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Sold on 20 Oct 2024 for $360,000

5/3 Bermuka Street
West Moonah TAS 7009

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
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Property Details for 5/3 Bermuka St, West Moonah

5/3 Bermuka St, West Moonah is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Unit sold in West Moonah in the last 12 months.

Building Type
Unit
Year Built
1974
Floor Size
68m2

Last Listing description (October 2024)

Conveniently positioned and a short 5-minute walk from all essential services in the vibrant Moonah, this unit offers an exciting, low maintenance proposition for buyers. Sunny and well-maintained, unit 5 features an open plan living, dining, and kitchen area, with access to a delightful private rear deck (situated on common ground).

Accommodation comprises two bedrooms, with the main bedroom featuring a built-in wardrobe, while a combined toilet and laundry complete the floor plan. Additional storage can be found beneath the unit, along with a designated off-street parking spot. The grounds are impeccably maintained by the body corporate, allowing you to enjoy the beautiful surroundings without the hassle of upkeep.

Currently leased until the end of November 2024 generating $420 per week, this unit stands as a lucrative investment prospect for astute investors with reliable tenants already in place. Additionally, Unit 6 is also for sale, offering the opportunity to acquire both units for an even more compelling investment prospect.

For those keen to undertake a renovation venture, an exciting canvas awaits, while those aspiring to make a seamless entry into the property market will find it an ideal starting point, offering the flexibility to move in at the conclusion of the lease.

This property boasts a prime location just moments from Moonah's bustling shopping district, and offers a rich local arts scene, numerous dining choices, and convenient shopping options—all just a quick 10-minute drive to Hobart CBD.

-Current rental return $420pw.
-Council rates $1500 pa approx.
-Water rates $1000 pa approx.
-Body Corp $2280 pa approx.

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Property History for 5/3 Bermuka St, West Moonah, TAS 7009

A timeline of how this property has performed in the market
Last Sold
$360,000
20 Oct 2024
  • 20 Oct 2024
    Sold for $360,000
  • 21 May 2024
    Listed for Sale Offers over $350,000
  • 25 Aug 2017
    Sold for $225,000
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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.

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