SOLD
Sold on 29 Jul 2024 for $775,000

144 Emu Bay Road
Deloraine TAS 7304

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5121m2
Sold By
NATIONAL BROKERS
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Property Details for 144 Emu Bay Rd, Deloraine

Building Type
Commercial
Year Built
1962
Land Size
5121m2
Local Government
Meander Valley
Lot/Plan
10/51338

Last Listing description (March 2018)

Resort Brokers ID : LH004507

A well established motel with NO motel competition
Benefit of an established restaurant supported by guests and locals
Fantastic views of the Western Tiers from all rooms and the restaurant
Reception well placed to service the rooms, bar, restaurant and admin office
Trained staff to make transition easy for new operator
Market rent and 24 year left on lease
Great life style in a country town and showing a fantastic 40% net return

NB: Property inspections are by appointment only

Property History for 144 Emu Bay Rd, Deloraine, TAS 7304

A timeline of how this property has performed in the market
Last Sold
$775,000
29 Jul 2024
  • 29 Jul 2024
    Sold for $775,000
  • 24 Nov 2015
    Sold for $1,300,000
  • 21 Mar 2014
    Listed for Sale $429,000 + SAV
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About Deloraine 7304

The size of Deloraine is approximately 92.2 square kilometres. It has 9 parks covering nearly 9.5% of total area. The population of Deloraine in 2011 was 2,741 people. By 2016 the population was 2,843 showing a population growth of 3.7% in the area during that time. The predominant age group in Deloraine is 60-69 years. Households in Deloraine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Deloraine work in a trades occupation. In 2011, 71.4% of the homes in Deloraine were owner-occupied compared with 66.3% in 2016.

Deloraine has 1,798 properties. Over the last 5 years, Houses in Deloraine have seen a 61.93% increase in median value, while Units have seen a 90.08% increase. As at 30 November 2024:

  • The median value for Houses in Deloraine is $498,366 while the median value for Units is $410,232.
  • Houses have a median rent of $450 while Units have a median rent of $410.
There are currently 11 properties listed for sale, and no properties listed for rent in Deloraine on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Deloraine.

Suburb Insights for Deloraine 7304

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.