FOR SALE
Offers over $600,000

3 Lime Road
Lutana TAS 7009

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 112m2
Land area: 690m2
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Prime investment property

Situated in the highly desirable suburb of Lutana, this 1950's home offers an exciting investment opportunity. Currently leased until October 2024, this property is ideal for astute investors looking to expand their property portfolio. Additionally, those seeking proximity to the city and ready for their next project will find incredible potential for future improvements, offering an excellent opportunity to increase the property's value.
The home consists of a separate living room, featuring a pellet heater for comfort during the cooler months, and an open-plan kitchen and dining area with picturesque views of the mountain. A balcony seamlessly extends from the dining area, leading down to the generously sized outdoor area.
Accommodation comprises three bedrooms, with the third bedroom offering the versatility to serve as a home office. Servicing the home is a combined bathroom and laundry, completing the floorplan.
Outside provides a lovely, private backyard retreat, complete with two sheds and under-house storage. The convenience of off-street parking with a carport, as well as low-maintenance imitation weatherboard, adds to the home's appeal.
The location is unbeatable, with excellent public transport links and easy access to major roads. Only 10 minutes from Hobart CBD and moments away from the bustling and vibrant Moonah, which boasts an array of cafes, restaurants, and local supermarkets. This delightful home in Lutana is a fantastic opportunity for a variety of buyers, combining convenience with limitless potential for future growth.

Property Details for 3 Lime Rd, Lutana

3 Lime Rd, Lutana is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1951. The property has a land size of 690m2 and floor size of 112m2. The place is currently for sale with Elders Tasmania.

Building Type
House
Year Built
1951
Floor Size
112m2
Land Size
690m2

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About Lutana 7009

The size of Lutana is approximately 2.1 square kilometres. It has 4 parks covering nearly 9.3% of total area. The population of Lutana in 2011 was 2,384 people. By 2016 the population was 2,365 showing a population decline of 0.8% in the area during that time. The predominant age group in Lutana is 30-39 years. Households in Lutana are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lutana work in a professional occupation. In 2011, 64.9% of the homes in Lutana were owner-occupied compared with 62.6% in 2016.

Lutana has 1,240 properties. Over the last 5 years, Houses in Lutana have seen a 38.39% increase in median value, while Units have seen a 43.19% increase. As at 31 October 2024:

  • The median value for Houses in Lutana is $564,138 while the median value for Units is $459,098.
  • Houses have a median rent of $525 while Units have a median rent of $425.
There are currently 7 properties listed for sale, and 4 properties listed for rent in Lutana on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Lutana.

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Tay Smook
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Elders Tasmania
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