Back 18 Turton St
Off Market

18 Turton St

Devonport TAS 7310

3
2
1
142 m²
911 m²
Unit
Tony ReidTony Reid, last sold this property on 03 May 2018 after 161 days on market.

Overview

Great Investors Delight

Looking for a fantastic investment? Then it's hard to find a better opportunity than 18 Turton Street, Devonport. In a highly sought location amongst heritage homes set on a 911m2 allotment and with all the benefits of city living this would be the ideal addition to any rental portfolio. Water views from the rear, and a short walk to the CBD allow you the option to walk to work, dine out without having to worry about a taxi and enjoy all the benefits of city living with privacy and quiet. This home has been divided into two inner city apartments (1 and 2 bedroom) while on 1 title lending itself to a variety of purposes. Each apartment is currently rented with a combined income of approximately $25,000 per annum and previously run as furnished accommodation with a rental income of up to $54,000 per annum. The 2-bedroom apartment consists of 2 double bedrooms, separate lounge and combined kitchen/dining, while the bathroom is centrally located and includes a shower, toilet and pedestal vanity. High ceilings, heritage style skirting and cornice combine to add heritage touches. The laundry is located in a separate outbuilding and a fenced off side yard is great for pets. The 1-bedroom apartment offers a large bedroom, bathroom with shower over a small bath, toilet and pedestal vanity and like the joining apartment has heritage touches throughout including decorative archway in the hallway. A light and bright living, dining and kitchen space has a great feel while enjoying glimpses of the water. Step outside to the laundry and concrete deck area which enjoys water views and the great size backyard. A single garage and off-street parking accommodate up to 4 vehicles. Zoned residential/commercial adds to the potential of this property while the block size allows for future development or expansion S.T.C.A. The property is known as "Heritage Hill Accommodation" similar heritage accommodation is located close by and adds to the character of this outstanding location.

Features

3 bedrooms
2 bathrooms
1 carspace
142 m² floor area
911 m² lot size
Unit

Estimated Value

Based on this property and similar 3 bedroom units sold in Devonport over the last 12 months, the estimated median property value of 18 Turton St is $493k.

Median value
$493k
Estimated value range
$375k - $645k
Median days on market
28
Estimated value trend
4%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Devonport. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 18 Turton St

2018
Sold
Undisclosed
03 May 2018 by Tony Reid, of Halliwell Property Agents

Happy sellers in Devonport

94%
94% of sellers in Devonport reported that their sale price either exceeded or met their price expectations.

Devonport stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 42 reviews in Devonport over the last 12 months.

Local market activity for 3 bedroom units in Devonport

In the last 12 months, 11 three-bedroom units similar to 18 Turton St, have been sold.

This represents a 22% increase in three-bedroom units sales when compared to the previous 12 months.

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