OFF MARKET

20 Rees Street
Invermay TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 112m2
Land area: 477m2
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Property Details for 20 Rees St, Invermay

20 Rees St, Invermay is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1925. The property has a land size of 477m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
House
Year Built
1925
Floor Size
112m2
Land Size
477m2
Local Government
Launceston
Lot/Plan
1/45440

Last Listing description (November 2021)

Looking for a good return with little maintenance?

Located in the heart of lnvermay close to all amenities, sits this secure weatherboard cottage.

Currently configured in a 2-bedroom house returning $300 per week with a new tenant moving in shortly on a 12-month lease, plus a garage with separately metered power at $150 per week with an excellent tenant in place.

Rates are $1364 and water $1052 annually, thus a gross return of approximately 6%

Viewings by private inspection.

M Boutique Real Estate has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however, we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 20 Rees St, Invermay, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$382,000
27 Oct 2021
  • 27 Oct 2021
    Sold for $382,000
  • 31 Aug 2021
    Listed for Sale Best offer over $379,000
  • 17 Sep 2019
    Sold for $242,000
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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 2,054 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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