FOR SALE
Offers over $545,000

44 Elwick Road
Glenorchy TAS 7010

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 153m2
Land area: 554m2
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Investors, first home buyers or both - 2 flats in 1 house - fantastic yield!

Welcome to the very popular City of Glenorchy!
This property has something for everyone; investors, first home buyers, owner occupiers, renovators and/or downsizers.
44 Elwick Road (c1917) consists of 2 flats. Flat 1 (68 sqm) consists of one very generous sized bedroom, living room and one bathroom with separate laundry plus one OSP, with a generously proportioned garden. Currently leased at $350 per week until January 2025. Flat 2 (85 sqm) consists of two large proportioned bedrooms, a light-filled sunroom/study, kitchen/dining, bathroom and laundry and one OSP. There is also as a large secured back yard most suitable for pets and children alike. This flat is currently leased for $400 per week until April 2025. Total land size is 554 sqm (approx.).
44 Elwick Road been well maintained with recent upgrades including new roofing, painting, gutters and fencing.
This property offers a unique opportunity for astute investor, first home buyer, owner occupier, renovators or downsizers - or all of the above - all within a short stroll from Northgate Shopping Centre, shopping and sporting facilities and only a quick drive to Hobart CBD.
44 Elwick Road
Council rates: $2592 pa approx
Water rates: $596 pa approx
Body corporate: $600 pa approx

Property Details for 44 Elwick Rd, Glenorchy

44 Elwick Rd, Glenorchy is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1917. The property has a land size of 554m2 and floor size of 153m2. The place is currently for sale with Elders Tasmania.

Building Type
House
Year Built
1917
Floor Size
153m2
Land Size
554m2

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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 5,648 properties. Over the last 5 years, Houses in Glenorchy have seen a 48.75% increase in median value, while Units have seen a 49.03% increase. As at 30 November 2024:

  • The median value for Houses in Glenorchy is $560,112 while the median value for Units is $445,449.
  • Houses have a median rent of $520 while Units have a median rent of $450.
There are currently 48 properties listed for sale, and 8 properties listed for rent in Glenorchy on OnTheHouse. According to CoreLogic's data, 169 properties were sold in the past 12 months in Glenorchy.

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Rorie M Auld
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Elders Tasmania
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