FOR SALE
Offers over $425,000

5 Gray Street
Riverside TAS 7250

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 78m2
Land area: 668m2
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Exciting opportunity in Riverside!

Get ready to unleash your creativity with 5 Gray Street - the perfect fixer-upper, development opportunity or investment in the highly sought-after suburb of Riverside! Built in 1951, this home is packed with potential, just waiting for someone with vision to transform it into something truly special. The possibilities are endless and only limited by your imagination!
Currently tenanted until January 2025 at $360 per week, this 3-bedroom home features a cozy open-plan lounge and dining area with a Mitsubishi Heat pump, a bathroom with a shower over bath, separate toilet as well as a separate laundry. The kitchen overlooks a generous backyard and comes equipped with a chef upright oven.
Outside, you'll find tons of space with three sheds, ample parking, and a covered pergola perfect for entertaining or creating your dream outdoor oasis.
Don't miss out on this amazing opportunity to add your personal touch and make this home shine! 5 Gray Street is ready for you to bring it to life. Inspections by appointment.
• Mitsubishi Heat Pump
• Chef Upright Oven
• Separate Toilet
• Open parking
• Tenanted for $360pw until 15th Jan 2025
"Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. Please note, photos are indicative of the property only."

Property Details for 5 Gray St, Riverside

5 Gray St, Riverside is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 668m2 and floor size of 78m2. The place is currently for sale with Roberts Real Estate Launceston.

Building Type
House
Floor Size
78m2
Land Size
668m2

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About Riverside 7250

The size of Riverside is approximately 55 square kilometres. It has 7 parks covering nearly 2.6% of total area. The population of Riverside in 2011 was 6,072 people. By 2016 the population was 6,475 showing a population growth of 6.6% in the area during that time. The predominant age group in Riverside is 10-19 years. Households in Riverside are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riverside work in a professional occupation. In 2011, 75.3% of the homes in Riverside were owner-occupied compared with 72.7% in 2016.

Riverside has 3,442 properties. Over the last 5 years, Houses in Riverside have seen a 64.30% increase in median value, while Units have seen a 30.36% increase. As at 30 September 2024:

  • The median value for Houses in Riverside is $641,551 while the median value for Units is $377,391.
  • Houses have a median rent of $480 while Units have a median rent of $405.
There are currently 34 properties listed for sale, and 5 properties listed for rent in Riverside on OnTheHouse. According to CoreLogic's data, 131 properties were sold in the past 12 months in Riverside.

Suburb Insights for Riverside 7250

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Kellie Potter
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Kathy Padgett
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Roberts Real Estate Launceston
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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.