2 Reiby StreetGlenorchy TAS 7010
Property Details for 2 Reiby St, Glenorchy
2 Reiby St, Glenorchy is a 5 bedroom, 2 bathroom House with 1 parking spaces and was built in 1968. The property has a land size of 654m2 and floor size of 168m2. While the property is not currently for sale or for rent, it was last sold in April 2018.
Last Listing description (November 2024)
With vacant possession on offer or possible existing tenancy extensions if required, what a brilliant opportunity to purchase this gem of a property boasting brilliant views, a large powered garage/workshop with the home currently split into 2 residencies/tenancies returning $950 per week - and just 10 minutes to Hobart. Neat as a pin this property is in great order and there is no short/medium term need to renovate kitchens and bathrooms.
Both levels have the convenience of their own entrance and private yards allowing seamless separate and private living or they can easily be accommodated into one family home with a large backyard. The upstairs tenancy ($440 per week) is until Jan 2025 and the downstairs tenancy is month to month ($500 per week).
It is rare to find a home that offers the versatility for the new owner to generate an excellent investment yield immediately and a future yield that will become extremely attractive. Perhaps you would like to live in the bottom level and rent out the top to assist your mortgage. Consider air bnb possibilities in one or both zones? Live in one wing and a family member can live in the other wing. Or perhaps you have a big family and will open the house up easily just through the one door.
The home is kept comfortable with gas heating, cooking and hot water. There is a working wood heater in the downstairs lounge area and an upstairs modern extension featuring 2 bedrooms. The second bedroom cleverly designed with corner doors that can be opened up to incorporate the spacious living areas.
With the ability to connect to either blazing fast FTTP NBN or ultra fast 5G 2 Reiby St has amazing options for internet availability.
The home would suit an investor wanting to secure a solid low maintenance home close to Hobart with an up front excellent yield and long term growth prospects.
About Glenorchy
Situated within 5 minutes to Northgate Shopping Centre, and 10-15 minutes to the Hobart CBD, this property enjoys close proximity to numerous schools and amenities. It presents an appealing opportunity for first-time homebuyers and those seeking to start or diversify their property portfolio.
About Hobart:
With over $28 billion worth of infrastructure projects in the pipeline over the next decade in Tasmania, plus many other projects, Hobart remains a solid city to be investing in. Tasmania is known for its pro-environmental stance, and in 2020 achieved 100% renewable energy status thanks to a combination of hydroelectricity, wind, and solar energy sources.
The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
Property History for 2 Reiby St, Glenorchy, TAS 7010
- 04 Nov 2024Listed for Sale $735,000 - $775,000
- 23 Apr 2018Sold for $450,000
- 11 Apr 2018Listed for Sale Offers Over $475,000
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0About 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.
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