OFF MARKET

5A Oswald Street
Invermay TAS 7248

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 74m2
Land area: 631m2
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Last updated 11 Nov 2024
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Property Details for 5a Oswald St, Invermay

5a Oswald St, Invermay is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1986. The property has a land size of 631m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in September 2017.

Building Type
Unit
Year Built
1986
Floor Size
74m2
Land Size
631m2
Local Government
Launceston
Lot/Plan
2/26996

Last Listing description (December 2017)

Welcome to 5A Oswald Street, 2x 2 bedroom units being sold as a combined package. With Invermay now becoming an investment hotspot, this property is well worth a look. Both units offer 2 bedrooms with generous living and dining spaces as well as an undercover carport parking and small courtyard space making this a very low maintenance investment proposition.
Both units are currently tenanted providing a combined return of $780 per fortnight with tenants in place until December 2017 and May 2018. Due to the property location there is a constant stream of tenants looking in the area.
There is also the possibility of Strata Titling these units subject to relevant approvals. This is one of those eye opening investment opportunities that doesnt come along every day.

For any further information or to view these properties(as the properties are tenanted 48 hours notice will need to be provided to tenants), please contact Jesse at Harrison Humphreys Real Estate.

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Property History for 5a Oswald St, Invermay, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$310,000
14 Sep 2017
Listed for Rent
$190/w
23 Sep 2015
  • 14 Sep 2017
    Sold for $310,000
  • 24 May 2017
    Listed for Sale $299,000-$319,000
  • 23 Sep 2015
    Listed for Rent $190 / 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 17 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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