FOR SALE
Offers Over $499,000

3 Jellico Street
Mowbray TAS 7248

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 116m2
Land area: 1032m2
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"Prime Investment Opportunity with Development Potential in Mowbray"

Introducing an incredible investment opportunity in the heart of Mowbray, offering a solid 3-bedroom home on a generous 1032 m² block. Whether you're looking to develop, invest, or simply move in, this property presents a world of potential. With a location that ticks all the boxes for convenience and growth, it's a must-see for savvy investors or those looking to expand their portfolio.
Key features include:
• Solid brick construction for durability and low maintenance
• Three well-sized bedrooms, two with built-in wardrobes
• Expansive 1032 m² land, perfect for potential development (STCA)
• Live in or rent out the current home while developing the backyard
• Walking distance to Mowbray Shopping Centre and Mowbray Primary School
• Close proximity to Launceston Church Grammar senior campus, Heritage Forest, and public transport
• Convenient access to Newnham University Campus and the Australian Maritime College
• Only 10 minutes to Launceston CBD
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Property Details for 3 Jellico St, Mowbray

3 Jellico St, Mowbray is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 1032m2 and floor size of 116m2. The place is currently for sale with The Agency Tasmania.

Building Type
House
Floor Size
116m2
Land Size
1032m2

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About Mowbray 7248

The size of Mowbray is approximately 9.4 square kilometres. It has 12 parks covering nearly 15.5% of total area. The population of Mowbray in 2011 was 3,751 people. By 2016 the population was 3,747 showing a population decline of 0.1% in the area during that time. The predominant age group in Mowbray is 20-29 years. Households in Mowbray are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mowbray work in a labourer occupation. In 2011, 51.6% of the homes in Mowbray were owner-occupied compared with 47.9% in 2016.

Mowbray has 1,881 properties. Over the last 5 years, Houses in Mowbray have seen a 56.76% increase in median value, while Units have seen a 60.35% increase. As at 31 October 2024:

  • The median value for Houses in Mowbray is $428,503 while the median value for Units is $350,006.
  • Houses have a median rent of $445 while Units have a median rent of $400.
There are currently 21 properties listed for sale, and 1 property listed for rent in Mowbray on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in Mowbray.

Suburb Insights for Mowbray 7248

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Richard Bailey
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The Agency Tasmania
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.