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Sold on 15 May 2024 for $526,550

2/9 Burns Street
Invermay TAS 7248

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Land area: 354m2
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Property Details for 2/9 Burns St, Invermay

2/9 Burns St, Invermay is a 2 bedroom, 2 bathroom House and was built in 1958. The property has a land size of 354m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom House sold in Invermay in the last 12 months.

Building Type
House
Year Built
1958
Land Size
354m2
Local Government
Launceston

Last Listing description (September 2024)

Step into the allure of this cottage-style home, housing two fully-furnished one-bedroom units, with a blend of classic floorboards, updated kitchens, and bathrooms, all bathed in natural light.

Positioned at a coveted corner, this property offers off-street parking, ensuring convenience in your daily routine. The location is a dream ? just a stone's throw away from the City, University, Inveresk Precinct, UTAS Stadium, Heritage Forest and local Primary Schools.

Unlock the investment potential as both units are currently tenanted with long-term leases, ensuring a steady income stream. This property presents a hassle-free opportunity to secure your financial future through dual rental income.

These contemporary living spaces align urban connectivity with the tranquility of home. Don't miss out on this dynamic investment opportunity where modern living meets long-term financial stability.

Council Rates approx. $1600
Water Rates approx. $1200

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Property History for 2/9 Burns St, Invermay, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$526,550
15 May 2024
Listed for Rent
$379/w
07 Jul 2022
  • 15 May 2024
    Sold for $526,550
  • 06 Dec 2023
    Listed for Sale Offers Over $549,000
  • 08 Apr 2021
    Listed for Rent - Price not available
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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 2,054 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 15 properties listed for sale, and 5 properties listed for rent in Invermay on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Invermay.

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