OFF MARKET

32 Frazer Street
Strahan TAS 7468

Bedrooms: 12
Bathrooms: 6
Car spaces: 6
Land area: 1062m2
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Property Details for 32 Frazer St, Strahan

Building Type
Land
Land Size
1062m2
Local Government
West Coast
Lot/Plan
3/117749

Last Listing description (August 2019)

You now have the opportunity to build your cash flow by investing in these two separate titles that will give you a steady income.
The front title is 2023m2 and has six free standing 2 by 1 rentals properties on it.
The current rental is $1000 a week in combined rents for these six properties.

Presently all are occupied with six month leases.
Perfect for an interstate investor or a local due to the fact it has a long rental history.
The same real estate company has managed this properties for over 8 years.
The second title is located at the end of the driveway and is 403m2 in size.
This is a bonus block that is not connected to water or power at this stage.
It allows the new buyer options for the future.
It could be perfect for the individual that wanted to move to Strahan.
They have the potential with approvals to build a larger home on the back block to live in and manage the front homes for an income.
You could also consider setting the 6 front homes into short term accommodation but would have to get approvals.
Cash buyer are needed as the a deposit of roughly 40% is required should you decide to take a mortgage on these properties.
The deposit will allow for these properties to pay for themselves as they would be positively geared at the present rents.
If you fortunate enough to purchase with cash you have an rock solid income stream for your future.
Cost for water, shire and land tax for 2017/18 financial year.
Shire Rates averaged $755.00 per home or $4535.00 for the year.
Water raters averaged out to $803.00 per home or $4823.00 for the year.
Land tax last year was $682.00 for the year.
I have also included a few pictures of Strahan and the surrounding area and information to the top 15 tourist things to do in Strahan.
https:/?/?www.youtube.com/?watch?v=3jHQYG83wlQ
Feel free to contact me with any questions
Guy Zinicola

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Property History for 32 Frazer St, Strahan, TAS 7468

A timeline of how this property has performed in the market
Last Sold
$65,000
22 Jun 2021
Listed for Rent
$160/w
29 Jan 2010
  • 22 Jun 2021
    Sold for $65,000
  • 11 Sep 2016
    Listed for Sale Not Disclosed
  • 11 Mar 2015
    Listed for Sale $600,000
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About Strahan 7468

The size of Strahan is approximately 311.6 square kilometres. It has 21 parks covering nearly 88.7% of total area. The population of Strahan in 2011 was 824 people. By 2016 the population was 709 showing a population decline of 14.0% in the area during that time. The predominant age group in Strahan is 20-29 years. Households in Strahan are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Strahan work in a managers occupation. In 2011, 63.3% of the homes in Strahan were owner-occupied compared with 61.1% in 2016.

Strahan has 677 properties. Over the last 5 years, Houses in Strahan have seen a 154.19% increase in median value, while Units have seen a 15.90% increase. As at 31 October 2024:

  • The median value for Houses in Strahan is $307,357 while the median value for Units is $214,443.
  • Houses have a median rent of $290 while Units have a median rent of $160.
There are currently 32 properties listed for sale, and 3 properties listed for rent in Strahan on OnTheHouse. According to CoreLogic's data, 19 properties were sold in the past 12 months in Strahan.

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