OFF MARKET

32 Blair Street
New Norfolk TAS 7140

Bedrooms: 3
Bathrooms: 3
Car spaces: 3
Land area: 622m2
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Last updated 11 Nov 2024
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Property Details for 32 Blair St, New Norfolk

32 Blair St, New Norfolk is a 3 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 622m2.

Building Type
House
Land Size
622m2
Local Government
Derwent Valley

Last Listing description (April 2020)

32 Blair St New Norfolk

It is rare to find an investment that offers three tenancies on the one title. Built in 1958, 32 Blair St. in the ever popular village of New Norfolk is just such an opportunity.

The property consists of three one bedroom units, each with it's own unique layout. Unit one offers separate living and dining rooms, with views across New Norfolk. Unit two has open plan living and was painted and new carpet laid within the past five years. Unit three, which is downstairs, has just been freshly painted, recarpeted and has new window furnishings. This unit has two entrances. There is also an under-house laundry and storage area.

The units sit on a 622 square meter block and there is plenty of off-street parking. All three units are currently tenanted and together rent for $575 p/w giving an 8.5% gross return.
The area is popular with tenants as it is just 5 minutes walk to the New Norfolk town centre with shopping, medical and Government facilities. It is also close to schools and childcare. The town itself is just 25 minutes drive to Glenorchy or 35 minutes drive from the Hobart CBD.

This unique property will appeal to savvy investors looking for a good return and potential to improve.

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Property History for 32 Blair St, New Norfolk, TAS 7140

A timeline of how this property has performed in the market
  • 25 Feb 2020
    Listed for Sale Sold

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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 3,112 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 8 properties listed for rent in New norfolk on OnTheHouse. According to CoreLogic's data, 119 properties were sold in the past 12 months in New norfolk.

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