7 Mark StreetHillcrest TAS 7320
Property Details for 7 Mark St, Hillcrest
7 Mark St, Hillcrest is a 5 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1996. The property has a land size of 819m2 and floor size of 186m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (January 2022)
Have you been looking for an investment property with the potential to increase on the investment in the future? Looking for a property to beautify without the immediate need to? Want a property in a quiet location? Great neighbours? Amazing Views? Well if you're still reading then we have definitely got the property for you!
We have these neatly presented units for sale currently on 1 title available for you. Both are currently leased to long Term Tenants who both wish to remain in the premises should you wish to retain their tenancies.
As below there is a 3 bedroom unit and a 2 bedroom unit. They are original in presentation yet very neat. Potentially you could renovate both units and bring them into the modern era and put through a strata title plan thus improving your investment significantly.
Should you wish you could at the end of the leases move into one of the units and continue to lease the other one?
Unit 1 - Leased Since February 2019 with Lease Expiring February 2022
Current Rent: $195 per Week
This Unit has 3 bedrooms, 1 bathroom and single garage with external access
Unit 2 - Leased Since February 2014 with Lease Expiring March 2022
Current Rent: $190 per Week
This Unit has 2 bedrooms, 1 bathroom and single garage with external access
I look forward to introducing you to these great units and your next investment!
As the units are both leased we will need to give the tenants notice prior to any inspections. So please consider this when requesting inspections.
Property has not had Strata Title conducted so must be sold as one title.
Fun Facts:
Water Rates: $430 per Quarter
Council Rates: $2,530 per Year
Land Size: 819m2 approx.
Property History for 7 Mark St, Hillcrest, TAS 7320
- 11 Nov 2021Sold for $435,777
- 27 Oct 2021Listed for Sale Offers Over $420,000
- 11 Apr 2008Sold for $282,500
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About Hillcrest 7320
The size of Hillcrest is approximately 0.7 square kilometres. It has 3 parks covering nearly 2.9% of total area. The population of Hillcrest in 2011 was 1,077 people. By 2016 the population was 1,057 showing a population decline of 1.9% in the area during that time. The predominant age group in Hillcrest is 20-29 years. Households in Hillcrest are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Hillcrest work in a labourer occupation. In 2011, 56.1% of the homes in Hillcrest were owner-occupied compared with 56.8% in 2016.
Hillcrest has 535 properties. Over the last 5 years, Houses in Hillcrest have seen a 87.94% increase in median value, while Units have seen a 77.77% increase. As at 31 October 2024:
- The median value for Houses in Hillcrest is $389,457 while the median value for Units is $342,124.
- Houses have a median rent of $370 while Units have a median rent of $170.
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