SOLD
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Sold on 23 Aug 2024 for $397,000

42 Dry Street
Invermay TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 95m2
Land area: 223m2
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Property Details for 42 Dry St, Invermay

42 Dry St, Invermay is a 2 bedroom, 1 bathroom House. The property has a land size of 223m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom House sold in Invermay in the last 12 months.

Building Type
House
Floor Size
95m2
Land Size
223m2
Local Government
Launceston
Lot/Plan
1/55260

Last Listing description (August 2024)

This circa 1900 cottage in Invermay is a reflection of its era and retains many original features. It is one of a row of three single storey terrace cottages and has 2 bedrooms and a separate living area, which could also be used as a third bedroom. The home is kept comfortable year-round with a heat pump, while the good-sized kitchen is equipped with a dishwasher for modern convenience. Both the separate laundry and the bathroom are quite large, offering ample space and functionality.

The property was reroofed with Colorbond 4-5 years ago, and the rear of the property has gutter guards fitted, while the fully fenced, low-maintenance rear yard provides a private outdoor space.

Located within walking distance to the CBD, Inveresk Precinct, University, UTAS Stadium, and Seaport, this property is ideally positioned.

It's an excellent investment opportunity close to the University or a perfect entry into the market for first home buyers.

Council Rates approx. $1500 p.a.
Water Rates approx. $1100 p.a.

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Property History for 42 Dry St, Invermay, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$397,000
23 Aug 2024
Listed for Rent
$360/w
21 Apr 2022
  • 01 Aug 2024
    Sold for $397,000
  • 25 Jul 2024
    Listed for Sale Offers Over $399,000
  • 21 Apr 2022
    Listed for Rent $360 / week
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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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