OFF MARKET

16 Verdun Street
Mowbray TAS 7248

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 102m2
Land area: 769m2
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Property Details for 16 Verdun St, Mowbray

16 Verdun St, Mowbray is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1944. The property has a land size of 769m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
House
Year Built
1944
Floor Size
102m2
Land Size
769m2
Local Government
Launceston
Lot/Plan
24/55655

Last Listing description (August 2023)

This property boasts 3 bedrooms, 1 bathroom, large living area and a open plan kitchen & dining. What makes this property unique is that it offers a generous land size with the potential for subdivision or development (Subject To Council Approval). With the added benefit of the potential to build multiple units with neighbouring properties (STCA), this investment opportunity presents endless possibilities for the savvy investor.

Furthermore, the agent holds the relevant information regarding the additional development potential of this property, providing invaluable insight to maximize the potential of this exceptional investment opportunity.

The location of this property is second to none, offering easy access to local amenities such as shopping centres, schools, and public transport. This, coupled with the potential of a high rental yield and excellent capital growth potential, makes this property an ideal investment or development opportunity.

Features:
- Wide hallway and high ceilings
- Open plan updated kitchen/dining/living
- Three large double bedrooms
- Generous bathroom with separate shower
- Convenience of reverse cycle air conditioning ( two units)
- Space for the caravan, boat or trailer
- Huge workshop/garage & plenty of off-street parking
- Close to private & public schools, shops, eateries, supermarkets and all city conveniences
- A short walk to Mowbray Shopping Centre
- 7 Minutes' drive to Launceston's CBD

Contact Kyle Barrett or Riley Turner for more information today.

Land Size: 766m2 (approx)
Build Size: 99m2 (approx)
Year Built: 1944

We have in preparing this listing used our best endeavours to ensure the information is true & accurate. Prospective purchasers are advised to carry out their own investigations.

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Property History for 16 Verdun St, Mowbray, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$466,000
04 Jul 2023
  • 04 Jul 2023
    Sold for $466,000
  • 09 Jan 2023
    Listed for Sale Best Offer Over $435,000
  • 17 Jan 2013
    Sold for $170,000
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About Mowbray 7248

The size of Mowbray is approximately 9.4 square kilometres. It has 12 parks covering nearly 15.5% of total area. The population of Mowbray in 2011 was 3,751 people. By 2016 the population was 3,747 showing a population decline of 0.1% in the area during that time. The predominant age group in Mowbray is 20-29 years. Households in Mowbray are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mowbray work in a labourer occupation. In 2011, 51.6% of the homes in Mowbray were owner-occupied compared with 47.9% in 2016.

Mowbray has 1,896 properties. Over the last 5 years, Houses in Mowbray have seen a 64.64% increase in median value, while Units have seen a 70.13% increase. As at 31 August 2024:

  • The median value for Houses in Mowbray is $433,603 while the median value for Units is $365,266.
  • Houses have a median rent of $440 while Units have a median rent of $393.
There are currently 22 properties listed for sale, and 4 properties listed for rent in Mowbray on OnTheHouse. According to CoreLogic's data, 83 properties were sold in the past 12 months in Mowbray.

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