Sold Feb 2015
An Investment at 8.5% Return! With 4 Tenancies!

18 Home Street, Invermay, TAS 7248

4 beds 4 baths 4 cars 776 sqm


Richard Bailey
Richard Bailey
18 Home Street has been Sold
Here is a GREAT investment opportunity. Four one bedroom units on one title with a very strong rental history, and long term tenants. The construction is solid concrete, meaning little external maintenance. Each unit has a spacious kitchen/living area and a large bedroom. One of the units is returning $155/week, and the others $150, $135 and $130/week. With potential to improve the fittings, and cosmetics, the returns would be dramatically increased.
There is a large block with off street parking. Much of the legwork has been done to be able to strata title these four units. The location is special, overlooking Faulkner Park, a quick walk to local primary school and half way between both campuses of the university. There are many established homes in the area and only a few minutes drive to Launceston's CBD. Great value for a solid investment with 4 tenancies.
Year Built: 1947
Floor Area: 200sqm
Land Area: 776 sqm
Rooms: 8
Parking: 4 cars
What's Nearby
What's Nearby
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SA1 - 6103609 Meet the Neighbours near 18 Home Street
Monthly Personal Income
Monthly Household Income
Monthly Mortgage Repayments
The average age is 34
Majority are Couples without children
Most residents Renting
Weekly Income
Employed as Manufacturing
Retail trade
Accommodation and food services
Health care and social assistance
Education and training
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Ask Richard about 18 Home Street, Invermay, TAS 7248
Richard Bailey
Richard Bailey
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