SOLD
Sold on 17 Oct 2023 for $280,000

65-67 Ravenswood Road
Ravenswood TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: 26
Floor area: 549m2
Land area: 1295m2
Sold By
Blake Shepherd
Shepherd & Heap Estate Agents
Joel Harwood
Shepherd & Heap Estate Agents
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Property Details for 65-67 Ravenswood Rd, Ravenswood

Building Type
Commercial
Year Built
1970
Floor Size
549m2
Land Size
1295m2
Local Government
Launceston
Lot/Plan
3/20590

Last Listing description (October 2023)

This neighbourhood retail centre is positioned on a large 1,295m2 site and features two long standing occupants: City Mission and Ravenswood Takeaway who have more recently been joined by NDIS provider Tas Home Nursing.

Property highlights include:

- Situated across two titles allowing separate entity ownership and or development upside
- Over 70m of combined corner frontage
- Attractive 'Local Business' zoning overlay
- Ample parking "at the door" and at the rear of the property (26 spaces in total)
- Large 549m2 building area
- Brick party walls to allow easy strata subdivision (stca)
- Total net rent: $44,892pa excl. GST

An excellent opportunity for separate entity ownership, future development or simply enjoy a higher than average ROI.

Buyer Enquiry Range: $530,000 - $550,000.

For further details contact Blake Shepherd or Joel Harwood.

Property History for 65-67 Ravenswood Rd, Ravenswood, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$280,000
17 Oct 2023
Listed for Rent
$100/w
10 Oct 2022
  • 17 Oct 2023
    Sold for $280,000
  • 10 Oct 2023
    Listed for Sale Buyer Enquiry Range: $530,000 - $550,000
  • 20 Jun 2018
    Listed for Rent $5,200 / year
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About Ravenswood 7250

The size of Ravenswood is approximately 10.2 square kilometres. It has 6 parks covering nearly 8.7% of total area. The population of Ravenswood in 2011 was 3,974 people. By 2016 the population was 3,604 showing a population decline of 9.3% in the area during that time. The predominant age group in Ravenswood is 0-9 years. Households in Ravenswood are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ravenswood work in a labourer occupation. In 2011, 47.2% of the homes in Ravenswood were owner-occupied compared with 47.1% in 2016.

Ravenswood has 1,575 properties. Over the last 5 years, Houses in Ravenswood have seen a 89.33% increase in median value, while Units have seen a 104.53% increase. As at 31 August 2024:

  • The median value for Houses in Ravenswood is $360,439 while the median value for Units is $326,940.
  • Houses have a median rent of $395 while Units have a median rent of $300.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Ravenswood on OnTheHouse. According to CoreLogic's data, 49 properties were sold in the past 12 months in Ravenswood.

Suburb Insights for Ravenswood 7250

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.