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 62.42% increase in median value, while Units have seen a 60.27% increase. As at 30 September 2024:

  • The median value for Houses in Mowbray is $433,396 while the median value for Units is $351,578.
  • Houses have a median rent of $445 while Units have a median rent of $393.
There are currently 26 properties listed for sale, and 6 properties listed for rent in Mowbray on OnTheHouse. According to CoreLogic's data, 90 properties were sold in the past 12 months in Mowbray.

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Richard Bailey
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The Agency Tasmania
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