OFF MARKET

16 Albion Street
Invermay TAS 7248

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 280m2
Land area: 958m2
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Property Details for 16 Albion St, Invermay

16 Albion St, Invermay is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1900. The property has a land size of 958m2 and floor size of 280m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
House
Year Built
1900
Floor Size
280m2
Land Size
958m2
Local Government
Launceston
Lot/Plan
2/62848

Last Listing description (July 2022)

Located on the 'Paris' side of Invermay Road and set amongst charming cottages and homes, "Inverleigh" at 16 Albion Street, Invermay (c1900) presents as a wonderful opportunity for purchasers to continue with the restoration and improvement of one of only a handful of double storey homes in the suburb.

With commanding street presence, this once grand home longs for new owners to continue the downstairs renovation with a flexible floorplan and simply charming features to work with. Enter the wide hallway to soaring ceilings, fabulous polished floorboards, incredibly ornate ceiling roses, decorative and original fireplaces and generously sized rooms. A large, open plan space has been created at the rear of the home and provides a terrific opportunity to design a fabulous living space and kitchen that could open to the sunny rear yard.

Much of the hard work has been completed with under floor ventilation to assist with airflow beneath the home, insulation in the ceiling, external walls and some flooring as well as the utilisation of recycled old growth forest timber.

A majestic timber staircase leads to the renovated upper level with four roomy bedrooms, all enjoying expansive, elevated views. Along with a modern bathroom with freestanding claw foot bath, walk-in shower and separate toilet, a laundry and kitchen/dining space has also been accommodated upstairs.

Positioned on a large 970m2 (approx.) block there are fittingly old historic sheds now in poor condition but once original horse stables and there is good off street parking for at least five vehicles.

Conveniently located in a quiet, leafy street, close to the local park and leisurely stroll to Heritage Forest, UTAS Stadium, the iconic Star Theatre and local eateries and retail stores. Only a few minutes' walk to the nearby supermarket, medical centre and vet surgery and easy walk to local primary schools and the Inveresk Precinct which houses the Museum along with the current and future University campuses. Even walk to town in under thirty minutes!

Eagerly awaiting a transformation with potential galore, if you are looking for a restoration project, please call me today to arrange an inspection - I look forward to showing you through.

Council Rates: Approximately $2000 per year
Water Rates: Approximately $1040 per year plus usage

Property History for 16 Albion St, Invermay, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$675,000
27 Jan 2022
  • 27 Jan 2022
    Sold for $675,000
  • 03 Dec 2021
    Listed for Sale Offers over $599,000
  • 26 Jun 2011
    Sold for $370,000
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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.
There are currently 16 properties listed for sale, and 5 properties listed for rent in Invermay on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Invermay.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.