FOR SALE
Offers Over $569,000

16 Balaclava Street
Invermay TAS 7248

Bedrooms: 5
Bathrooms: 2
Car spaces: 3
Floor area: 96m2
Land area: 311m2
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Investment Opportunity: Prime Real Estate in Invermay!

Discover an exceptional investment opportunity in Balaclava Street. This property offers a combination of prime location and excellent returns, making it a standout choice for savvy investors.
Key Features:
• 5 Bedrooms, 2 Bathrooms: Spacious and versatile, perfect for families or multiple tenants.
• Decked Area: Enjoy both covered and uncovered outdoor spaces for relaxation and entertainment.
• Ample Parking: Convenient parking for up to 3 cars, a rare find in such a central location.
• Prime Location:
Walking distance to the CBD and University, making it highly attractive to students and professionals.
• Proximity to UTAS Stadium, Inveresk Precinct, and Seaport offers recreational and cultural amenities at your doorstep.
Currently Rented with a Strong Return
This property is currently rented and generating a good return - Gross 8% - ensuring immediate income and a secure investment.
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Property Details for 16 Balaclava St, Invermay

16 Balaclava St, Invermay is a 5 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 311m2 and floor size of 96m2. The place is currently for sale with The Agency Tasmania.

Building Type
House
Floor Size
96m2
Land Size
311m2

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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 2,050 properties. Over the last 5 years, Houses in Invermay have seen a 58.03% increase in median value, while Units have seen a 46.49% increase. As at 31 October 2024:

  • The median value for Houses in Invermay is $481,704 while the median value for Units is $469,721.
  • Houses have a median rent of $450 while Units have a median rent of $445.
There are currently 17 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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Richard Bailey
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The Agency Tasmania
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