3 Vasey StreetPunchbowl TAS 7249
Property Details for 3 Vasey St, Punchbowl
3 Vasey St, Punchbowl is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 1201m2 and floor size of 135m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (November 2023)
Introducing this amazing opportunity to acquire a 3-4 bed home in Punchbowl with development potential (STCA). This property offers a spacious block of land that provides ample space for future expansion or redevelopment. The property is perfect for those who are looking for a property to renovate or redevelop, in order to create their dream home or to capitalize on the growing demand for housing in the area.
Inside, the home features 1-2 living areas depending on the desired layout, as well as a separate dining area. The bedrooms are well-sized and include built-in wardrobes for storage in 2 of the 3 bedrooms. The property also boasts one bathroom, with the potential for a second living room. Additionally, there is a garage and an undercover outdoor area that provides ample space for entertaining.
This property also has excellent development potential, as it may be zoned for higher density housing. This provides the opportunity for the construction of additional units or townhouses on the site all of which would be subject to council approval. Alternatively, the property may have potential for renovation or extension, allowing for the creation of additional living space or bedrooms.
This property boasts an excellent location, being only 8 minutes away from Launceston CBD, which provides easy access to the city's bustling center. Additionally, this property is located within 20 minutes from almost all essential conveniences and amenities in Launceston, including hospitals, schools, and recreational facilities. The property enjoys a tranquil setting and offers spectacular panoramic views of Morshead Reserve and Kings Meadows Rivulet, which can be enjoyed from the comfort of the property. Furthermore, it's just a short walk to Launceston's largest suburban shopping centre, making it convenient for all your shopping needs. With such an enviable location, this property is sure to be a great investment for anyone looking for a peaceful yet convenient lifestyle in Launceston.
With its spacious layout, convenient location and the potential for future development, this 3-4 bed home in Punchbowl is a fantastic investment opportunity. Don't miss out on the chance to secure this property and make it your own. Contact us today to arrange an inspection!
Land Size: 1201m2 (approx)
Build Size: 201m2 (approx)
Year Built: 1950
We have in preparing this listing used our best endeavours to ensure the information is true & accurate. Prospective purchasers are advised to carry out their own investigations.
Property History for 3 Vasey St, Punchbowl, TAS 7249
- 23 Aug 2023Sold for $455,000
- 26 Nov 2022Listed for Sale $589,000
- 02 Jan 2020Listed for Rent $400 / week
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0About Punchbowl 7249
The size of Punchbowl is approximately 0.6 square kilometres. It has 2 parks covering nearly 39.5% of total area. The population of Punchbowl in 2011 was 443 people. By 2016 the population was 454 showing a population growth of 2.5% in the area during that time. The predominant age group in Punchbowl is 20-29 years. Households in Punchbowl are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Punchbowl work in a trades occupation. In 2011, 63% of the homes in Punchbowl were owner-occupied compared with 54.8% in 2016.
Punchbowl has 265 properties. Over the last 5 years, Houses in Punchbowl have seen a 63.33% increase in median value, while Units have seen a 43.64% increase. As at 31 October 2024:
- The median value for Houses in Punchbowl is $489,056 while the median value for Units is $345,865.
- Houses have a median rent of $480.
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