OFF MARKET

11 Bay View Avenue
Burnie TAS 7320

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 85m2
Land area: 862m2
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Last updated 11 Nov 2024
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Property Details for 11 Bay View Ave, Burnie

11 Bay View Ave, Burnie is a 0 bedroom, 0 bathroom House with 1 parking spaces and was built in 1951. The property has a land size of 862m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in October 2014.

Building Type
House
Year Built
1951
Floor Size
85m2
Land Size
862m2
Local Government
Burnie
Lot/Plan
5/116094

Last Listing description (December 2022)

This is an exciting opportunity for someone to put their own stamp on the property or simply own an attractive investment property receiving close to a 5% return!

There is no shying away from potential when it comes to this one! Set out over 2 levels you will find there is a one-bedroom unit with a fully functional kitchen that captures sea views and is filled with sunlight throughout the day. Although the overall floor space is limited, there is a built-in storage compartment when entering the front door along with a built-in robe in the bedroom. The bathroom is simple yet effective and has been updated. This property is currently tenanted privately for $200pw.

Upstairs is where the second unit is located, this one offers more space and even better sea views! As you walk through the lounge room you will notice it is a generous size and has added space for a study or you could even use this as a guest room.

The kitchen is partially updated, yet still has room for any new ideas.
There are two bedrooms, both with built-in robes and are of a good size. The bathroom is of a good size and has been recently updated. This top unit is currently tenanted for $275pw.

Overall, as you will notice the facade needs attention but nothing some time and paint won't fix! This property has a lot to offer and is only a few minutes walk to the CBD, beaches, and more! To find out more information or to arrange an inspection please contact Maddi on 0497 372 913.

Please note - we strongly believe in this current market these units are able to achieve a higher weekly rental amount allowing it to be over a 5% return!

Disclaimer: While Elders Real Estate Burnie has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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Property History for 11 Bay View Ave, Burnie, TAS 7320

A timeline of how this property has performed in the market
Last Sold
$115,000
21 Oct 2014
  • 23 Dec 2021
    Listed for Sale For Sale By Offers Closing 4th March
  • 11 Apr 2015
    Listed for Sale $115,000
  • 21 Oct 2014
    Sold for $115,000
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About Burnie 7320

The size of Burnie is approximately 1.4 square kilometres. It has 3 parks covering nearly 7.6% of total area. The population of Burnie in 2011 was 696 people. By 2016 the population was 616 showing a population decline of 11.5% in the area during that time. The predominant age group in Burnie is 60-69 years. Households in Burnie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Burnie work in a professional occupation. In 2011, 43.8% of the homes in Burnie were owner-occupied compared with 46.3% in 2016.

Burnie has 867 properties. Over the last 5 years, Houses in Burnie have seen a 80.04% increase in median value, while Units have seen a 64.00% increase. As at 31 October 2024:

  • The median value for Houses in Burnie is $455,105 while the median value for Units is $341,956.
  • Houses have a median rent of $370 while Units have a median rent of $278.
There are currently 13 properties listed for sale, and no properties listed for rent in Burnie on OnTheHouse. According to CoreLogic's data, 30 properties were sold in the past 12 months in Burnie.

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