FOR SALE
Best Offer Over $449,000

28 Partridge Drive
Legana TAS 7277

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 120m2
Land area: 696m2
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Investment Opportunity - Long-Term Lease Property.

Currently leased at $400 per week, this three-bedroom family home offers a secure long-term lease, making it an excellent choice for investors looking to grow their rental property portfolio.
The home features a spacious lounge, a formal dining room, an adjoining kitchen, and a versatile second dining area or family space. While the property may need some maintenance, the standout feature is the stable income from the existing long-term tenant.
Located in the expanding area of Legana, with a new shopping centre, Legana Primary School, and recent improvements to the West Tamar Highway for easier access to Launceston, this property presents a promising investment opportunity with both immediate rental returns and future growth potential.
. Long-term lease - currently rented for $400 per week with a stable long-term tenant.
. 3-bedroom Home - includes a lounge, with heat pump, formal dining room, & an adjoining kitchen with a 2nd dining area or family space.
. Garaging - single garage and secure back yard.
. Investment potential - ideal for investors seeking to expand their rental property portfolio.
. Growing area - located in the expanding Legana, which features a new shopping centre & Legana Primary School.
. Improved commute - ongoing upgrades to the West Tamar Highway make travel to Launceston more convenient.
. Future growth - benefit from both current rental income & potential property value appreciation.
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Property Details for 28 Partridge Dr, Legana

28 Partridge Dr, Legana is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 696m2 and floor size of 120m2. The place is currently for sale with Howell Property Group.

Building Type
House
Floor Size
120m2
Land Size
696m2

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About Legana 7277

The size of Legana is approximately 31.9 square kilometres. It has 5 parks covering nearly 0.5% of total area. The population of Legana in 2011 was 3,678 people. By 2016 the population was 4,017 showing a population growth of 9.2% in the area during that time. The predominant age group in Legana is 40-49 years. Households in Legana are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Legana work in a professional occupation. In 2011, 85.4% of the homes in Legana were owner-occupied compared with 82.1% in 2016.

Legana has 2,414 properties. Over the last 5 years, Houses in Legana have seen a 73.36% increase in median value, while Units have seen a 56.77% increase. As at 31 August 2024:

  • The median value for Houses in Legana is $735,970 while the median value for Units is $483,436.
  • Houses have a median rent of $548 while Units have a median rent of $458.
There are currently 22 properties listed for sale, and 3 properties listed for rent in Legana on OnTheHouse. According to CoreLogic's data, 118 properties were sold in the past 12 months in Legana.

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Ben Towns
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Howell Property Group
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