23 Eighth AvenueWest Moonah TAS 7009
Property Details for 23 Eighth Ave, West Moonah
23 Eighth Ave, West Moonah is a 5 bedroom, 3 bathroom House with 6 parking spaces. The property has a land size of 696m2 and floor size of 290m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 5 bedroom House sold in West Moonah in the last 12 months.
Last Listing description (March 2024)
This investment opportunity is certainly one to consider for your portfolio.
Sitting high on the hill of Eighth Avenue this property boasts spectacular river and mountain views. Its original 1960's features including wide hallways, stone fire surrounds, and etched glass doors remain classic. Rooms are expansive with large windows taking advantage of its northerly aspect. Plenty of storage space is available in the garage and under the house, and easy parking is provided with 5 open car spaces at the front of the property.
The rear yard is currently fenced into sections but there is plenty of scope to expand the property or add a "granny" style flat (STCA).
Offering a great rental return, this property is divided into three units that remain all on one title. Consisting of one 3-bedroom unit and two 1-bedroom units, the combined rental income is currently $1,180 per week, increasing to $1,190 from mid February 2024.
Current rental amounts and lease end dates:
Unit 1 - $480 per week with lease ending 06/10/2024
Unit 2 - $340 per week with current lease ending 12/2/2024. Please note this lease has been renewed for a further 6 months.
Unit 3 - $360 per week with lease ending 15/2/2024. Please note a new 12 month lease will commence at the expiration of the current lease for $370 per week.
Outgoings are available upon request.
West Moonah's demographic, and its housing stock, has always been varied and it remains a popular suburb to live and invest in. Its proximity to schools, transport options and the local shopping districts of Moonah and Glenorchy will ensure its popularity remains.
Inspection by appointment only.
Property History for 23 Eighth Ave, West Moonah, TAS 7009
- 01 Mar 2024Sold for $860,000
- 12 Jan 2024Listed for Rent $370 / week
- 12 Sep 2023Listed for Sale Contact Agent
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About West Moonah 7009
The size of West Moonah is approximately 1.8 square kilometres. It has 9 parks covering nearly 9% of total area. The population of West Moonah in 2011 was 3,774 people. By 2016 the population was 4,003 showing a population growth of 6.1% in the area during that time. The predominant age group in West Moonah is 20-29 years. Households in West Moonah are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Moonah work in a professional occupation. In 2011, 62.5% of the homes in West Moonah were owner-occupied compared with 60.6% in 2016.
West Moonah has 1,945 properties. Over the last 5 years, Houses in West Moonah have seen a 40.38% increase in median value, while Units have seen a 35.97% increase. As at 31 October 2024:
- The median value for Houses in West Moonah is $619,220 while the median value for Units is $468,623.
- Houses have a median rent of $523 while Units have a median rent of $408.
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