SOLD
Sold on 13 Feb 2024 for $540,000

5 Hodgman Street
Burnie TAS 7320

Bedrooms: 6
Bathrooms: 3
Car spaces: 1
Floor area: 119m2
Land area: 363m2
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Sold By
Matt Grice
One Agency Burnie
Tom Smith
One Agency Burnie
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Property Details for 5 Hodgman St, Burnie

5 Hodgman St, Burnie is a 6 bedroom, 3 bathroom House with 1 parking spaces and was built in 1900. The property has a land size of 363m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 6 bedroom House sold in Burnie in the last 12 months.

Building Type
House
Year Built
1900
Floor Size
119m2
Land Size
363m2
Local Government
Burnie
Lot/Plan
3/80077

Last Listing description (April 2024)

What we have here is a rare offering indeed, a triple income investment, bringing in over $40k per year! 5 Hodgman Street has been converted into three separate dwellings, each with long term tenants already in place. The property sits on the hillside looking over Burnie and out to Bass Strait and is only minutes from the Burnie CBD, Beach, shops, university, gyms, cafes and more!

Unit 1 has:
2 Bedrooms;

Bathroom with both shower and bathtub;
Separate Toilet;
Updated kitchen;
Access onto the large deck area.

Unit 2 has:
2 Bedrooms;
Large bathroom with included laundry;
Separate toilet;
Access onto the large deck area.

Unit 3 has:
2 large bedrooms, both with built in wardrobes;
Bathroom with combined laundry;
Private outdoor area.

INCOME:
Unit 1: $255 p.w, Unit 2: $320 p.w, Unit 3: $290 p.w Total - $865 p.w.

OUTGOINGS:
Council rates: $411p/qu (approx.)
Water Rates: $386p/qu (approx.)
Land Tax: $136.50 p/qu (approx.)
Insurance: $460 p.q (approx.)
Electricity: $1,106 p.q (approx.; included in rent)

Building Size: 214m2 (approx.)
Land Size: 379m2 (approx.)

During this pandemic - if you are unable to inspect this home, we are kindly offering virtual inspections. At this time if there is anything that we can do to make your buying experience easier, please just let us know.

One Agency Burnie has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 5 Hodgman St, Burnie, TAS 7320

A timeline of how this property has performed in the market
Last Sold
$540,000
13 Feb 2024
Listed for Rent
01 Jul 2016
  • 13 Feb 2024
    Sold for $540,000
  • 21 Feb 2023
    Listed for Sale SOLD
  • 25 May 2016
    Listed for Rent - Price not available
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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 866 properties. Over the last 5 years, Houses in Burnie have seen a 86.82% increase in median value, while Units have seen a 53.46% increase. As at 30 September 2024:

  • The median value for Houses in Burnie is $461,442 while the median value for Units is $339,886.
  • Houses have a median rent of $400 while Units have a median rent of $278.
There are currently 11 properties listed for sale, and no properties listed for rent in Burnie on OnTheHouse. According to CoreLogic's data, 29 properties were sold in the past 12 months in Burnie.

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