7 Derwent TerraceNew Norfolk TAS 7140
Property Details for 7 Derwent Tce, New Norfolk
7 Derwent Tce, New Norfolk is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1951. The property has a land size of 748m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in May 2011.
Last Listing description (May 2011)
PRICE REDUCTION - Smart Investment or Entry Into The Property Market
Great opportunity to get off the rental roundabout and into your first home. The house has been partially renovated with new carpets, freshly painted inside and out, new internal doors and blinds. Some work still needed but ready to move in. Investors can expect a possible projected rent of $240 - $250 per week which could be as high as 7% gross return.
Additional feature/s - Close to Schools.
Property History for 7 Derwent Tce, New Norfolk, TAS 7140
- 05 May 2011Sold for $150,000
- 12 Nov 2010Listed for Sale $155,000
- 29 Sep 2009Sold for $150,500
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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.
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