OFF MARKET

3/14 Plumer Street
Mowbray TAS 7248

Bedrooms: 6
Bathrooms: 2
Car spaces: 4
Floor area: 119m2
Land area: 293m2
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Last updated 11 Nov 2024
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Property Details for 3/14 Plumer St, Mowbray

3/14 Plumer St, Mowbray is a 6 bedroom, 2 bathroom Townhouse with 4 parking spaces and was built in 2002. The property has a land size of 293m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Townhouse
Year Built
2002
Floor Size
119m2
Land Size
293m2
Local Government
Launceston
Lot/Plan
3/138322

Last Listing description (January 2023)

Perfectly positioned within a few minute's-walk to The Australian Maritime College, the Mowbray Shopping Precinct and 10 minutes from the CBD, this 7 room Townhouse delivers awesome value for the investor.
This property is fully tenanted with a 21-year history of excellent occupancy and great returns. Now is your opportunity to either manage the property yourself or continue to have it managed and reap the rewards.
Highly regarded as primarily Maritime College mature student accommodation, as the college continues to expand and plans for the UTAS Campus will provide even more demand, this purpose-built property will continue to be sought-after.

Currently providing an 8.3% to 8.8% gross return (based on a gross income of $52,664.33), you can enjoy the substantial return and potential capital growth with a strategy underway to further increase your return.
Offering 3 bedrooms, 1 bathroom downstairs and 3 bedrooms, 1 bathroom upstairs, this property is for sale with most of the chattels including beds, desks, chairs, white goods, couches, tables, and most kitchen appliances, crockery, cutlery and cooking essentials.
This is basically a walk-in, walk-out opportunity.
A large heatpump is ducted throughout the property and the sunny aspect adds to the overall attraction of this well-built townhouse.
A table of all costs vs income is available upon request together with all tenancy agreements.
If you are a savvy investor looking to expand your portfolio, this is a no-brainer. Please enquire now for a personal inspection.

Disclaimer:
One Agency Launceston has obtained the information on this property from what we believe are reliable sources and have no reason to doubt its accuracy however we cannot guarantee its exactness. Prospective purchasers are advised to execute their own enquiries.

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Property History for 3/14 Plumer St, Mowbray, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$520,000
22 Dec 2022
Listed for Rent
$199/w
03 Nov 2023
  • 22 Dec 2022
    Sold for $520,000
  • 15 Sep 2022
    Listed for Sale Offers over $539,000
  • 21 Nov 2021
    Listed for Rent $600 / week
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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 1,881 properties. Over the last 5 years, Houses in Mowbray have seen a 56.76% increase in median value, while Units have seen a 60.35% increase. As at 31 October 2024:

  • The median value for Houses in Mowbray is $428,503 while the median value for Units is $350,006.
  • Houses have a median rent of $445 while Units have a median rent of $400.
There are currently 21 properties listed for sale, and 1 property listed for rent in Mowbray on OnTheHouse. According to CoreLogic's data, 96 properties were sold in the past 12 months in Mowbray.

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