Back 23 Eighth Ave
Off Market

23 Eighth Ave

West Moonah TAS 7009

5
3
6
290 m²
696 m²
House
Last sold for $860,000
Annisa BurnsAnnisa Burns, last sold this property on 26 March 2024 after 652 days on market.

Overview

Impressive Investment Opportunity

This investment opportunity is certainly one to consider for your portfolio. Sitting high on the hill of Eighth Avenue this property boasts spectacular river and mountain views. Its original 1960's features including wide hallways, stone fire surrounds, and etched glass doors remain classic. Rooms are expansive with large windows taking advantage of its northerly aspect. Plenty of storage space is available in the garage and under the house, and easy parking is provided with 5 open car spaces at the front of the property. The rear yard is currently fenced into sections but there is plenty of scope to expand the property or add a "granny" style flat (STCA). Offering a great rental return, this property is divided into three units that remain all on one title. Consisting of one 3-bedroom unit and two 1-bedroom units, the combined rental income is currently $1,180 per week, increasing to $1,190 from mid February 2024. Current rental amounts and lease end dates: Unit 1 - $480 per week with lease ending 06/10/2024 Unit 2 - $340 per week with current lease ending 12/2/2024. Please note this lease has been renewed for a further 6 months. Unit 3 - $360 per week with lease ending 15/2/2024. Please note a new 12 month lease will commence at the expiration of the current lease for $370 per week. Outgoings are available upon request. West Moonah's demographic, and its housing stock, has always been varied and it remains a popular suburb to live and invest in. Its proximity to schools, transport options and the local shopping districts of Moonah and Glenorchy will ensure its popularity remains. Inspection by appointment only.

Features

5 bedrooms
3 bathrooms
6 carspaces
5 open car spaces
1 garage space
290 m² floor area
696 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in West Moonah over the last 12 months, the estimated median property value of 23 Eighth Ave is $862.75k.

Median value
$862.75k
Estimated value range
$770k - $1.06m
Median days on market
27
Estimated value trend
-5%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in West Moonah. 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 23 Eighth Ave

2024
Sold
$860,000
26 Mar 2024 by Annisa Burns, of Raine & Horne Hobart
2024
Rented
Undisclosed
Leased on 26 Feb 2024 by PRD Hobart
2017
Sold
Undisclosed
12 Sep 2017 by Deb Stephens, of EIS Property Hobart

Happy sellers in West Moonah

71%
71% of sellers in West Moonah reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 17 reviews in West Moonah over the last 12 months.

Local market activity for 5 bedroom houses in West Moonah

In the last 12 months, 7 five-bedroom houses similar to 23 Eighth Ave, have been sold.

This represents a 40% decrease in five-bedroom houses sales when compared to the previous 12 months.

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