256 Peel Street WSummerhill TAS 7250
Property Details for 256 Peel St W, Summerhill
256 Peel St W, Summerhill is a 7 bedroom, 3 bathroom House with 1 parking spaces and was built in 2014. The property has a land size of 837m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in May 2014.
Last Listing description (February 2014)
3 BEDROOM HOUSE WITH 2x2 BEDROOM UNITS INVESTMENT!
Calling all investors, this unique opportunity doesn't come up that often. This 3 bedroom house has been fully renovated with all of the modern comforts with the added bonus of not one but two newly built 2 bedroom units, both with large living area and all with their own separate court yard, and plenty of parking for your tenants off street and on street. This investment is close to schools, shopping complex, doctors, busses and even child care and only a 10 minute drive to Launceston. All on one title and potentially can be strata titled S.T.C.A or keep it as one. Either live in one and rent others or rent it all for a better return, Potential return is between $650 - $700 per week. KG 839m2
Property History for 256 Peel St W, Summerhill, TAS 7250
- 07 May 2014Sold for $490,000
- 27 Sep 2013Listed for Sale $520,000
- 09 Mar 2012Listed for Sale OFFERS OVER $499,000
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About 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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