SOLD
Sold on 04 Mar 2024 for $180,000

29 Burnett Street
New Norfolk TAS 7140

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 60m2
Land area: 67m2
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Property Details for 29 Burnett St, New Norfolk

Building Type
Commercial
Floor Size
60m2
Land Size
67m2
Local Government
Derwent Valley
Lot/Plan
7/100479

Last Listing description (November 2023)

Knight Frank present to the market this ground floor strata-titled commercial unit in the heart of New Norfolk's commercial precinct.

The newly refurbished, well-presented property boasts good exposure to passing traffic and is in close proximity to established businesses such as Banjos, Subway, Salvation Army, Dunlop Service Centre and the Reject Shop.

The 67 sqm* tenancy benefits from a quality office fit-out and ample natural light.

Accommodation comprises a reception/waiting area with good window street frontage, hallway with kitchenette and server rack, 3 x good sized offices and shared amenities to the rear. There is also reverse cycle air conditioning installed.

Whilst the property has been utlised as office accommodation for many years, the property also appeals to other commercial uses, such as retail**.

*Approx
**STCA

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Property History for 29 Burnett St, New Norfolk, TAS 7140

A timeline of how this property has performed in the market
Last Sold
$180,000
04 Mar 2024
Listed for Rent
$17k/w
02 Nov 2023
  • 04 Mar 2024
    Sold for $180,000
  • 02 Nov 2023
    Listed for Sale Contact Agent
  • 02 Nov 2023
    Listed for Rent - Price not available
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About 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 3,114 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.
There are currently 54 properties listed for sale, and 9 properties listed for rent in New norfolk on OnTheHouse. According to CoreLogic's data, 118 properties were sold in the past 12 months in New norfolk.

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