OFF MARKET

68 Village Drive
Kingston TAS 7050

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 103m2
Land area: 284m2
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Last updated 11 Nov 2024
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Property Details for 68 Village Dr, Kingston

68 Village Dr, Kingston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 284m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in August 2017.

Building Type
Unit
Year Built
2012
Floor Size
103m2
Land Size
284m2
Local Government
Kingborough
Lot/Plan
1/165376

Last Listing description (May 2020)

68 Village Drive is a unit in a retirement village where the residents must be 50 years of age. Investors can buy even if they are under 50! This property is leased to a community housing organisation until the 31st May 2022. It shows good returns and has been managed since 2012 when it was first built. If you are a property investor, this is a rare offering and deserves your serious consideration. We have been told that Community Housing Ltd wants to retain management after 2022. Makes it a good arrangement for investors.

Property History for 68 Village Dr, Kingston, TAS 7050

A timeline of how this property has performed in the market
Last Sold
$2,750,000
09 Aug 2017
  • 13 Dec 2019
    Listed for Sale Offers Over $340,000
  • 09 Aug 2017
    Sold for $2,750,000

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About Kingston 7050

The size of Kingston is approximately 37.3 square kilometres. It has 29 parks covering nearly 8.9% of total area. The population of Kingston in 2011 was 9,759 people. By 2016 the population was 10,400 showing a population growth of 6.6% in the area during that time. The predominant age group in Kingston is 0-9 years. Households in Kingston are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kingston work in a professional occupation. In 2011, 69.2% of the homes in Kingston were owner-occupied compared with 67.3% in 2016.

Kingston has 6,061 properties. Over the last 5 years, Houses in Kingston have seen a 43.57% increase in median value, while Units have seen a 44.06% increase. As at 31 October 2024:

  • The median value for Houses in Kingston is $727,543 while the median value for Units is $563,098.
  • Houses have a median rent of $595 while Units have a median rent of $495.
There are currently 30 properties listed for sale, and 8 properties listed for rent in Kingston on OnTheHouse. According to CoreLogic's data, 230 properties were sold in the past 12 months in Kingston.

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