OFF MARKET

3/240 Peel Street W
Summerhill TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 96m2
Land area: 226m2
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Property Details for 3/240 Peel St W, Summerhill

3/240 Peel St W, Summerhill is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2003. The property has a land size of 226m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
Unit
Year Built
2003
Floor Size
96m2
Land Size
226m2
Local Government
Launceston
Lot/Plan
3/141708

Last Listing description (February 2023)

Privately positioned at the end of only three units, this fantastic standalone property feels more like a home with a spacious open plan living area and paved courtyard, located close to schools, shops, cafes, and transport. The quality kitchen compliments the warm neutral colours throughout the unit creating a welcoming space, perfect for entertaining family and friends. You can enjoy the peace and quiet of this lovely area while Launceston CBD is only 11 minutes away. With no body corporate fees, this would be the ideal first home, downsizer, or effortless investment.

• 2 bedrooms, 1 bathroom, single garage
• Paved outdoor area

• Additional outdoor parking space
• Ceiling fans
• No body corporate fees
• New carpets
• Built in robes in both bedrooms
• Separate laundry with exterior access and storage
• 2 garden sheds
• Daiken air conditioner
• Heat transfer system
• Large bathroom with full sized bathtub
• Tinted windows for added privacy
• Recently replaced hot water system
• NBN fibre connection
• Well maintained gardens in the complex
• Launceston CBD only 11 minutes away

Building size: 96m2 approx.
Land size: 226m2 approx.
Year Built: 2004
Rental estimate: $450-$480 per week.

Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 3/240 Peel St W, Summerhill, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$475,000
25 Oct 2022
  • 25 Oct 2022
    Sold for $475,000
  • 11 Oct 2022
    Listed for Sale Offers Over $475,000
  • 05 Feb 2009
    Sold for $249,500
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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.
There are currently 8 properties listed for sale, and 2 properties listed for rent in Summerhill on OnTheHouse. According to CoreLogic's data, 52 properties were sold in the past 12 months in Summerhill.

Suburb Insights for Summerhill 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.