216 Back River RoadNew Norfolk TAS 7140
Property Details for 216 Back River Rd, New Norfolk
216 Back River Rd, New Norfolk is a 4 bedroom, 1 bathroom House with 1 parking spaces and was built in 1967. The property has a land size of 666m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in June 2018.
Last Listing description (April 2018)
With a long term tenant in place (approx. 12 years) that is very keen to stay on long term and with a gross return in excess of 6.5%, this property is a ripper! The current lease has many months to run. This is a very solid investment! The tidy weatherboard home sits on a level block with good sheds, 3 bedrooms (with study / nursery off the main) and is a minutes' walk from the local primary school. The exterior was recently painted, it has a tile roof and aluminium windows - it presents very well from the street. Historically New Norfolk enjoys a very low vacancy rate and rental returns are excellent. Whether you're adding to your portfolio or starting out as an investor, this property represents great value.
Property History for 216 Back River Rd, New Norfolk, TAS 7140
- 13 Jun 2018Sold for $205,000
- 06 Dec 2017Listed for Sale Offers over $195000
- 03 Mar 1993Sold for $65,000
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0About New Norfolk 7140
The size of New Norfolk is approximately 18.5 square kilometres. It has 20 parks covering nearly 9.6% of total area. The population of New Norfolk in 2011 was 5,242 people. By 2016 the population was 5,431 showing a population growth of 3.6% in the area during that time. The predominant age group in New Norfolk is 50-59 years. Households in New Norfolk are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in New Norfolk work in a labourer occupation. In 2011, 65.3% of the homes in New Norfolk were owner-occupied compared with 62.9% in 2016.
New Norfolk has 3,111 properties. Over the last 5 years, Houses in New Norfolk have seen a 66.07% increase in median value, while Units have seen a 91.66% increase. As at 31 October 2024:
- The median value for Houses in New Norfolk is $468,469 while the median value for Units is $453,449.
- Houses have a median rent of $450 while Units have a median rent of $370.
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