531 Main RoadMontrose TAS 7010
Property Details for 531 Main Rd, Montrose
531 Main Rd, Montrose is a 12 bedroom, 12 bathroom House and was built in 1974. The property has a land size of 2307m2 and floor size of 583m2. While the property is not currently for sale or for rent, it was last sold in November 1993.
Last Listing description (January 2017)
A very unique opportunity to purchase 12x 1 Bedroom stratum title units, all currently tenanted and offering extraordinary returns that will certainly please the astute investor. This is really a brilliant investment with many options.
The location could not simply get more convenient being directly opposite an IGA store, bakery, pharmacy and doctors clinic and less than a couple of minutes drive or short easy level walk to the Northgate Shopping Centre. Adjacent to the units is Hobart's main bike track which stretches 12 kms from Hobart's CBD to Claremont. A short drive, bike ride or walk to the major tourist attraction MONA which also offers first class dining experiences and regular special events and concerts. The Claremont Golf Course is also a stones throw away as well as the Cadbury Chocolate factory.
All units are light, bright and spacious and unusual for 1 Br units have both front and back doors. Some have been modernized and are all very neat and tidy. The open plan living/dining area is very spacious and the bedroom is a fantastic size offering a built-in wardrobe. All level access making it perfect in the future for developments such as short term accommodation/holiday letting or motel style set up or simply perfect for persons with physical mobility concerns.
The opportunities are endless and with some imagination this could be a fantastic income earner for you. All low maintenance and an abundance of parking space. Set back from the main road on a large internal block, with potential building space for an administration office, recreation room, storeroom or for some other purpose. These private villas are an exceptional purchase for the next lucky owner.
For returns on the units and any further information please call Samantha Johnston or David Johnston today for more information
Property History for 531 Main Rd, Montrose, TAS 7010
- 03 Mar 2016Listed for Sale POA
- 16 Nov 1993Sold for $390,000
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0About 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 1,114 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.
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