OFF MARKET

39 Penna Road
Midway Point TAS 7171

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 101m2
Land area: 551m2
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Last updated 16 Dec 2024
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Property Details for 39 Penna Rd, Midway Point

39 Penna Rd, Midway Point is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 551m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in November 2015.

Building Type
Unit
Year Built
2000
Floor Size
101m2
Land Size
551m2
Local Government
Sorell
Lot/Plan
1/129355

Last Listing description (November 2015)

Attention investors, 3 units on 1 block featuring two 2 bedroom units which are open plan self contained and a separate bed-sit unit.
There is ample off street parking at the rear of the property with 2 of the units having been recently refurbished with new paint and carpets. The other unit is also in good condition.
Only 3 minutes walk to the local shop and 15 minutes drive to the City.

To complete this property 2 of the units have panoramic water views over Pittwater.
This is an ideal long term investment with the 3 units returning $510 per week combined.
Please note that all units are on 1 Title not Stratum Title.

Property History for 39 Penna Rd, Midway Point, TAS 7171

A timeline of how this property has performed in the market
Last Sold
$370,000
10 Nov 2015
Listed for Rent
$200/w
26 Feb 2013
  • 10 Nov 2015
    Sold for $370,000
  • 31 Aug 2015
    Listed for Sale $395,000
  • 30 Jan 2013
    Listed for Rent - Price not available
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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 1,744 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 12 properties listed for sale, and 1 property listed for rent in Midway point on OnTheHouse. According to CoreLogic's data, 67 properties were sold in the past 12 months in Midway point.

Suburb Insights for Midway Point 7171

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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.