FOR SALE
$725,000 (5.5% Return)

22 Sunnyside Road
New Town TAS 7008

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 157m2
Land area: 577m2
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Calling all First home buyers and / or Investors

Situated on a level block in the desirable suburb of Newtown, this weatherboard home presents a remarkable investment opportunity with great potential for first home buyers or investors. Perfectly positioned near local schools and shops, the property has been ingeniously converted into two separate units, offering flexibility and substantial potential. Currently, it returns $755 per week ($39,260 P/A), reflecting a 5.5% return on investment, with the exciting opportunity to further increase the return when the current leases end in December and January.
Unit one features a spacious double bedroom, a large bathroom with a separate laundry, and its own kitchen and dining area. Meanwhile, unit two boasts two generous double bedrooms, a large bathroom complete with toilet and laundry facilities, and its own distinct kitchen and dining space.
The property's layout allows for various possibilities: first home buyers can live in one unit while renting out the other for supplementary income, or combine the units into a substantial single residence by removing a partition wall. This transformation would yield a spacious home with three bedrooms, two bathrooms, two kitchens, and two living areas—an ideal setup for larger families or those seeking expansive living quarters.
Beyond its practicality, the home's proximity to the vibrant North Hobart eateries and theatre, coupled with its easy walking distance to Hobart central, enhances its appeal. Currently leased to excellent tenants who maintain the property impeccably, this opportunity promises both immediate returns and long-term investment potential. With the potential for increased rental income on the horizon, this is an investment opportunity not to be missed.
For further details or to arrange a viewing that will undoubtedly impress, contact us today.
Disclaimer:
The information contained in this listing has been supplied to Win Em All P/L trading as Homelands Property from a variety of sources and to the best of their knowledge. The Agents are unable to verify whether the above information is accurate. All interested persons should make and rely upon their own enquiries in order to determine whether or not the information is, in fact accurate.

Property Details for 22 Sunnyside Rd, New Town

22 Sunnyside Rd, New Town is a 3 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 577m2 and floor size of 157m2. The place is currently for sale with Homelands Property | Huonville.

Building Type
House
Floor Size
157m2
Land Size
577m2

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About New Town 7008

The size of New Town is approximately 4 square kilometres. It has 8 parks covering nearly 9.3% of total area. The population of New Town in 2011 was 5,968 people. By 2016 the population was 6,109 showing a population growth of 2.4% in the area during that time. The predominant age group in New Town is 30-39 years. Households in New Town are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Town work in a professional occupation. In 2011, 58.2% of the homes in New Town were owner-occupied compared with 57.4% in 2016.

New Town has 3,096 properties. Over the last 5 years, Houses in New Town have seen a 31.16% increase in median value, while Units have seen a 21.78% increase. As at 30 September 2024:

  • The median value for Houses in New Town is $821,345 while the median value for Units is $481,476.
  • Houses have a median rent of $580 while Units have a median rent of $450.
There are currently 15 properties listed for sale, and 9 properties listed for rent in New town on OnTheHouse. According to CoreLogic's data, 91 properties were sold in the past 12 months in New town.

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Steve Jury
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Stephanie Beeston
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Homelands Property | Huonville
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