1/2 Lumeah AvenueLenah Valley TAS 7008
Property Details for 1/2 Lumeah Ave, Lenah Valley
1/2 Lumeah Ave, Lenah Valley is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a floor size of 106m2.
Last Listing description (June 2013)
Income generating home in a popular residential area!
This recently renovated, well-lit, two storey property consists of a three bedroom home upstairs PLUS a two bedroom unit downstairs. This fantastic package is an excellent opportunity for those seeking to invest, or those seeking to enter the property market in a very popular residential area.
For the savvy investor this property represents excellent rental return on the investment - at least $580 per week.
Upstairs consists of 3 bedrooms with built in wardrobes, study, large kitchen and dining area, lounge room, bathroom, en-suite, laundry, balcony, indoor garden feature, and double lock up garage and storage below - with potential rental income of 350 per week.
The unit downstairs consists of 2 bedrooms with built in wardrobes, bathroom, laundry, open plan kitchen, dining and living area with off-street parking - currently tenanted - with a rental income of 230 per week.
Both upstairs and downstairs have a light, fresh feel, updated with modern neutral shades on interior walls, complimented with polished floors and carpeted areas.
Overlooking spectacular, urban, bushland and mountain views, this property is positioned to receive all day sun. The property is conveniently located in a quiet cul-de-sac 15 - 20 minutes from the CBD, close to public transport and only four doors from bushland that continues all the way to Mt Wellington.
An opportunity not to be missed!
Additional feature/s - balcony/patio/terrace.
Property History for 1/2 Lumeah Ave, Lenah Valley, TAS 7008
- 22 Jun 2013Listed for Sale 440000
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About Lenah Valley 7008
The size of Lenah Valley is approximately 8.4 square kilometres. It has 10 parks covering nearly 3.3% of total area. The population of Lenah Valley in 2011 was 5,852 people. By 2016 the population was 5,934 showing a population growth of 1.4% in the area during that time. The predominant age group in Lenah Valley is 40-49 years. Households in Lenah Valley are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lenah Valley work in a professional occupation. In 2011, 75.1% of the homes in Lenah Valley were owner-occupied compared with 74% in 2016.
Lenah Valley has 3,089 properties. Over the last 5 years, Houses in Lenah Valley have seen a 37.83% increase in median value, while Units have seen a 32.83% increase. As at 31 October 2024:
- The median value for Houses in Lenah Valley is $751,994 while the median value for Units is $535,979.
- Houses have a median rent of $595 while Units have a median rent of $450.
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