FOR SALE
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1 Castlereagh Court
Lenah Valley TAS 7008

Bedrooms: 5
Bathrooms: 3
Car spaces: 4
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Returning $1320 Per Week!!

Situated in the highly sought-after location of Lenah Valley with great sun and mountain views, this architecturally designed concrete and double brick property is already divided into three rentals, laying the foundation for an effortless income stream. Leave it as is or increase your rental potential with some cosmetic updates.
Consider the advantages: the property's solid construction provides a sturdy base for any improvements you wish to make. By focusing on strategic updates, you can maximize the property's appeal and rental income potential, all while keeping costs manageable. With a keen eye for design and a clear plan, you'll achieve outstanding results that far outweigh the initial investment.
Moreover, purchasing this property at its current price is a steal! You'll be hard-pressed to find such a well-located, double brick property with this level of rental potential elsewhere. Building a similar property from scratch would undoubtedly cost significantly more. Here, you have the opportunity to leverage the existing framework and capitalize on its excellent layout.
Don't miss out on this exceptional opportunity! Take the reins and unlock the true potential of 1 Castlereagh Court. Contact us today to arrange a private viewing and discuss how you can make this property a shining star in your investment portfolio.
Current yield $1320 per week
Council Rates: $734 per quarter
Water Rates: ~$1200 pa plus usage (as per owners bills)
Land Size 617m2
Recent Yield $1,365.00 per week.
At Area Specialist Northern Suburbs, we strive to achieve the highest possible price for our homeowners, along with the best marketing your money can buy. We also offer EVERY salesperson in the industry an opportunity to SELL YOUR HOME. At Area Specialist "Sell with us, SOLD by ALL". Call now for more information.

Property Details for 1 Castlereagh Ct, Lenah Valley

1 Castlereagh Ct, Lenah Valley is a 5 bedroom, 3 bathroom House with 4 parking spaces. The place is currently for sale with Area Specialist Tasmania.

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About Lenah Valley 7008

The size of Lenah Valley is approximately 8.4 square kilometres. It has 10 parks covering nearly 3.3% of total area. The population of Lenah Valley in 2011 was 5,852 people. By 2016 the population was 5,934 showing a population growth of 1.4% in the area during that time. The predominant age group in Lenah Valley is 40-49 years. Households in Lenah Valley are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lenah Valley work in a professional occupation. In 2011, 75.1% of the homes in Lenah Valley were owner-occupied compared with 74% in 2016.

Lenah Valley has 3,089 properties. Over the last 5 years, Houses in Lenah Valley have seen a 37.64% increase in median value, while Units have seen a 43.88% increase. As at 31 July 2024:

  • The median value for Houses in Lenah Valley is $762,891 while the median value for Units is $562,056.
  • Houses have a median rent of $590 while Units have a median rent of $450.
There are currently 14 properties listed for sale, and 1 property listed for rent in Lenah valley on OnTheHouse. According to CoreLogic's data, 89 properties were sold in the past 12 months in Lenah valley.

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Area Specialist Tasmania
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