OFF MARKET

5/48 Montrose Road
Montrose TAS 7010

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
Land area: 74m2
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Last updated 11 Nov 2024
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Property Details for 5/48 Montrose Rd, Montrose

5/48 Montrose Rd, Montrose is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1976. The property has a land size of 74m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in December 2014.

Building Type
Unit
Year Built
1976
Floor Size
58m2
Land Size
74m2
Local Government
Glenorchy
Lot/Plan
5/57687

Last Listing description (December 2014)

Potential for 7.7% gross return
The owner has undergone a very nice transformation. Fitting a modern kitchen with ample working surfaces and cupboard spaces, this neat open plan unit is either an IDEAL INVESTMENT which could see a 7% gross return. The unit features 2 bedrooms, nice carpeting, quality fittings,ample off-street parking, small complex within easy travelling to the City of Glenorchy, bus transport close by, doctors at the end of the road, chemists, awesome bakery too!
Additional feature/s - Property Type: Unit Construction: Brick veneer Roof: (Decking).

Property History for 5/48 Montrose Rd, Montrose, TAS 7010

A timeline of how this property has performed in the market
Last Sold
$130,000
04 Dec 2014
Listed for Rent
$195/w
09 May 2014
  • 04 Dec 2014
    Sold for $130,000
  • 08 Apr 2014
    Listed for Rent $195 / week
  • 27 Dec 2013
    Listed for Sale O/O $133,000
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About Montrose 7010

The size of Montrose is approximately 2.9 square kilometres. It has 6 parks covering nearly 2.2% of total area. The population of Montrose in 2011 was 2,002 people. By 2016 the population was 2,168 showing a population growth of 8.3% in the area during that time. The predominant age group in Montrose is 50-59 years. Households in Montrose are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Montrose work in a clerical occupation. In 2011, 71.8% of the homes in Montrose were owner-occupied compared with 70.8% in 2016.

Montrose has 1,113 properties. Over the last 5 years, Houses in Montrose have seen a 44.21% increase in median value, while Units have seen a 50.94% increase. As at 31 October 2024:

  • The median value for Houses in Montrose is $593,508 while the median value for Units is $443,958.
  • Houses have a median rent of $500 while Units have a median rent of $430.
There are currently 5 properties listed for sale, and no properties listed for rent in Montrose on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Montrose.

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