SOLD
Sold on 03 May 2024 for $1,045,000

44 Reibey Street
Ulverstone TAS 7315

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 500m2
Land area: 782m2
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Property Details for 44 Reibey St, Ulverstone

Building Type
Commercial
Year Built
1888
Floor Size
500m2
Land Size
782m2
Local Government
Central Coast
Lot/Plan
1/196787

Last Listing description (December 2021)

44 Reibey Street, formerly the site of the ANZ Bank, is now available to purchase.
This amazing building (c. 1888) is characterised by its roundhead windows on the first floor and squarehead windows on the second floor and dominates the town's main street.
The building is centrally located amongst Coles, Harris Scarfe, Commonwealth Bank, Australia Post and other retail & business sites.

This is a substantial 782m2 corner site with 8 car spaces on title and dual retail frontage of 58.54 metres. The property is zoned General Business.
Downstairs was formerly leased by the ANZ Bank and the first floor was formerly a beauty studio also using the second wing downstairs.
Currently vacant, this multi-purpose property offers huge potential to anyone wanting to add to their property portfolio.

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Property History for 44 Reibey St, Ulverstone, TAS 7315

A timeline of how this property has performed in the market
Last Sold
$1,045,000
03 May 2024
Listed for Rent
24 Dec 2011
  • 03 May 2024
    Sold for $1,045,000
  • 08 Nov 2021
    Sold for $895,000
  • 24 Mar 2021
    Listed for Sale $920,000
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About Ulverstone 7315

The size of Ulverstone is approximately 16.6 square kilometres. It has 14 parks covering nearly 3.7% of total area. The population of Ulverstone in 2011 was 6,342 people. By 2016 the population was 6,477 showing a population growth of 2.1% in the area during that time. The predominant age group in Ulverstone is 50-59 years. Households in Ulverstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ulverstone work in a trades occupation. In 2011, 70.1% of the homes in Ulverstone were owner-occupied compared with 67.7% in 2016.

Ulverstone has 3,854 properties. Over the last 5 years, Houses in Ulverstone have seen a 69.71% increase in median value, while Units have seen a 63.10% increase. As at 30 November 2024:

  • The median value for Houses in Ulverstone is $504,466 while the median value for Units is $425,215.
  • Houses have a median rent of $420 while Units have a median rent of $370.
There are currently 48 properties listed for sale, and 3 properties listed for rent in Ulverstone on OnTheHouse. According to CoreLogic's data, 127 properties were sold in the past 12 months in Ulverstone.

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