SOLD
Sold on 15 Dec 2023 for $215,000

8/23-27 Elouera Street
Riverside TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 49m2
Land area: 61m2
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Property Details for 8/23-27 Elouera St, Riverside

8/23-27 Elouera St, Riverside is a 1 bedroom, 1 bathroom Unit and was built in 1983. The property has a land size of 61m2 and floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 1 bedroom Unit sold in Riverside in the last 12 months.

Building Type
Unit
Year Built
1983
Floor Size
49m2
Land Size
61m2
Local Government
West Tamar
Lot/Plan
8/113668

Last Listing description (October 2023)

Looking for a great long-term investment? How about a lucrative AirBnB opportunity? Or maybe you're someone who is eager to enter the property market? Well, look no further! This unit presents an incredible chance to secure your future while enjoying the benefits of a fully furnished home.

Privacy and low maintenance is a key feature of this property. The open plan living area provides a comfortable and inviting space, complemented by a separate functional kitchen area that ensures convenience and functionality. The bathroom is complete with a separate shower which adds to the practicality of these residences.

Comfort is guaranteed year-round with the reverse cycle air conditioning system, ensuring you can relax in perfect temperature no matter the season. In terms of parking, worry not - this unit comes with a dedicated car spot, providing both convenience and security for your vehicle.

Location is everything, and this property delivers in that regard. Situated just a stone's throw away from Launceston CBD, you'll enjoy easy access to work, shopping, dining, and entertainment options. Riverside Plaza, with its array of amenities, is within walking distance, catering to all your daily needs. And don't forget the breathtaking Tailrace Park right across the road, perfect for leisurely strolls or picnics.

Don't miss out on this incredible opportunity to secure unit 7/23-27 Elouera Street, Riverside. Whether you're seeking an investment property or a place to call home, this fully furnished gem ticks all the boxes.

Long term rental estimate around $310 - $320 per week approx., with an approximate 7.7% return.
The past 12 months short term rental history for Unit 7 is $37,861.00 gross.

- Great investment opportunity;
- Each unit being sold as fully furnished;
- The ability to have the rooms interconnected or separate;
- Low maintenance and private;
- Great location with designated parking.

Council Rates: $684pa approx
Water Rates: $760pa approx
Body Corporate: $1,260pa approx
Municipality: West Tamar Council
School Catchments: Riverside Primary & Riverside High School

Sims for Property has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 8/23-27 Elouera St, Riverside, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$215,000
15 Dec 2023
  • 15 Dec 2023
    Sold for $215,000
  • 05 Jul 2023
    Sold for $217,000
  • 26 Jun 2023
    Listed for Sale $195,000 - $225,000
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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 3,452 properties. Over the last 5 years, Houses in Riverside have seen a 64.30% increase in median value, while Units have seen a 30.36% increase. As at 30 September 2024:

  • The median value for Houses in Riverside is $641,551 while the median value for Units is $377,391.
  • Houses have a median rent of $480 while Units have a median rent of $405.
There are currently 38 properties listed for sale, and 4 properties listed for rent in Riverside on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in Riverside.

Suburb Insights for Riverside 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.