OFF MARKET

8 Karachi Street
Midway Point TAS 7171

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 101m2
Land area: 731m2
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Property Details for 8 Karachi St, Midway Point

8 Karachi St, Midway Point is a 0 bedroom, 0 bathroom House and was built in 1959. The property has a land size of 731m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Year Built
1959
Floor Size
101m2
Land Size
731m2
Local Government
Sorell
Lot/Plan
64/54714

Last Listing description (May 2023)

Situated on a substantial allotment of approximately 731 square metres, this large block in the heart of Midway Point offers potential for a fantastic lifestyle, whilst also presenting an opportunity for the development of two townhouses, subject to the usual approvals.

The block sits in an elevated position overlooking the mouth of the Coal River, with northerly vistas towards Tasmania Golf Club and beyond to kunanyi/Mt Wellington.

Midway Point is conveniently located within a 20-minute drive of Hobart's CBD, and is only minutes from the major shopping precincts of Sorell and Cambridge, as well as Hobart Airport.

Property History for 8 Karachi St, Midway Point, TAS 7171

A timeline of how this property has performed in the market
Last Sold
$350,000
27 Mar 2023
Listed for Rent
$250/w
29 Aug 2012
  • 27 Mar 2023
    Sold for $350,000
  • 31 Mar 2022
    Listed for Sale $385,000
  • 08 Aug 2012
    Listed for Rent $250 / week
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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.