8 Conway StreetMowbray TAS 7248
Property Details for 8 Conway St, Mowbray
8 Conway St, Mowbray is a 3 bedroom, 1 bathroom House with 8 parking spaces. The property has a land size of 585m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom House sold in Mowbray in the last 12 months.
Last Listing description (October 2024)
Discover a unique investment opportunity in the heart of Mowbray with this versatile three-bedroom home. Centrally located, this property offers convenience and potential for both investors and homeowners. Featuring open-plan living, the space is modern and inviting, perfect for family life or entertaining. The property's standout feature is its dual income potential, with the ability to rent out both the residential dwelling and the garage separately as a workspace.
Purchasers can take advantage of commercial zoning and repurpose asset as investment suitable for small or medium sized business.
Situated just minutes from the Mowbray Shopping Centre and a mere five minutes from Launceston CBD, this home boasts a prime location. It's also close to the current UTAS University and its future relocation site, making it an appealing choice for renters. Currently tenanted, the residence provides immediate income, adding to its investment appeal. The property sits on approximately 585m² of land with a building size of around 101m², and was built in 1920. Managed by the Launceston local council, this home is not only a sound investment but also a rare find.
Existing dwelling has existing non-conforming use rights for residential application. Use can continue until such time as it ceases for a period of two years over a three year period.
Building Size: 101m2
Shed Size: 170m2
Council: Launceston
Zoning: Commercial
Residential Rent Estimate: $425/pw
Commercial Rent Estimate: $700-750/pw
Don't miss out on this incredible opportunity. For more information or to arrange a viewing, please contact Kyle Barrett today. Images of the internal shed are available upon request.
Disclaimer - 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
Property History for 8 Conway St, Mowbray, TAS 7248
- 22 Oct 2024Sold for $470,000
- 03 Jun 2024Listed for Sale Offers Over $499,000
- 14 Dec 2021Sold for $430,000
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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 1,897 properties. Over the last 5 years, Houses in Mowbray have seen a 60.92% increase in median value, while Units have seen a 65.20% increase. As at 30 November 2024:
- The median value for Houses in Mowbray is $428,488 while the median value for Units is $353,799.
- Houses have a median rent of $450 while Units have a median rent of $410.
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