OFF MARKET

1/5 Downing Street
Riverside TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 82m2
Land area: 298m2
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Property Details for 1/5 Downing St, Riverside

1/5 Downing St, Riverside is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1992. The property has a land size of 298m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Year Built
1992
Floor Size
82m2
Land Size
298m2
Local Government
West Tamar
Lot/Plan
1/56000

Last Listing description (January 2022)

** PRESS PLAY TO WATCH A FULL HD VIDEO TOUR OF THIS PROPERTY **

* Positioned in a quiet cul-de-sac, capturing all day sun, minutes to local bus stop
* Flat block with easy access in and around the property, ideal to downsize into or investment

* Only two units on the block, views out toward the Riverside Golf Club
* Generous proportions, open plan lounge and dining room connect to the kitchen
* Spacious kitchen with outlook towards the garden, plenty of bench and cupboard space
* Built in wardrobes in both bedrooms, separate laundry off the single garage and workshop
* Separate bath/shower, separate toilet, linen closet in the hallway, low maintenance courtyard
* Enclosed sunroom upon entry, solar panels and allocated off street parking
* Minutes to the Riverside Shopping Centre, Swimming Pool and Tailrace Park

Disclaimer:
One Agency Launceston has obtained the information on this property from what we believe are reliable sources and have no reason to doubt its accuracy however we cannot guarantee its exactness. Prospective purchasers are advised to execute their own enquiries.

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Property History for 1/5 Downing St, Riverside, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$447,000
14 Dec 2021
  • 14 Dec 2021
    Sold for $447,000
  • 07 Dec 2021
    Listed for Sale $345,000 - $395,000
  • 29 Jul 2020
    Sold for $315,000
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About Riverside 7250

The size of Riverside is approximately 55 square kilometres. It has 7 parks covering nearly 2.6% of total area. The population of Riverside in 2011 was 6,072 people. By 2016 the population was 6,475 showing a population growth of 6.6% in the area during that time. The predominant age group in Riverside is 10-19 years. Households in Riverside are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riverside work in a professional occupation. In 2011, 75.3% of the homes in Riverside were owner-occupied compared with 72.7% in 2016.

Riverside has 3,450 properties. Over the last 5 years, Houses in Riverside have seen a 60.20% increase in median value, while Units have seen a 31.56% increase. As at 31 October 2024:

  • The median value for Houses in Riverside is $635,296 while the median value for Units is $390,495.
  • Houses have a median rent of $480 while Units have a median rent of $410.
There are currently 37 properties listed for sale, and 5 properties listed for rent in Riverside on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Riverside.

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