158 Wilson StreetBurnie TAS 7320
Property Details for 158 Wilson St, Burnie
158 Wilson St, Burnie is a 9 bedroom, 4 bathroom Unit with 3 parking spaces and was built in 1955. The property has a land size of 619m2 and floor size of 294m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Last Listing description (September 2017)
158 Wilson Street, located just to the south of the Burnie CBD, comprises 4 Art Deco apartments on one title, with dual street access and separate lock up parking.
These units are within a tightly held and sought after residential precinct close to the CBD. Properties of this nature within income generating potential are rare to market and are becoming increasingly sought after.
Currently used by an accommodation provider, this property provides the opportunity for a discerning investor to continue the current use or utilise the building for a combination of long and short term residential purposes.
Unit 2: 2 bedrooms, 1 bathroom
Unit 3: 1 bedroom, 1 bathroom
Unit 4: 1 bedroom, 1 bathroom
Total floor area: 386 sqm
* Extensively furnished, all furniture will form part of sale
* Historically returning a fully let gross income of circa $1,100 per week
* Potential to achieve a fully leased gross return in excess of 9.00%
* Flexibility and opportunity for investors, developers, occupiers and accommodation providers
Property History for 158 Wilson St, Burnie, TAS 7320
- 01 Nov 2022Sold for $1,000,000
- 06 Sep 2017Sold for $512,000
- 10 May 2017Listed for Sale $550,000
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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 868 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.
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