138-140 Hobart RoadKings Meadows TAS 7249
Property Details for 138-140 Hobart Rd, Kings Meadows
Last Listing description (November 2014)
High Profile Corner Site - Freehold Only
This property has 3 commercial shops (2 currently under lease) with 3 residential tenancies (all tenanted) with a large area of land for future development. It is located diagonally opposite McDonalds on a controlled traffic light intersection on 2685m2. This is an ideal investment for the astute long term investor with the potential for further development with the large car park at the rear for current customer access allowing future redevelopment of this prominent corner site with an existing cash flow.
A sale report is available upon request.
Property History for 138-140 Hobart Rd, Kings Meadows, TAS 7249
- 08 Dec 2014Sold for $596,296
- 18 Sep 2014Listed for Sale EXPRESSIONS OF INTEREST
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About Kings Meadows 7249
The size of Kings Meadows is approximately 5 square kilometres. It has 8 parks covering nearly 20.2% of total area. The population of Kings Meadows in 2011 was 3,371 people. By 2016 the population was 3,684 showing a population growth of 9.3% in the area during that time. The predominant age group in Kings Meadows is 20-29 years. Households in Kings Meadows are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kings Meadows work in a professional occupation. In 2011, 63.9% of the homes in Kings Meadows were owner-occupied compared with 64.6% in 2016.
Kings Meadows has 2,308 properties. Over the last 5 years, Houses in Kings Meadows have seen a 59.52% increase in median value, while Units have seen a 56.27% increase. As at 31 October 2024:
- The median value for Houses in Kings Meadows is $513,988 while the median value for Units is $396,208.
- Houses have a median rent of $470 while Units have a median rent of $450.
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