12 Dunning StreetInvermay TAS 7248
Property Details for 12 Dunning St, Invermay
12 Dunning St, Invermay is a 3 bedroom, 1 bathroom House and was built in 1880. The property has a land size of 515m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Last Listing description (June 2024)
Introducing "Corinda" at 12 Dunning Street, Invermay - an 1880-built cottage blending vintage charm with modern updates. Strategically situated for unparalleled convenience, this property is a valuable investment opportunity.
Key Features:
- Built in 1880, this three-bedroom cottage seamlessly merges vintage character with modern updates.
- Proximity to Invermay Primary School enhances accessibility for families.
- Property includes three bedrooms, a cozy living area with a reverse cycle heat pump, a kitchen flowing into a dining space, and a combined bathroom and laundry area.
- Fully fenced backyard with paved outdoor entertainment zone, ideal for gatherings.
- Additional storage available in the outdoor area next to the single garage.
Investment Highlights:
- Prime investment prospect with long-term tenants secured until February 2024.
- Rental income of $400 per week, offering a lucrative opportunity for portfolio expansion.
- Ideal entry point into the property market for first-time buyers.
Property Details:
- Launceston City Council Rates: Approximately $1488 per annum
- Tas Water: Approximately $880 per annum plus usage
- House Size: Approximately 85m2 (excluding garage and shed)
- Block Size: Approximately 515m2
- Leased until 29th February 2024 at $400 per week
Act now and seize this excellent investment opportunity! Contact us today for more information and to explore the potential this property offers.
Property History for 12 Dunning St, Invermay, TAS 7248
- 30 May 2024Listed for Rent $450 / week
- 23 Aug 2023Listed for Sale Not Disclosed
- 10 Aug 2021Sold for $420,000
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About 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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