FOR SALE
Offers Above $560,000

1 & 2/5 Howard Street
Invermay TAS 7248

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 127m2
Land area: 371m2
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Opportunity to Increase your Portfolio

This property offers an excellent investment potential with dual rental incomes. This 127m2 home has been divided into two units, providing the opportunity to maximize the rental return. Situated in Invermay, the units are conveniently located near local shopping areas, UTAS Inveresk campus, the Riverbend Park and Seaport, and only 5 minutes away from the city centre.
Both units feature renovated kitchen areas with electric appliances, modern bathrooms, reverse-cycle heating and cooling, built-in robes in each bedroom and fenced outdoor areas to allow for privacy and comfort. Unit 1 is located at the front of the building and is one bedroom, one bathroom with a separate living area. Whilst Unit 2 offers an open plan living spaces, two bedrooms, and a single garage.
The two units are currently tenanted and managed through Peter Lees Real Estate, with lease dates valid until 2025. The combined rental return for the property is $1,410 per fortnight.
*Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.
Boundary lines are indicative only.

Property Details for 1 & 2/5 Howard St, Invermay

1 & 2/5 Howard St, Invermay is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 371m2 and floor size of 127m2. The place is currently for sale with Peter Lees Real Estate.

Building Type
House
Floor Size
127m2
Land Size
371m2

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About Invermay 7248

The size of Invermay is approximately 4.1 square kilometres. It has 9 parks covering nearly 21.5% of total area. The population of Invermay in 2011 was 3,086 people. By 2016 the population was 3,049 showing a population decline of 1.2% in the area during that time. The predominant age group in Invermay is 20-29 years. Households in Invermay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Invermay work in a professional occupation. In 2011, 48.4% of the homes in Invermay were owner-occupied compared with 44% in 2016.

Invermay has 2,060 properties. Over the last 5 years, Houses in Invermay have seen a 56.78% increase in median value, while Units have seen a 60.67% increase. As at 30 November 2024:

  • The median value for Houses in Invermay is $479,859 while the median value for Units is $487,067.
  • Houses have a median rent of $450 while Units have a median rent of $445.
There are currently 15 properties listed for sale, and 5 properties listed for rent in Invermay on OnTheHouse. According to CoreLogic's data, 66 properties were sold in the past 12 months in Invermay.

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