216 Back River Road, New Norfolk

At this address is a house in 159378 New Norfolk TAS. Estimated value at this time is $260,000. Constructed in 1967, featuring 3 bedrooms, 1 bathroom.

ABOUT THE PROPERTY

Bedrooms
3
Bathrooms
1
Car spaces
1
Land size
670 m2
Building size
104 m2
Council area
Derwent Valley
Year built
1967
Lot plan
159378 New Norfolk TAS
House type
House



HISTORY

Last sold 13/06/2018
$205,000



LISTING DESCRIPTION
as of March 2018

Investor alert! With a long term tenant in place (approx. 12 years) that is very keen to stay on long term and with a gross return in excess of 6.5%, this property is a ripper! The current lease has many months to run. This is a very solid investment! The tidy weatherboard home sits on a level block with good sheds, 3 bedrooms (with study / nursery off the main) and is a minutes' walk from the local primary school. The exterior was recently painted, it has a tile roof and aluminium windows - it presents very well from the street. Historically New Norfolk enjoys a very low vacancy rate and rental returns are excellent. Whether you're adding to your portfolio or starting out as an investor, this property represents great value.