52 Norwood AvenueNorwood TAS 7250
Property Details for 52 Norwood Ave, Norwood
52 Norwood Ave, Norwood is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 997m2 and floor size of 155m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Norwood in the last 12 months.
Last Listing description (June 2024)
Introducing 52 Norwood Avenue, a fantastic opportunity for investors with two tenancies on the one title, generating a rental return of $655 per week. The house at 52a is well presented in gorgeous Norwood and currently returns $380 per week with tenants in place since 2021. The separate unit on title backs on to the Launceston Golf Course and currently rents at $275 per week with the tenancy in place since 2019. This property has a lovely feel and is located in a private position.
The main house at 52a has double glazing throughout, reverse cycle and panel heating, kitchen and updated bathroom, open-plan layout, versatile living spaces and sunny aspect. Boasting separate toilet and laundry, car-port, flat landscape and secure back-yard. A lovely suburb, which attracts a family-friendly demographic, just 5 minutes from the Kings Meadows shopping precinct, where you'll find supermarket and all amenities. Close to schools, a local IGA and public transport and just 11 minutes from Launceston's CBD. Fabulous investment!
Built: 1951
Council Rates: Approx. $2200 per annum
Water Rates: Approx: $1570 per annum
Zoning: General Residential
Rental Returns:
52A - Rent: $380 per week
Lease End: 10/09/2024
52B - Rent $275 per week
Lease End: 3/02/2025
Combined $655 per week return
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
Property History for 52 Norwood Ave, Norwood, TAS 7250
- 21 Jun 2024Sold for $590,000
- 17 Jun 2024Listed for Sale Offers over $575,000
- 13 Aug 2021Listed for Rent $360 / week
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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.
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