OFF MARKET

7 Waratah Street
Grassy TAS 7256

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 93m2
Land area: 1133m2
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Last updated 28 Oct 2024
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Property Details for 7 Waratah St, Grassy

7 Waratah St, Grassy is a 3 bedroom, 1 bathroom House and was built in 1940. The property has a land size of 1133m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Year Built
1940
Floor Size
93m2
Land Size
1133m2
Local Government
King Island
Lot/Plan
120/112916

Last Listing description (March 2019)

Phone enquiry code for this property: 8981

This comfortable 3 bedroom house offers magnificent views over the ocean from your vantage point above the harbour. King Island is renowned for its clean air, incredible scenery, crayfish, beef, cheese, golf, surfing, fauna and flora and much much more. At this price you can use it as your base for regular relaxing visits, move here for the clean, country lifestyle or rent it out at an excellent return.


With two new business enterprises ready to commence operations, the need for rental properties will be high. At present there is a shortage of houses to rent - so this property may be an excellent starter or addition to your rental portfolio. The rental yield should be 8.5% or higher. The rates, including levies, were just over $1,000 this year.

* 3 bedrooms (Wonderful sea views from two and even whilst you are showering).
* Lounge.
* Study.
* Newly renovated kitchen with brand new Chef gas stove/oven and deep, double bowl sink.
* Gas heater.
* Fridge, microwave, washing machine, dryer.
* Queen, double and single beds.
* New floor coverings.
* Gorgeous timber floorboards can be polished (they are under the carpets at present).
* Internal storage room.
* Satellite NBN infrastructure installed and ready for immediate connection.
* Connected to the town water and sewage systems.
* Huge usable block (over a quarter of an acre or 1159 sq m).
* Mature hedges.
* Raised veggie gardens and composting area.
* Tank available for gardening activities.
* Fruit trees including berries, pear, figs, lemon and apricot.
* Fully furnished right down to your cutlery and linen.

This could be your affordable sea and country change all rolled into one. You can just arrive, swing past the local supermarkets to pick up some groceries, and know that everything else is ready for you to enjoy a wonderful week or weekend of golfing, fishing, fine dining, exploring and making friends with the lovely King Islanders.

Phone enquiry code for this property: 8981

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Property History for 7 Waratah St, Grassy, TAS 7256

A timeline of how this property has performed in the market
Last Sold
$275,000
18 Nov 2021
  • 18 Nov 2021
    Sold for $275,000
  • 18 Feb 2019
    Sold for $185,000
  • 12 Nov 2018
    Listed for Sale Reduced to $198,000
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About Grassy 7256

The size of Grassy is approximately 14.5 square kilometres. It has 6 parks covering nearly 15.2% of total area. The population of Grassy in 2011 was 279 people. By 2016 the population was 145 showing a population decline of 48.0% in the area during that time. The predominant age group in Grassy is 60-69 years. Households in Grassy are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Grassy work in a labourer occupation. In 2011, 63.5% of the homes in Grassy were owner-occupied compared with 62.5% in 2016.

Grassy has 171 properties. Over the last 5 years, Houses in Grassy have seen a 48.03% increase in median value. As at 30 September 2024:

  • The median value for Houses in Grassy is $270,736 while the median value for Units is $263,201.
There are currently 13 properties listed for sale, and no properties listed for rent in Grassy on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Grassy.

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