1 Eddington CrescentInvermay TAS 7248
Property Details for 1 Eddington Cres, Invermay
1 Eddington Cres, Invermay is a 3 bedroom, 3 bathroom House with 3 parking spaces and was built in 1930. The property has a land size of 495m2 and floor size of 137m2. While the property is not currently for sale or for rent, it was last sold in October 2017.
Last Listing description (March 2021)
Not far from the University and on reliable bus route, this large home has been split into 3 flats. All units offer their own private entrance and there is enough parking for several cars at the rear.
The owner has just gone to considerable expense re-furbishing unit 2 and it is now finished and ready for a new tenant. New rental estimate is approx $130 p.w (was $115 p.w).
Unit 1 rents for $155p.w, unit 2 rents for $135p.w and unit 3 rents for $110 p.w . an approx return of $400 p.w is possible here. If you do the math, that's not bad at all.
The remaining two units could do with an update but with one out of the way there is plenty of upside left in this house yet.
This location offers easy access to shops and other amenities and is only 1.8km from the University of Tasmania Invermay Campus. So if you are looking for an investment that makes sense and has a great return, give me a call today to arrange an inspection.
Property History for 1 Eddington Cres, Invermay, TAS 7248
- 08 Oct 2017Sold for $230,000
- 23 Apr 2015Listed for Sale $249,000
- 31 Oct 2013Listed for Sale Not Disclosed
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0About Invermay 7248
The size of Invermay is approximately 4.1 square kilometres. It has 9 parks covering nearly 21.5% of total area. The population of Invermay in 2011 was 3,086 people. By 2016 the population was 3,049 showing a population decline of 1.2% in the area during that time. The predominant age group in Invermay is 20-29 years. Households in Invermay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Invermay work in a professional occupation. In 2011, 48.4% of the homes in Invermay were owner-occupied compared with 44% in 2016.
Invermay has 2,051 properties. Over the last 5 years, Houses in Invermay have seen a 58.03% increase in median value, while Units have seen a 46.49% increase. As at 31 October 2024:
- The median value for Houses in Invermay is $481,704 while the median value for Units is $469,721.
- Houses have a median rent of $450 while Units have a median rent of $445.
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