OFF MARKET

5 Howard Street
Invermay TAS 7248

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Floor area: 62m2
Land area: 372m2
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Property Details for 5 Howard St, Invermay

5 Howard St, Invermay is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1945. The property has a land size of 372m2 and floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in August 2020.

Building Type
Unit
Year Built
1945
Floor Size
62m2
Land Size
372m2
Local Government
Launceston
Lot/Plan
4/216637

Last Listing description (September 2020)

With the University of Tasmanias move to Invermay, properties within walking distance are in hot demand and 5 Howard Street presents another exciting opportunity for those looking for an affordable and profitable investment opportunity.

This property is split in to two co-joined flats. The front is a one bed, I bath and the back is 2 bed, 1 bath.

Location is the key being walking distance or short drive also to the Launceston CBD and with schools, shops, transport and all amenities close, this is an affordable and highly desirable rental accommodation for many in the market in Launceston.

There are currently two tenants living in both flats. The tenants share a driveway to shed/garage space. The front flat has a private front yard as does the back flat have a private back-yard, both flats have enjoyed kitchen and bathroom updates and cosmetic improvements to the rest of the properties.

Sure to be a popular opportunity!!!

Built: 1945

Land size: 372m2

Building Size: 126m2

Council Rates: Approx $2,200 pa

Water Rates: Approx $1,100 pa

Rental Estimate: Flat 1 - $240.00-$260.00 per week, Flat 2 - $280.00-$290.00 per week

Flanagan Residential provides this information from third parties as a convenience to you and recommends prospective purchasers carry out their own enquiries and seek legal advice with respect to the property information provided.

Property Code: 328

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Property History for 5 Howard St, Invermay, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$331,000
22 Aug 2020
  • 22 Aug 2020
    Sold for $331,000
  • 10 Aug 2020
    Listed for Sale Offers Over $299,000
  • 17 May 2017
    Listed for Sale $235,000 - $255,000
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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 2,058 properties. Over the last 5 years, Houses in Invermay have seen a 64.54% increase in median value, while Units have seen a 50.80% increase. As at 31 August 2024:

  • The median value for Houses in Invermay is $493,528 while the median value for Units is $465,888.
  • Houses have a median rent of $450 while Units have a median rent of $440.
There are currently 16 properties listed for sale, and 6 properties listed for rent in Invermay on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Invermay.

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