OFF MARKET

291 Hobart Road
Youngtown TAS 7249

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 563m2
Land area: 1615m2
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Last updated 11 Nov 2024
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Property Details for 291 Hobart Rd, Youngtown

291 Hobart Rd, Youngtown is a 5 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 1615m2 and floor size of 563m2.

Building Type
Unit
Floor Size
563m2
Land Size
1615m2
Local Government
Launceston

Last Listing description (May 2016)

A fantastic multi-use site with both residential and commercial tenancy is on offer here in this high profile location. Excellent main road frontage and onsite parking, there is scope for further development of this relatively flat 1615m2 site with plenty of vacant land to play with. Currently returning $37,960pa. (potential for $47,320 once last commercial vacancy is filled) Split between two top floor residential tenancies and three ground floor commercial tenancies.
For detailed information please contact Andy Howell or David Hernyk of NAI Harcourts North.
Commercial Real Estate Services, Worldwide.

Property History for 291 Hobart Rd, Youngtown, TAS 7249

A timeline of how this property has performed in the market
  • 04 Feb 2016
    Listed for Sale $499,000 No GST

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About Youngtown 7249

The size of Youngtown is approximately 4.9 square kilometres. It has 4 parks covering nearly 7% of total area. The population of Youngtown in 2011 was 4,050 people. By 2016 the population was 4,064 showing a population growth of 0.3% in the area during that time. The predominant age group in Youngtown is 40-49 years. Households in Youngtown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Youngtown work in a clerical occupation. In 2011, 75% of the homes in Youngtown were owner-occupied compared with 73.1% in 2016.

Youngtown has 2,361 properties. Over the last 5 years, Houses in Youngtown have seen a 66.47% increase in median value, while Units have seen a 58.28% increase. As at 31 October 2024:

  • The median value for Houses in Youngtown is $575,431 while the median value for Units is $398,285.
  • Houses have a median rent of $498 while Units have a median rent of $400.
There are currently 15 properties listed for sale, and no properties listed for rent in Youngtown on OnTheHouse. According to CoreLogic's data, 123 properties were sold in the past 12 months in Youngtown.

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