two units on one title (returning $900.00 a week) and 2906m2 block of sub-dividable land. Positioned in a prime location with a bush setting, yet minutes drive to major services and a close commute to Hobart's CBD.
Long-term tenants are in place through NDIS housing. Each unit offers two bedrooms and one bathroom. Both are neat and tidy with one offering a large shower and immaculate kitchens.
There is planning approval and engineering approval for a 1000m2 subdivision at the front of the block. Still keeping ample space and privacy for the units and future home. Please note this needs civil works completed for sign-off.
Also on offer is a large 10x9 garage and workshop as well as a 3.5x8 garage as well as a large storage area under the property and a garage that has been converted to a spacious office area.
So much on offer, and great return with long-term tenants. Incredible location and close to all services. This is an opportunity that can not be missed.
All measurements are approximate and details intended to be relied upon should be independently verified. The particulars contained in this advertisement do not form any contract. While care has been taken in its presentation, no representation is made and no responsibility is accepted for the accuracy of the whole or any part and interested persons are advised to make their own enquiries and satisfy themselves in all respects.

Property Details for 29 Bimburra Rd, Glenorchy

29 Bimburra Rd, Glenorchy is a 4 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 2906m2 and floor size of 1352m2. The place is currently for sale with Raine & Horne - Northern Suburbs.

Building Type
House
Floor Size
1352m2
Land Size
2906m2

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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 5,636 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 51 properties listed for sale, and 8 properties listed for rent in Glenorchy on OnTheHouse. According to CoreLogic's data, 174 properties were sold in the past 12 months in Glenorchy.

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Sam Johnston
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Leanne Kelly
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Raine & Horne - Northern Suburbs
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