OFF MARKET

7 King Street
Cressy TAS 7302

Bedrooms: 3
Bathrooms: 2
Car spaces: 6
Floor area: 76m2
Land area: 513m2
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Property Details for 7 King St, Cressy

7 King St, Cressy is a 3 bedroom, 2 bathroom House with 6 parking spaces and was built in 1900. The property has a land size of 513m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in December 2018.

Building Type
House
Year Built
1900
Floor Size
76m2
Land Size
513m2
Local Government
Northern Midlands
Lot/Plan
1/146103

Last Listing description (August 2023)

On offer in the picturesque country town of Cressy is a rare opportunity to secure yourself two properties on one title! With the potential to earn over 6% gross rental return, this is a fantastic investment opportunity!
The original Circa 1900 cottage is at the front of the block and has undergone significant renovations to provide a warm, comfortable two bedroom home with modern features but still the charm of yesteryear. At the rear of the block is a council approved modern 1 bedroom self contained cottage built in 2020 but maintaining the look and charm of the property , perfect for multigenerational living or utilise as an Airbnb for additional income. With 2 separate driveways offering ample off street parking, separate electricity meters, low maintenance gardens and located approx 200m walk from the Ringwood Hotel and Rustic Bakehouse(local café/bakery), this is an opportunity you won’t want to miss out on!
Front cottage features:

• Renovated 1900 cottage with 2 generous bedrooms
• 2 x reverse cycle air conditioners & wood heater for all year round comfort
• Large main bathroom with shower & bath
• Separate laundry
• Spacious open plan living area
• Generous kitchen with ample storage
Rear cottage features:
• 2020 built 1 bedroom self contained cottage
• Full kitchenette
• Large separate bathroom inc laundry
• Spacious main bedroom with built in robe
• Separate lounge area and front verandah
• 2 x garden sheds for extra storage
• Privacy and screened from front house by gardens
General features:
• NBN connected
• Re-wired and plumbed
• Dual driveways offering lots of parking – room for caravan/boat
• Charming courtyard with grapevine, olive tree and roses
• Fully enclosed yard with beautiful low maintenance established gardens
• Approx 200m walk from bakery/café and the Ringwood Hotel

Known as the Trout fishing capital of Tasmania, Cressy is conveniently located only 20 mins drive to Launceston City Airport, 25 mins drive to Launceston and less than 10 mins to the nearby village of Longford.

Council rates: $335 p/q approx.
Water rates: $270 p/q approx.
Building size: 77m2 cottage, 44m2 unit
Land size: 513 m2 approx.
Year built: 1900 & 2020
Rental estimate: Approx $700pw combined rental return on both cottages

Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 7 King St, Cressy, TAS 7302

A timeline of how this property has performed in the market
Last Sold
$180,000
04 Dec 2018
Listed for Rent
$420/w
09 Jun 2023
  • 31 Jul 2023
    Listed for Sale Not Disclosed
  • 24 May 2023
    Listed for Rent $420 / week
  • 24 Aug 2020
    Listed for Rent $330 / week
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About Cressy 7302

The size of Cressy is approximately 585.1 square kilometres. It has 5 parks covering nearly 9.1% of total area. The population of Cressy in 2011 was 1,403 people. By 2016 the population was 1,131 showing a population decline of 19.4% in the area during that time. The predominant age group in Cressy is 0-9 years. Households in Cressy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cressy work in a managers occupation. In 2011, 68.1% of the homes in Cressy were owner-occupied compared with 66% in 2016.

Cressy has 578 properties. Over the last 5 years, Houses in Cressy have seen a 82.16% increase in median value. As at 31 October 2024:

  • The median value for Houses in Cressy is $409,127 while the median value for Units is $397,826.
  • Houses have a median rent of $420.
There are currently 5 properties listed for sale, and no properties listed for rent in Cressy on OnTheHouse. According to CoreLogic's data, 25 properties were sold in the past 12 months in Cressy.

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