165 Peel Street WSummerhill TAS 7250
Property Details for 165 Peel St W, Summerhill
165 Peel St W, Summerhill is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1987. The property has a land size of 671m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in August 2022.
Last Listing description (September 2022)
2 single level units, both securely leased, on 1 title all the essential elements of a successful investment are offered by this appealing property.
Location plays its part too, as this quiet setting is conveniently close to Summerdale Primary School, Prospect High School, the St Patrick's College campus and comprehensive local shopping.
Accessed from Rebecca Court's cul-de-sac frontage, each unit features a floor-plan where
Heat pumps provide comfort to the user-friendly original proportions of each property, both further enhanced by sunny front lawns, secure garages and secluded rear garden surroundings.
The opportunity to earn reliable returns from a pair of low-maintenance properties in a position of significant lifestyle appeal makes perfect sense as an investment strategy and the prospects for ongo-ing capital growth add to the attraction. Both units have long term tenants grossing $33,280 per annum.
Property History for 165 Peel St W, Summerhill, TAS 7250
- 11 Aug 2022Sold for $694,000
- 04 Jul 2022Listed for Sale Offers Over $690,000
- 24 Nov 2010Listed for Rent - Price not available
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0About Summerhill 7250
The size of Summerhill is approximately 2.3 square kilometres. It has 10 parks covering nearly 10.9% of total area. The population of Summerhill in 2011 was 3,160 people. By 2016 the population was 3,169 showing a population growth of 0.3% in the area during that time. The predominant age group in Summerhill is 50-59 years. Households in Summerhill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Summerhill work in a trades occupation. In 2011, 70% of the homes in Summerhill were owner-occupied compared with 69.6% in 2016.
Summerhill has 1,476 properties. Over the last 5 years, Houses in Summerhill have seen a 68.47% increase in median value, while Units have seen a 55.31% increase. As at 31 October 2024:
- The median value for Houses in Summerhill is $516,540 while the median value for Units is $399,315.
- Houses have a median rent of $490 while Units have a median rent of $443.
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