SOLD
RECENT ADVICE
Sold on 29 Apr 2024 for $395,000

321 Back River Road
Magra TAS 7140

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 81m2
Land area: 1182m2
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Property Details for 321 Back River Rd, Magra

321 Back River Rd, Magra is a 2 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 1182m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom House sold in Magra in the last 12 months.

Building Type
House
Floor Size
81m2
Land Size
1182m2
Local Government
Derwent Valley
Lot/Plan
1/159973

Last Listing description (April 2024)

If you are looking for your next project this two-bedroom home presents as great value to expand and improve.
Either some significant repairs and maintenance or a major renovation will provide for a smart capital investment.
The large Colourbond shed has been internally framed, ready to be transformed into your special mancave, or even teenage retreat.

An added bonus is the property is Strata Titled with complete access from the driveway and on 1,182m2, large enough for a couple of units to be constructed, subject to council approval of course.
Only 4kms to New Norfolk town centre and 40kms to Hobart city.

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Property History for 321 Back River Rd, Magra, TAS 7140

A timeline of how this property has performed in the market
Last Sold
$395,000
29 Apr 2024
  • 29 Apr 2024
    Sold for $395,000
  • 29 Jan 2024
    Sold for $395,000
  • 22 Jan 2024
    Listed for Sale O/O $395,000
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About Magra 7140

The size of Magra is approximately 27.9 square kilometres. It has 4 parks covering nearly 34.2% of total area. The population of Magra in 2011 was 826 people. By 2016 the population was 714 showing a population decline of 13.6% in the area during that time. The predominant age group in Magra is 50-59 years. Households in Magra are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Magra work in a trades occupation. In 2011, 86.9% of the homes in Magra were owner-occupied compared with 93.7% in 2016.

Magra has 369 properties. Over the last 5 years, Houses in Magra have seen a 43.31% increase in median value, while Units have seen a 407.33% increase. As at 31 August 2024:

  • The median value for Houses in Magra is $530,927 while the median value for Units is $492,524.
There are currently 19 properties listed for sale, and no properties listed for rent in Magra on OnTheHouse. According to CoreLogic's data, 21 properties were sold in the past 12 months in Magra.

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Stephen Sutton
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