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Sold on 01 Nov 2023 for $396,000

7 Lancaster Avenue
Penguin TAS 7316

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 100m2
Land area: 534m2
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Property Details for 7 Lancaster Ave, Penguin

7 Lancaster Ave, Penguin is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 534m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 3 bedroom House sold in Penguin in the last 12 months.

Building Type
House
Floor Size
100m2
Land Size
534m2
Local Government
Central Coast
Lot/Plan
18/54664

Last Listing description (November 2023)

This three-bedroom brick veneer home is positioned in a quiet cul-de-sac, in the ever-popular beachside town of Penguin. The home is attractively priced at entry level, with a low maintenance yard and single level floorplan. This property is a definite option for downsizers, as well as first home buyers and investors.

• Two of the three bedrooms have built in robes
• The open plan living area has room to accommodate lounge and dining

• An open plan kitchen with pantry, breakfast bar and upright electric stove
• The bathroom has the convenience of separate shower and bath. Separate w/c
• There is an internal laundry and fully enclosed sunroom

Other features of the property include a reverse cycle heat pump, a generous size 6x6 metre lockable shed with slab, a further garden shed and a covered patio area, all set on a 534 sqm block.

Investors can expect around $360 - 370 PW rent. Set on a 534 sqm block.

Disclaimer:
While Harcourts Ulverstone & Penguin has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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Property History for 7 Lancaster Ave, Penguin, TAS 7316

A timeline of how this property has performed in the market
Last Sold
$396,000
01 Nov 2023
Listed for Rent
$250/w
10 Oct 2016
  • 05 Oct 2023
    Sold for $396,000
  • 02 Aug 2023
    Listed for Sale $399,000
  • 11 Aug 2017
    Sold for $220,000
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About Penguin 7316

The size of Penguin is approximately 45.4 square kilometres. It has 14 parks covering nearly 23.2% of total area. The population of Penguin in 2011 was 3,923 people. By 2016 the population was 3,847 showing a population decline of 1.9% in the area during that time. The predominant age group in Penguin is 50-59 years. Households in Penguin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penguin work in a professional occupation. In 2011, 74.7% of the homes in Penguin were owner-occupied compared with 75% in 2016.

Penguin has 2,103 properties. Over the last 5 years, Houses in Penguin have seen a 72.48% increase in median value, while Units have seen a 58.22% increase. As at 31 August 2024:

  • The median value for Houses in Penguin is $547,716 while the median value for Units is $382,942.
  • Houses have a median rent of $418 while Units have a median rent of $273.
There are currently 38 properties listed for sale, and no properties listed for rent in Penguin on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Penguin.

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Richard Jackson
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