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Back 4 + 5/47 Cimitiere Street
Off Market

4 + 5/47 Cimitiere Street

George Town TAS 7253

4
2
2
158 m²
280 m²
Apartment
Last sold for $240,000
Sam WoolcockSam Woolcock, last sold this property on 19 August 2025 after 375 days on market.

Overview

Excellent Investment or Low Maintenance Home

An excellent opportunity to secure a investment generating over $30,000 per year (gross) with scope to increase. Quality, low maintenance investments like these are becoming harder to come by in the current market. Unit 4: $300 per week until March 2026 Unit 5: $295 per week until September 2025 Comprising 2 solid brick units, on a flat block, each with its own carport and separate utilities room. Both with secure long term tenancies in place, available to purchase individually or together. George Town median unit value has increased approx. 30% from 2020 - 2023, and, given its ideal location, with underpinnings of strong industry and skilled labor force the demand for quality investments like these are increasing. The area benefits from its close location to the Bell Bay industrial hub, the focus of the Tasmanian government's renewable hydrogen production and export plans. Large capital investment projects are on the radar of the likes of Fortescue, Woodside, Origin Energy and even Spanish energy giant Iberdola. These projects may generate large increases in economic activity and jobs for the local community, increasing rental demand and providing capital growth in property prices. The units location is one block from the CBD and walking distance to all local amenities including medical facilities, schools and shopping. Great access to recreation, heritage and the natural environment and being only 35 minutes to Launceston, this could be your chance at securing either a solid investment for years to come or a perfect low maintenance home. **Elders Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**

Features

4 bedrooms
2 bathrooms
2 carspaces
158 m² floor area
280 m² lot size
Apartment

Estimated Value

We need at least 3 similar 4 bedroom apartments sold in George Town over the last 12 months.

Property history for 4 + 5/47 Cimitiere Street

2025
Sold
$240,000
Private Sale/Treaty on 19 Aug 2025 by Sam Woolcock, of Elders Launceston

Happy sellers in George Town

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

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

This is based on voluntary sentiment collected from 58 reviews in George Town over the last 12 months.

Local market activity for 4 bedroom apartments in George Town

Nearby agents

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David Woods

David Woods is an award winning recommended agent for George Town.  They have 79 local sales and collected 68 local reviews across the last 12 months.

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Jarrah Burns

Sellers who recommend Jarrah Burns have praised them for being clear communication, local expert, responsive, honest, friendly, reliable and supportive

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Michael Dearsley

Sellers who recommend Michael Dearsley have praised them for being clear communication, local expert, responsive, friendly, supportive, reliable and dedicated

  •   5   (305 reviews)
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Daron Gumley

Daron Gumley is a recommended agent for George Town.  They have 19 local sales across the last 12 months.

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