203 Opossum RoadNorwood TAS 7250
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.
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
Property History for 203 Opossum Rd, Norwood, TAS 7250
- 07 Aug 2023Sold for $790,000
- 17 May 2023Listed for Sale Offers Over $799,000
- 06 Apr 2021Listed for Sale Price Drop: Offers over $249,000+sav
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0About 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 1,632 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.
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