FOR SALE
Offers Over $350,000

11 Harvey Street
Strahan TAS 7468

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 156m2
Land area: 575m2
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Investment Opportunity: Spacious 4-Bedroom Residence with Established Long-Term Tenancy

Unlock the potential of this expansive 4-bedroom home, offering an exceptional investment opportunity with a proven track record of long-term tenant occupancy spanning over 7 years. Currently leased at $460 per week, increasing to $510 per week as of January 2025, this property presents immediate income growth and future profit potential.
Key Features:
• Stability and Continuity: Benefit from the stability of consistent, long-standing tenancy, providing investors with a reliable and uninterrupted income stream.
• Income Growth: Positioned for immediate income enhancement with an upcoming rental increase to $510 per week, seizing the opportunity for immediate returns on investment.
• Future Rent Escalation: Capitalize on the potential for further rental escalation, maximizing profitability and securing long-term financial gains.
• Generous Space and Comfort: With four spacious bedrooms, this residence caters to the needs of tenants, guaranteeing high occupancy rates and consistent rental income.
Steeped in history, this large residence, built in the 1900s, boasts beautiful high ceilings and holds tremendous potential for future growth. Embrace the opportunity to acquire a successful investment venture.
"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 11 Harvey St, Strahan

11 Harvey St, Strahan is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 575m2 and floor size of 156m2. The place is currently for sale with Roberts Real Estate Burnie.

Building Type
House
Floor Size
156m2
Land Size
575m2

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About Strahan 7468

The size of Strahan is approximately 311.6 square kilometres. It has 21 parks covering nearly 88.7% of total area. The population of Strahan in 2011 was 824 people. By 2016 the population was 709 showing a population decline of 14.0% in the area during that time. The predominant age group in Strahan is 20-29 years. Households in Strahan are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Strahan work in a managers occupation. In 2011, 63.3% of the homes in Strahan were owner-occupied compared with 61.1% in 2016.

Strahan has 677 properties. Over the last 5 years, Houses in Strahan have seen a 154.19% increase in median value, while Units have seen a 15.90% increase. As at 31 October 2024:

  • The median value for Houses in Strahan is $307,357 while the median value for Units is $214,443.
  • Houses have a median rent of $290 while Units have a median rent of $160.
There are currently 31 properties listed for sale, and 3 properties listed for rent in Strahan on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Strahan.

Suburb Insights for Strahan 7468

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Jake Hedrick
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Roberts Real Estate Burnie
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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.