OFF MARKET

8 Lambert Street
Ravenswood TAS 7250

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 145m2
Land area: 673m2
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Property Details for 8 Lambert St, Ravenswood

8 Lambert St, Ravenswood is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1979. The property has a land size of 673m2 and floor size of 145m2. While the property is not currently for sale or for rent, it was last sold in June 2018.

Building Type
Unit
Year Built
1979
Floor Size
145m2
Land Size
673m2
Local Government
Launceston
Lot/Plan
121/20799

Last Listing description (November 2018)

Located only 5 minutes drive from Launceston's CBD is this solid brick and tile unit block offering two individual units - one at the front and another at the back.
Both consisting of 2 good size bedrooms and built in robes, a combined bathroom/laundry and a functional kitchen with upright stove.
Recent maintenance jobs have been carried out including the addition of new gutters.

Each unit has the rental potential of $175pw meaning the property as a whole offers over a 7% return.
If you're looking for a good investment that you can "set and forget" then book your private inspection today.

Property History for 8 Lambert St, Ravenswood, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$217,000
15 Jun 2018
Listed for Rent
$160/w
16 Jun 2010
  • 15 Jun 2018
    Sold for $217,000
  • 18 Apr 2018
    Listed for Sale Offers Above $220,000
  • 14 Mar 2018
    Listed for Rent $170 / week
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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 1,565 properties. Over the last 5 years, Houses in Ravenswood have seen a 88.24% increase in median value, while Units have seen a 97.65% increase. As at 31 October 2024:

  • The median value for Houses in Ravenswood is $369,640 while the median value for Units is $285,141.
  • Houses have a median rent of $400 while Units have a median rent of $300.
There are currently 10 properties listed for sale, and 4 properties listed for rent in Ravenswood on OnTheHouse. According to CoreLogic's data, 44 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.