OFF MARKET

2 Bay Street
Parklands TAS 7320

Bedrooms: 14
Bathrooms: 7
Car spaces: 4
Floor area: 220m2
Land area: 3000m2
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Last updated 28 Oct 2024
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Property Details for 2 Bay St, Parklands

2 Bay St, Parklands is a 14 bedroom, 7 bathroom House with 4 parking spaces and was built in 1957. The property has a land size of 3000m2 and floor size of 220m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Year Built
1957
Floor Size
220m2
Land Size
3000m2
Local Government
Burnie
Lot/Plan
1/48163

Last Listing description (October 2024)

Welcome to 2 Bay Street! Positioned on the hillside in Parklands, this property has spectacular ocean views. This seven unit investment property sits on one title, and has been well maintained over the years.

Property Features:
Seven, Two bedroom and one bathroom unit configurations

Twelve off street parking spaces including carports
Common area storage space with solar lighting
Long term tenants in place
Fully tenanted with a history of low vacancy rates
Stunning ocean views from almost all of the units
All units have their own amenities and private yards

Located within a short distance to local schools, Burnie Park, Burnie Regional Hospital and West Park Grove IGA, this property bring convenience to its tenants.

Please contact our office for a copy of the Information Memorandum.

*Harcourts Burnie 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.*

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Property History for 2 Bay St, Parklands, TAS 7320

A timeline of how this property has performed in the market
Last Sold
$1,550,000
17 May 2022
  • 22 Jul 2024
    Listed for Sale $1,590,000
  • 07 Mar 2024
    Listed for Sale Best offer over $1,700,000
  • 17 May 2022
    Sold for $1,550,000
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About Parklands 7320

The size of Parklands is approximately 0.8 square kilometres. It has 4 parks covering nearly 13.8% of total area. The population of Parklands in 2011 was 815 people. By 2016 the population was 849 showing a population growth of 4.2% in the area during that time. The predominant age group in Parklands is 50-59 years. Households in Parklands are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parklands work in a professional occupation. In 2011, 74.1% of the homes in Parklands were owner-occupied compared with 66.7% in 2016.

Parklands has 415 properties. Over the last 5 years, Houses in Parklands have seen a 75.10% increase in median value, while Units have seen a 56.74% increase. As at 30 September 2024:

  • The median value for Houses in Parklands is $508,363 while the median value for Units is $358,523.
  • Houses have a median rent of $420 while Units have a median rent of $190.
There are currently 1 property listed for sale, and 1 property listed for rent in Parklands on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Parklands.

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