SOLD
Sold on 02 Feb 2024 for $410,000

2/12 Penguin Drive
Glenorchy TAS 7010

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 298m2
Land area: 298m2
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Property Details for 2/12 Penguin Dr, Glenorchy

2/12 Penguin Dr, Glenorchy is a 2 bedroom, 1 bathroom Unit and was built in 1993. The property has a land size of 298m2 and floor size of 298m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Glenorchy in the last 12 months.

Building Type
Unit
Year Built
1993
Floor Size
298m2
Land Size
298m2
Local Government
Glenorchy
Lot/Plan
2/105729

Last Listing description (March 2024)

This immaculately maintained stand-alone, 2-bedroom brick villa represents a fantastic opportunity for buyers looking for an entry into the housing market, downsizing, or seeking a high yield, low maintenance investment.

Featuring two large bedrooms, both with built ins and a generous open plan living, dining and kitchen, this neat and tidy villa has benefitted from new carpet throughout. The bathroom is generous and practical, featuring a bath, shower, and vanity, whilst the toilet is conveniently located separately.

The front garden provides a lovely street appeal, the property being private and secluded at the end of a quiet cul-de-sac. A charming, shaded back deck is perfect for al fresco entertaining, the rear yard fully secured and includes two handy garden sheds. The property includes a wide parking bay, with enough room to accomodate up to 2 cars, or a car + trailer/boat etc..

Investors will be impressed by the combination of high yield potential (5%+) and capital growth (+117% past 10 years*) that this property represents.

Located at the end of a quiet cul-de-sac only 4 minutes from Glenorchy Central, 2 minutes from KGV and the Elwick Bay foreshore, this affordable villa will be popular, so make sure you enquire quickly.

? Generous, secure yard with 2 car parking bay, entertaining deck and garden sheds
? Two large bedrooms, both with built in wardrobes
? New carpets throughout
? Bright and spacious open plan living, dining and kitchen
? Potential for high yield investment

Council Rates: $1,700 (Approx p.a.)
Water Rates: $1,000 (Approx p.a.)
*Core Logic Glenorchy units January 2024

Disclaimer: Every effort has been made to ensure the accuracy of the information contained here in. While there is no reason to doubt it's accuracy, guarantee can not be assured. The content is intended as advice and such as can not be taken as absolute fact. Accordingly all interested parties should make their own enquiries to verify this information.

Property History for 2/12 Penguin Dr, Glenorchy, TAS 7010

A timeline of how this property has performed in the market
Last Sold
$410,000
02 Feb 2024
  • 02 Feb 2024
    Sold for $410,000
  • 22 Jan 2024
    Listed for Sale Not Disclosed
  • 21 Aug 2019
    Sold for $320,000
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About Glenorchy 7010

The size of Glenorchy is approximately 10.4 square kilometres. It has 19 parks covering nearly 16.6% of total area. The population of Glenorchy in 2011 was 10,533 people. By 2016 the population was 10,833 showing a population growth of 2.8% in the area during that time. The predominant age group in Glenorchy is 20-29 years. Households in Glenorchy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Glenorchy work in a community and personal service occupation. In 2011, 57.7% of the homes in Glenorchy were owner-occupied compared with 54.6% in 2016.

Glenorchy has 5,640 properties. Over the last 5 years, Houses in Glenorchy have seen a 45.67% increase in median value, while Units have seen a 51.97% increase. As at 31 October 2024:

  • The median value for Houses in Glenorchy is $547,936 while the median value for Units is $438,863.
  • Houses have a median rent of $520 while Units have a median rent of $440.
There are currently 55 properties listed for sale, and 6 properties listed for rent in Glenorchy on OnTheHouse. According to CoreLogic's data, 165 properties were sold in the past 12 months in Glenorchy.

Suburb Insights for Glenorchy 7010

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Mark Weaver
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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.