OFF MARKET

56 Penna Road
Midway Point TAS 7171

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 87m2
Land area: 764m2
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Last updated 16 Dec 2024
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Property Details for 56 Penna Rd, Midway Point

56 Penna Rd, Midway Point is a 3 bedroom, 1 bathroom House and was built in 1961. The property has a land size of 764m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in May 2020.

Building Type
House
Year Built
1961
Floor Size
87m2
Land Size
764m2
Local Government
Sorell
Lot/Plan
49/63199

Last Listing description (December 2024)

Are you searching for an investment property that offers breath taking views, convenient location, and endless potential? Look no further! We are thrilled to present a remarkable 3-bedroom, 1-bathroom home situated on a spacious block of land, overlooking the mesmerising waterfront with stunning mountain views.
This property is currently leased for 6 months @ $500.00 a week.

Location is key, and this property has it all. Just a short 5-minute drive from the Hobart Airport, you'll enjoy the ease of travel for both business and leisure. Furthermore, the bustling CBD is only a short 15-minute drive away, allowing you to indulge in the vibrant city life while still relishing in the tranquillity of your own slice of paradise.

One of the most exciting aspects of this property is the potential for strata title subdivision, subject to council approval. This means you have the opportunity to maximize its value and explore various development options, making it an enticing prospect for investors and those looking to capitalize on the property's potential.

Offering stunning sunsets over majestic Mt. Wellington. This natural spectacle will be a daily reminder of the beauty that surrounds you in this thriving suburb of Midway Point. With a booming development scene, the area is set to flourish, providing excellent prospects for growth and capital appreciation.

Don't miss out on this incredible opportunity! Properties of this caliber and affordability are in high demand and rarely stay on the market for long. It's priced to sell, so act swiftly to secure your piece of this remarkable Midway Point gem.

To schedule a viewing or obtain more information, please contact us today. We are eagerly awaiting your call and look forward to assisting you in making this dream property yours.

- 15 Mins Drive to Hobart CBD
- 5 Mins drive to Hobart Airport
- Water & Mt Wellington views
- Potential to Strata Title STCA
- Currently leased @ $500 a week for 6 months

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Property History for 56 Penna Rd, Midway Point, TAS 7171

A timeline of how this property has performed in the market
Last Sold
$380,000
12 May 2020
Listed for Rent
$380/w
28 Jul 2020
  • 30 Jun 2023
    Listed for Sale Offers Over $485,000
  • 13 Jul 2020
    Listed for Rent $380 / week
  • 23 Jun 2020
    Listed for Sale Offers Over $380,000
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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.

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