OFF MARKET

1901 Lyell Highway
Lawitta TAS 7140

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Floor area: 128m2
Land area: 890m2
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Property Details for 1901 Lyell Hwy, Lawitta

1901 Lyell Hwy, Lawitta is a 4 bedroom, 2 bathroom Unit with 4 parking spaces and was built in 1950. The property has a land size of 890m2 and floor size of 128m2. While the property is not currently for sale or for rent, it was last sold in May 2017.

Building Type
Unit
Year Built
1950
Floor Size
128m2
Land Size
890m2
Local Government
Derwent Valley
Lot/Plan
1/29957

Last Listing description (July 2017)

This would have to be one of the best investment properties that has appeared on the market for sale. These 2 conjoined units produce a combined $410 per week rent for a fantastic yield of over 9%, what a return for your investment.
The units are almost a mirror image of each other. Both have 2 bedrooms, separate lounges and open plan kitchen dining rooms as well as their own private backyards.
Situated at Lawitta about 3kms to New Norfolk town centre and 35kms to Hobart.

Property History for 1901 Lyell Hwy, Lawitta, TAS 7140

A timeline of how this property has performed in the market
Last Sold
$220,000
16 May 2017
  • 16 May 2017
    Sold for $220,000
  • 12 Sep 2016
    Listed for Sale $229,000
  • 15 Jun 2004
    Sold for $145,000
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About Lawitta 7140

The size of Lawitta is approximately 3 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Lawitta in 2011 was 209 people. By 2016 the population was 238 showing a population growth of 13.9% in the area during that time. The predominant age group in Lawitta is 10-19 years. Households in Lawitta are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lawitta work in a community and personal service occupation. In 2011, 86.4% of the homes in Lawitta were owner-occupied compared with 81.3% in 2016..

Lawitta has 107 properties. Over the last 5 years, Houses in Lawitta have seen a 50.00% increase in median value. As at 30 November 2024:

  • The median value for Houses in Lawitta is $447,731 while the median value for Units is $480,708.
There are currently 2 properties listed for sale, and no properties listed for rent in Lawitta on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Lawitta.

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