OFF MARKET

76 Springfield Avenue
West Moonah TAS 7009

Bedrooms: 5
Bathrooms: 4
Car spaces: -
Floor area: 260m2
Land area: 784m2
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Last updated 11 Nov 2024
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Property Details for 76 Springfield Ave, West Moonah

76 Springfield Ave, West Moonah is a 5 bedroom, 4 bathroom House and was built in 1954. The property has a land size of 784m2 and floor size of 260m2. While the property is not currently for sale or for rent, it was last sold in November 2009.

Building Type
House
Year Built
1954
Floor Size
260m2
Land Size
784m2
Local Government
Glenorchy
Lot/Plan
2/7445

Last Listing description (September 2024)

Exciting Investment Opportunity: Four-Unit Block with Strong Rental Returns.

Our motivated vendor is eager to transition to their next venture, offering you a prime investment opportunity.

Built in 1952, this block of four units presents an excellent addition to your rental portfolio or a fantastic starting point. With a combined rental income of $1,450 per week, the property offers a robust return of approximately 7.5% based on the asking price-meaning it's essentially self-sustaining even before anticipated interest rate cuts. Prospective buyers should evaluate the return on investment based on their purchase price.

Property Details:

Upper Level:
- Two-Bedroom Flat:
o Leased at $400 per week until January 2025
o Features upgraded kitchen and bathroom
- One-Bedroom Flat:
o Leased at $380 per week until June 2025
o New double glazed windows
o Includes modern kitchen and bathroom

Lower Level:
- Two x One-Bedroom Flats:
o Both units are fully functional with potential for value addition through kitchen and bathroom upgrades
o Currently leased at $370 and $300 per week, with leases running until January and February 2025

The property is centrally located, offering convenient access to various business and shopping areas, as well as being close to a public transport hub.

For additional information or to schedule an inspection, please contact Rod or Russell. Don't miss out on this lucrative opportunity to enhance your investment portfolio!

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

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Property History for 76 Springfield Ave, West Moonah, TAS 7009

A timeline of how this property has performed in the market
Last Sold
$395,000
11 Nov 2009
Listed for Rent
$320/w
19 Nov 2020
  • 14 Sep 2024
    Listed for Sale Not Disclosed
  • 12 Nov 2020
    Listed for Rent $320 / week
  • 19 Nov 2018
    Listed for Rent - Price not available
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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 1,942 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.
There are currently 12 properties listed for sale, and 2 properties listed for rent in West moonah on OnTheHouse. According to CoreLogic's data, 52 properties were sold in the past 12 months in West moonah.

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