FOR SALE
Offers over $350,000

5/3 Bermuka Street
West Moonah TAS 7009

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
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Perfect first home or investment with exceptional return

Conveniently positioned and a short 5-minute walk from all essential services in the vibrant Moonah, this unit offers an exciting, low maintenance proposition for buyers. Sunny and well-maintained, unit 5 features an open plan living, dining, and kitchen area, with access to a delightful private rear deck (situated on common ground).
Accommodation comprises two bedrooms, with the main bedroom featuring a built-in wardrobe, while a combined toilet and laundry complete the floor plan. Additional storage can be found beneath the unit, along with a designated off-street parking spot. The grounds are impeccably maintained by the body corporate, allowing you to enjoy the beautiful surroundings without the hassle of upkeep.
Currently leased until December 2024 generating $420 per week, this unit stands as a lucrative investment prospect for astute investors with reliable tenants already in place. Additionally, Unit 6 is also for sale, offering the opportunity to acquire both units for an even more compelling investment prospect.
For those keen to undertake a renovation venture, an exciting canvas awaits, while those aspiring to make a seamless entry into the property market will find it an ideal starting point, offering the flexibility to move in at the conclusion of the lease.
This property boasts a prime location just moments from Moonah's bustling shopping district, and offers a rich local arts scene, numerous dining choices, and convenient shopping options—all just a quick 10-minute drive to Hobart CBD.
-Current rental return $420pw.
-Council rates $1500 pa approx.
-Water rates $1000 pa approx.
-Body Corp $2280 pa approx.

Property Details for 5/3 Bermuka St, West Moonah

5/3 Bermuka St, West Moonah is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a floor size of 68m2. The place is currently for sale with Elders Tasmania.

Building Type
Unit
Year Built
1974
Floor Size
68m2

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About West Moonah 7009

The size of West Moonah is approximately 1.8 square kilometres. It has 9 parks covering nearly 9% of total area. The population of West Moonah in 2011 was 3,774 people. By 2016 the population was 4,003 showing a population growth of 6.1% in the area during that time. The predominant age group in West Moonah is 20-29 years. Households in West Moonah are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Moonah work in a professional occupation. In 2011, 62.5% of the homes in West Moonah were owner-occupied compared with 60.6% in 2016.

West Moonah has 1,945 properties. Over the last 5 years, Houses in West Moonah have seen a 33.23% increase in median value, while Units have seen a 42.92% increase. As at 31 August 2024:

  • The median value for Houses in West Moonah is $587,401 while the median value for Units is $489,353.
  • Houses have a median rent of $500 while Units have a median rent of $410.
There are currently 9 properties listed for sale, and 2 properties listed for rent in West moonah on OnTheHouse. According to CoreLogic's data, 51 properties were sold in the past 12 months in West moonah.

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Tay Smook
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Warren Lashmar
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Elders Tasmania
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