7/7-9 Addison StreetRiverside TAS 7250
Property Details for 7/7-9 Addison St, Riverside
7/7-9 Addison 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 1337m2 and floor size of 360m2. While the property is not currently for sale or for rent, it was last sold in March 2013.
Last Listing description (April 2013)
Ultimate Investment Opportunity...
Here is your chance to make a very wise and worthy investment. Offering you this complex of 5 brick units that are all leased, and currently returning 6.1%-6.5%, with room to increase rents. All come with independent power, water meters, phone lines, and are just begging to be either strata titled (STCA) and sold off individually, or simply enjoy sit back and watch the steady income flow in as-is. These low maintenance units are ideally located within a quiet cul-de-sac, on bus route, close to all conveniences, and some of Launceston's best schools. All are totally flat and include granite bench tops, undercover parking, courtyard, and even come with all white goods.
If you're one of the clever self-funded retiree's, or looking to purchase as a self managed super fund, you will find 7-9 Addison Street an extremely hard package to beat.
Additional feature/s - Carport.
Property History for 7/7-9 Addison St, Riverside, TAS 7250
- 28 Mar 2013Sold for $760,000
- 18 Apr 2012Listed for Sale $800,000 - $850,000
- 11 Nov 1986Sold for $14,000
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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 3,446 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.
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