5/45 Steele St

Off Market

5/45 Steele St

Devonport TAS 7310

74 m²

90 m²

Apartment

Cordell Richardson, last sold this property on 13 October 2026 after -15 days on market.

Overview

Secure Investment in a Growing Devonport Market

SOLD BY CORDELL RICHARDSON BEFORE IT EVEN HIT THE MARKET For investors looking to secure an income producing property in one of Tasmania's stronger regional markets, 5/45 Steele Street presents a compelling opportunity. Devonport's property market has continued to show positive momentum, with recent data recording strong growth across the unit sector. Combined with increasing rental demand, ongoing investment throughout the city and the convenience of a central location, Devonport continues to attract attention from both local and interstate investors. Already leased at $400 per week until 26 November 2027, this property provides immediate rental income and the security of a long term tenant already in place. Positioned upstairs within an established complex, the unit offers two bedrooms with built in wardrobes, an open plan kitchen, dining and living area, private balcony and an elevated outlook across parts of Devonport. Reverse cycle heating and cooling provides year round comfort, while the bathroom incorporates the laundry for efficient use of space. A separate single carport provides off street parking, while the location places the Devonport CBD, shopping, cafes, schools and everyday services within easy reach. Investment highlights include: • Lease until 26 November 2027 at $400 per week • Annual rental income of $20,800 • Positioned within Devonport's growing market • Two bedrooms with built in wardrobes • Open plan kitchen, dining and living • Private balcony with elevated outlook • Reverse cycle heating and cooling • Separate single carport • Body Corporate fee approximately $300 per annum • Body Corporate insurance approximately $520 per annum • Council rates approximately $1,666.02 per annum • Convenient location close to the Devonport CBD With rental income already secured and Devonport continuing to record growth across both property values and rents, this is an opportunity to add an established, low maintenance asset to your portfolio with income from day one. *We have 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. Some images may include virtual enhancements such as lighting adjustments or virtual styling. All fixed structures and permanent features remain true to the original property.

Features

2 bedrooms

1 bathroom

1 carspace

74 m² floor area

90 m² lot size

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Devonport over the last 12 months, the estimated median property value of 5/45 Steele St is $395k.

Median value

$395k

Estimated value range

$360k - $505k

Median days on market

Estimated value trend

41%

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 5/45 Steele St

2026

Sold

Undisclosed

Private Sale/Treaty on 13 Oct 2026 by Cordell Richardson, of Ray White Living Here - Devonport

2024

Rented

Undisclosed

Leased on 26 Nov 2024 by Ray White Living Here - Devonport

2024

Rented

Undisclosed

Leased on 25 Nov 2024 by Ray White Living Here - Devonport

Happy sellers in Devonport

95%

95% 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 35 reviews in Devonport over the last 12 months.

Local market activity for 2 bedroom apartments in Devonport

In the last 12 months, 6 two-bedroom apartments similar to 5/45 Steele St, have been sold.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Devonport for a free market appraisal.

Leigh Jordan

at One Agency Collins Real Estate

4.9

(967 reviews)

Get a free market appraisal

Wendy Squibb

at Harcourts Coastline | Devonport

4.9

(197 reviews)

Get a free market appraisal

James Blenkhorn

at Roberts Real Estate Devonport

4.8

(167 reviews)

Get a free market appraisal

Katt Spaulding

at Roberts Real Estate Devonport

(22 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Devonport

Leigh Jordan

Sellers who recommend Leigh Jordan have praised them for being clear communication, local expert, responsive, reliable, friendly, supportive and well-prepared

4.9 (967 reviews)
11 Reviews in Devonport
24 Sales in Devonport

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Wendy Squibb

Sellers who recommend Wendy Squibb have praised them for being local expert, clear communication, friendly, responsive, supportive, reliable and hard-working

4.9 (197 reviews)
7 Reviews in Devonport
25 Sales in Devonport

View profile

James Blenkhorn

James Blenkhorn is an award winning recommended agent for Devonport. They have 17 local sales and collected 4 local reviews across the last 12 months.