OFF MARKET

1 Danina Street
Chigwell TAS 7011

Bedrooms: 9
Bathrooms: 9
Car spaces: -
Floor area: 423m2
Land area: 2519m2
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Property Details for 1 Danina St, Chigwell

1 Danina St, Chigwell is a 9 bedroom, 9 bathroom Unit and was built in 1962. The property has a land size of 2519m2 and floor size of 423m2. While the property is not currently for sale or for rent, it was last sold in January 2019.

Building Type
Unit
Year Built
1962
Floor Size
423m2
Land Size
2519m2
Local Government
Glenorchy
Lot/Plan
20/55454

Last Listing description (July 2024)

Exceptional Investment Opportunity Block of 9 units, all units street facing + further equity potential and opportunity to increase yields to get them all to market value.

Unlock the potential for lucrative returns with this 9 unit complex, offered as a single investment package. Strategically positioned, 12km from the Hobart CBD and minutes to major shopping centres, services, conveniences with a bus stop at your front door, this property boasts 9 one-bedroom units designed for comfort and functionality.

The spacious units all feature an open-plan layout encompassing kitchen, dining, and lounge areas, alongside a single bedroom with easy access to bathrooms.
Enhancing the appeal of the complex, residents enjoy coded access to a communal outdoor garden area and the addition of their own private small yards. There are ample parking options available and each tenant has an allocated spot.

Seize this outstanding chance to bolster your investment portfolio with this property positioned over three street frontages on a generous corner block.

Currently generating an annual income of $154,440.00 with potential to increase rents to market value and/or growth by either renovating or creative ideas to increase rents. This prime property promises attractive returns.

Situated so close to Hobart, it offers an enviable location for tenants and a profitable return for savvy investors along with continuous capital growth.

Key Features:
Land Size: 2519sqm (approx.)
Three street frontages.
All 9 units are street facing
Fully tenanted
Current yield over 7% (approx.)
Ideal for Superannuation fund investment
Nine (9) 1-bedroom units.
Current Rental Income: $155,480 per annum (approx.)
Usable communal outdoor space
Conveniently located within a 12km to Hobart.
A stone throw away from Iconic Mona Museum

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Property History for 1 Danina St, Chigwell, TAS 7011

A timeline of how this property has performed in the market
Last Sold
$1,025,000
14 Jan 2019
  • 17 Jun 2024
    Listed for Sale Offers Over $2,200,000
  • 26 Feb 2024
    Listed for Sale Offers Over $2,200,000
  • 30 Dec 2019
    Listed for Rent - Price not available
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About Chigwell 7011

The size of Chigwell is approximately 3 square kilometres. It has 5 parks covering nearly 7.2% of total area. The population of Chigwell in 2011 was 1,811 people. By 2016 the population was 2,005 showing a population growth of 10.7% in the area during that time. The predominant age group in Chigwell is 0-9 years. Households in Chigwell are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Chigwell work in a labourer occupation. In 2011, 64.3% of the homes in Chigwell were owner-occupied compared with 61.7% in 2016.

Chigwell has 903 properties. Over the last 5 years, Houses in Chigwell have seen a 43.34% increase in median value, while Units have seen a 47.93% increase. As at 31 October 2024:

  • The median value for Houses in Chigwell is $488,251 while the median value for Units is $473,461.
  • Houses have a median rent of $470.
There are currently 3 properties listed for sale, and 2 properties listed for rent in Chigwell on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Chigwell.

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