SOLD
Sold on 28 Aug 2024 for $720,000

40 Sixth Avenue
West Moonah TAS 7009

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 203m2
Land area: 566m2
Sold By
Petrusma Property - Sandy Bay
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Property Details for 40 Sixth Ave, West Moonah

40 Sixth Ave, West Moonah is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1973. The property has a land size of 566m2 and floor size of 203m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in West Moonah in the last 12 months.

Building Type
House
Year Built
1973
Floor Size
203m2
Land Size
566m2
Local Government
Glenorchy
Lot/Plan
133/96483

Last Listing description (October 2024)

Access first homebuyer stamp duty exemption AND subsidise your mortgage
with this two for the price of one property offering a 3 bedroom home at street level for you to live in and a fully self contained & approved 2 bedroom flat on the lower level to help pay the mortgage! An outstanding investment and the perfect place to call home - Welcome to 40 Sixth Avenue!

- Dual tenancy (and potential for dual income) with 3 bed & 1 bath at street level and 2 bed & 1 bath downstairs

- First homebuyers may qualify for stamp duty exemption AND subsidise your mortgage with the downstairs unit currently generating $370 p/week (with the potential for more)
- Outstanding investment option with likely total return in excess of $900 per week!

The street level home (1/40 Sixth Avenue) includes:
- Updated throughout with a funky 'retro meets contemporary' feel
- A renovated kitchen with plenty of storage
- Terrific views over the River Derwent
- Light & bright interiors with new carpet and polished timber floors
- 3 generous sized bedrooms
- Rent appraisal $550 per week approx.

The separate flat downstairs (2/40 Sixth Avenue) includes:
- 2 bedrooms
- Kitchen with breakfast bar and open plan living
- Currently tenanted at $370 per week

There's also a large rumpus area downstairs that includes stairs to the house upstairs (currently covered over but easy to reinstate) that offers the potential for further development such as additional living space or even a third tenancy (STCA)

Conveniently located near various amenities including shopping centers, schools, parks, and recreational facilities. The Hobart CBD is approximately a 15-minute drive away.

* The vendor reserves the right to accept offers prior to the advertised open home times.

* Stamp duty exemption subject to 'First Home buyers of established homes Duty Relief application' approval

* The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

Property History for 40 Sixth Ave, West Moonah, TAS 7009

A timeline of how this property has performed in the market
Last Sold
$720,000
28 Aug 2024
  • 16 Sep 2024
    Listed for Rent $550 / week
  • 28 Aug 2024
    Sold for $720,000
  • 07 Jun 2024
    Listed for Sale Offers Over $770,000
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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 39.70% increase in median value, while Units have seen a 34.28% increase. As at 30 November 2024:

  • The median value for Houses in West Moonah is $618,065 while the median value for Units is $478,254.
  • Houses have a median rent of $525 while Units have a median rent of $410.
There are currently 8 properties listed for sale, and 2 properties listed for rent in West moonah on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in West moonah.

Suburb Insights for West Moonah 7009

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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.