OFF MARKET

11-13 Karachi Street
Midway Point TAS 7171

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 690m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 16 Dec 2024
Low

High
Save

Property Details for 11-13 Karachi St, Midway Point

11-13 Karachi St, Midway Point is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 690m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in July 1991.

Building Type
Unit
Year Built
1990
Floor Size
75m2
Land Size
690m2
Local Government
Sorell

Last Listing description (April 2018)

First time buyers and retirees will love the value these neat, tidy, low maintenance and level units represent. Investors too can reap the high yielding, low vacancy rewards on offer in these two strata titled units to be sold separately or together.
Maintaining 100% occupancy for over 16 years, they are currently leased until August 2018 at $290 per week to long term tenants. This provides a healthy no fuss 6% gross return for your portfolio or self managed super fund. They are currently self managed, however our rental team have appraised the rents higher in the current market at between $300 to $320 per week.

These solid, well built brick, tile, and aluminium window-framed units have been efficiently designed, and positioned to take advantage of the outlooks across the water towards Pitt Water Reserve, Barilla Bay and Mount Wellington.
Each comprising a carport, 2 bedrooms, 1 bath room, separate laundry and toilet - and contemporary open plan kitchen, dining and lounge room - the comfortable homes are light, bright, and airy.
Set on good sized fully fenced, sunny strata blocks of approximately 244m2 there is room for pets, or kids to play happily, or to nurture a productive veggie patch or pretty floral garden.
Midway Point is only 20 minutes drive to Hobart CBD, 7 minutes to the airport, 8 minutes to large retail and services hubs at Sorell or Cambridge, and it forms the gateway to all the wonderful adventure awaiting you up the East Coast or Tasman Peninsular.
All the boxes are ticked for a perfect first home, retiree's haven, or sound investment that will just keep on giving - move quickly on these!
? Perfect high yielding growth investment with great water outlooks
? Neat, tidy and level, with contemporary floor plan
? Low maintenance brick, tile, and aluminium window frame construction
? Single carport, fully fenced private and sunny yards
? Leased for $290/week (6% gross yield) until August 2018
? Close to popular Cambridge school nine minutes drive away
? Eight minutes drive to major retail hubs, twenty minutes to Hobart

Property History for 11-13 Karachi St, Midway Point, TAS 7171

A timeline of how this property has performed in the market
Last Sold
$275,000
12 Jul 1991
  • 21 Feb 2018
    Listed for Sale Offers Over $245,000
  • 12 Jul 1991
    Sold for $275,000

Commute Calculator

About Midway Point 7171

The size of Midway Point is approximately 2.1 square kilometres. It has 6 parks covering nearly 19.4% of total area. The population of Midway Point in 2011 was 2,599 people. By 2016 the population was 2,849 showing a population growth of 9.6% in the area during that time. The predominant age group in Midway Point is 30-39 years. Households in Midway Point are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Midway Point work in a clerical occupation. In 2011, 74.7% of the homes in Midway Point were owner-occupied compared with 72.7% in 2016.

Midway Point has NaN properties. Over the last 5 years, Houses in Midway Point have seen a 51.46% increase in median value, while Units have seen a 57.72% increase. As at 30 November 2024:

  • The median value for Houses in Midway Point is $621,208 while the median value for Units is $489,944.
  • Houses have a median rent of $545 while Units have a median rent of $460.
There are currently no properties listed for sale, and no properties listed for rent in Midway point on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Midway point.

Suburb Insights for Midway Point 7171

Market Insights
Midway Point Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Midway Point Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.