OFF MARKET

2 Lantana Court
East Devonport TAS 7310

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 102m2
Land area: 873m2
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Last updated 11 Nov 2024
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Property Details for 2 Lantana Ct, East Devonport

2 Lantana Ct, East Devonport is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 873m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in July 2017.

Building Type
House
Year Built
1970
Floor Size
102m2
Land Size
873m2
Local Government
Devonport
Lot/Plan
54/9853

Last Listing description (November 2024)

Presenting a fantastic opportunity for investors, 2 Lantana Court offers a solid return with a current rental income of $370 per week. This well-maintained three bedroom, one bathroom home sits on a generous 873m block, providing ample space for future potential or enjoying the benefits of a large yard.

The home has recently undergone thoughtful updates, including a new kitchen and an updated laundry, adding both value and modern convenience. A single carport along with additional storage sheds and under house storage plus a good-sized yard enhance the property's appeal, making it attractive to long-term tenants seeking comfort and outdoor space.

East Devonport is a growing and highly sought-after suburb, known for its easy access to Devonport's city centre and essential amenities. The area features excellent schools, shops, public transport, and recreational facilities.

East Devonport is also home to the Spirit of Tasmania ferry terminal, providing a direct link to the mainland. With coastal walks and parks nearby, the area offers a lifestyle balance that is appealing to both tenants and owner-occupiers.

With the property already tenanted and rental demand in East Devonport remaining high, this is a low-maintenance investment opportunity. The large 873m block adds potential for future development (STCA), while the home's modern updates ensure continued tenant satisfaction.

**McGrath Devonport believe information contained is accurate however interested parties should rely upon their own enquires. Plans are indicative only

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Property History for 2 Lantana Ct, East Devonport, TAS 7310

A timeline of how this property has performed in the market
Last Sold
$145,100
21 Jul 2017
  • 15 Oct 2024
    Listed for Sale Best Offer Over $375k
  • 21 Jul 2017
    Sold for $145,100
  • 02 Jun 2017
    Listed for Sale Offers Over $145,000

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About East Devonport 7310

The size of East Devonport is approximately 12.3 square kilometres. It has 6 parks covering nearly 2.8% of total area. The population of East Devonport in 2011 was 4,200 people. By 2016 the population was 4,064 showing a population decline of 3.2% in the area during that time. The predominant age group in East Devonport is 60-69 years. Households in East Devonport are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Devonport work in a labourer occupation. In 2011, 55.6% of the homes in East Devonport were owner-occupied compared with 53.9% in 2016.

East Devonport has 2,344 properties. Over the last 5 years, Houses in East Devonport have seen a 75.50% increase in median value, while Units have seen a 74.87% increase. As at 31 October 2024:

  • The median value for Houses in East Devonport is $410,365 while the median value for Units is $388,243.
  • Houses have a median rent of $420 while Units have a median rent of $335.
There are currently 20 properties listed for sale, and 2 properties listed for rent in East devonport on OnTheHouse. According to CoreLogic's data, 82 properties were sold in the past 12 months in East devonport.

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