OFF MARKET

20-22 King Street
Smithton TAS 7330

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 49m2
Land area: 607m2
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Last updated 16 Sep 2024
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Property Details for 20-22 King St, Smithton

20-22 King St, Smithton is a 1 bedroom, 1 bathroom Unit and was built in 1900. The property has a land size of 607m2 and floor size of 49m2.

Building Type
Unit
Year Built
1900
Floor Size
49m2
Land Size
607m2
Local Government
Circular Head
Lot/Plan
4/103526

Last Listing description (August 2023)

Located in the heart of Smithton presents this fantastic opportunity to secure 4 fully self contained apartments in the one premises. With Smithton's rental market in extreme demand this is the perfect opportunity to invest and reap the rewards! The property also features the following;

Flat 1
- 1 good size bedroom

- Renovated kitchen
- Bathroom features a walk in shower
- Wood heater for all your heating needs
- Rental appraisal: $250 per week

Flat 2
- 1 good size bedroom with built ins
- Renovated kitchen
- Ensuite features a walk in shower
- Reverse cycle heat pump for all your heating and cooling needs
- Rental appraisal: $250 per week

Flat 3
- 1 good size bedroom
- Bathroom includes shower over bath
- Reverse cycle and wood heater for all your heating and cooling needs
- Rental appraisal: $200 per week

Flat 4
- 2 Bedroom apartment
- Bathroom features walk in shower
- Convenience of both a wood heater and reverse cycle heat pump for all your heating and cooling needs
- Rental appraisal: $280 per week

With all flats tenanted the property would offer an exceptional return on investment of 8.5%. Get in quick to secure this lucrative offering as it is sure to not last long.

If you are unable to inspect this home, we are kindly offering virtual inspections. At this time if there is anything that we can do to make your buying experience easier, please just let us know.

One Agency 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.

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Property History for 20-22 King St, Smithton, TAS 7330

A timeline of how this property has performed in the market
  • 19 May 2023
    Listed for Sale UNDER CONTRACT IN 6 WEEKS

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About Smithton 7330

The size of Smithton is approximately 91.3 square kilometres. It has 18 parks covering nearly 4.6% of total area. The population of Smithton in 2011 was 3,934 people. By 2016 the population was 3,862 showing a population decline of 1.8% in the area during that time. The predominant age group in Smithton is 50-59 years. Households in Smithton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Smithton work in a labourer occupation. In 2011, 70.1% of the homes in Smithton were owner-occupied compared with 65.7% in 2016.

Smithton has 2,210 properties. Over the last 5 years, Houses in Smithton have seen a 87.12% increase in median value, while Units have seen a 72.93% increase. As at 31 August 2024:

  • The median value for Houses in Smithton is $386,617 while the median value for Units is $304,641.
  • Houses have a median rent of $373 while Units have a median rent of $193.
There are currently 19 properties listed for sale, and 1 property listed for rent in Smithton on OnTheHouse. According to CoreLogic's data, 81 properties were sold in the past 12 months in Smithton.

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