OFF MARKET

203 Opossum Road
Norwood TAS 7250

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Floor area: 201m2
Land area: 658m2
Improve this data
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 4 Nov 2024
Low
High
Share
Save

Property Details for 203 Opossum Rd, Norwood

203 Opossum Rd, Norwood is a 4 bedroom, 1 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 658m2 and floor size of 201m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Year Built
1970
Floor Size
201m2
Land Size
658m2
Local Government
Launceston
Lot/Plan
1/29351

Last Listing description (October 2023)

Looking for a smart investment opportunity that offers long-term financial benefits?
Look no further than this fantastic freehold investment property! Offering Capital Growth and a Fantastic Return.

Nestled in a prime location in Norwood, en route to Hobart Rd & Midlands Hwy this property offers a unique opportunity to secure a long-term investment with potential for impressive capital growth. The freehold nature of the property means that you'll have complete ownership, giving you the flexibility to add value & increase the rental income for the 4BR home.

This investment comprises 2 tenancies, one is a popular convenience/takeaway store and the second tenancy is a 4BR house all on 1 title.

Business has a long-term lease of 8 years with a 7-year option and the house has a tenant that is managed by a local real estate firm.

Total Rental income: $1150 pw
Business-$800+gst per week
4BR Home-$350 per week with the potential to go up to a minimum of $450 (as per market rate) at the expiry of the current lease.

Local Council-Launceston City Council
Area-658 sqm
Zoning-Local Business
PID-6883692

Build circa 1970, to our understanding, there is no money to be spent on any aspect of this property.

Investing in property has never been easier, and with this freehold investment, you'll be setting yourself up for financial success. Whether you're a seasoned investor or new to the game, this property offers a solid foundation for building your property portfolio.

Don't miss out on this fantastic investment opportunity - contact us today to arrange a viewing and see for yourself the potential this freehold investment property has to offer.

Call Praveen Pant on 0432 256 682 or Paul Scott on 0477 771 098 or email pauls@tasbps.com.au/ praveenp@tasbps.com.au

INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF; Please Note: All figures quoted are approximate.

Property Code: 980

Show More

Property History for 203 Opossum Rd, Norwood, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$790,000
07 Aug 2023
  • 07 Aug 2023
    Sold for $790,000
  • 17 May 2023
    Listed for Sale Offers Over $799,000
  • 06 Apr 2021
    Listed for Sale Price Drop: Offers over $249,000+sav
Sign in to see more transactions

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

About Norwood 7250

The size of Norwood is approximately 3.7 square kilometres. It has 10 parks covering nearly 6% of total area. The population of Norwood in 2011 was 3,794 people. By 2016 the population was 3,757 showing a population decline of 1.0% in the area during that time. The predominant age group in Norwood is 60-69 years. Households in Norwood are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Norwood work in a professional occupation. In 2011, 78.5% of the homes in Norwood were owner-occupied compared with 77.2% in 2016.

Norwood has 1,629 properties. Over the last 5 years, Houses in Norwood have seen a 62.06% increase in median value, while Units have seen a 62.23% increase. As at 31 October 2024:

  • The median value for Houses in Norwood is $631,769 while the median value for Units is $416,985.
  • Houses have a median rent of $520 while Units have a median rent of $410.
There are currently 3 properties listed for sale, and 1 property listed for rent in Norwood on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Norwood.

Norwood Profile Page

Suburb Insights for Norwood 7250

Visit Norwood profile page
Market Insights
Norwood Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Norwood Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Norwood profile page
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED