OFF MARKET

50 Charles Street
Orford TAS 7190

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 248m2
Land area: 1260m2
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Property Details for 50 Charles St, Orford

50 Charles St, Orford is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1993. The property has a land size of 1260m2 and floor size of 248m2. While the property is not currently for sale or for rent, it was last sold in May 2015.

Building Type
Unit
Year Built
1993
Floor Size
248m2
Land Size
1260m2
Local Government
Glamorgan-Spring Bay
Lot/Plan
1/170488

Last Listing description (May 2017)

Vendor says sell!
With strata title applications pending - this 50 Charles St Orford property comprising 3 x 2 bed 1 bath, free standing brick units is offered as one title for the last time at a massive price reduction.
With undercover parking and 1 OSP for visitors each, low maintenance 2 bed properties are offered now at $400,000 until June 30th 2015.

Set on a 1260sqm allotment with water views, 50 Charles St was developed in 1993 and has been operated as a rental investment ever since with 2 of the 3 units currently let.
Within 400m walking distance of a nearby supermarket, post office and restaurants, this listing offers obvious potential for the strata title of the units and independent sale, continued management of the site under 1 title for either of retirement units or short term holiday rentals STCA or perhaps a mix of both.
East coast property is enjoying a resurgence, benefitted by increasing visitor numbers and the greater awareness of the privileged and affordable coastal lifestyle on offer to retirees, just 1 hour from Hobart. Way under replacement cost, these units will reward a savvy investor.

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Property History for 50 Charles St, Orford, TAS 7190

A timeline of how this property has performed in the market
Last Sold
$403,850
14 May 2015
  • 14 May 2015
    Sold for $403,850
  • 02 Mar 2015
    Listed for Sale Offers over $400,000 until 30th June 2015
  • 10 Jun 2003
    Sold for $288,000
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About Orford 7190

The size of Orford is approximately 35.6 square kilometres. It has 12 parks covering nearly 21.9% of total area. The population of Orford in 2011 was 518 people. By 2016 the population was 605 showing a population growth of 16.8% in the area during that time. The predominant age group in Orford is 60-69 years. Households in Orford are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Orford work in a managers occupation. In 2011, 70.5% of the homes in Orford were owner-occupied compared with 78.8% in 2016.

Orford has 1,204 properties. Over the last 5 years, Houses in Orford have seen a 89.81% increase in median value, while Units have seen a 98.86% increase. As at 31 October 2024:

  • The median value for Houses in Orford is $606,494 while the median value for Units is $385,767.
  • Houses have a median rent of $400 while Units have a median rent of $200.
There are currently 21 properties listed for sale, and 1 property listed for rent in Orford on OnTheHouse. According to CoreLogic's data, 37 properties were sold in the past 12 months in Orford.

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