198 Agnes Street, George Town, TAS 7253 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
Offers Over $649,000

198 Agnes Street
George Town TAS 7253

Bedrooms: 3
Bathrooms: 3
Car spaces: 3
Floor area: 127m2
Land area: 1014m2
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3 Units on One Title | 1,014m² | $890pw Return | 7.1% Gross Yield

A rare opportunity to secure an entire block of three fully self-contained residential units on one title, offering three income streams, no body corporate fees and a substantial 1,014m² landholding.
Currently returning $890 per week / $46,280 per annum, the property represents an attractive gross yield of approximately 7.1% at $649,000, with all three units securely leased into 2027.
Current Rent & Leases
Unit 1 - $290 per week - leased until March 2027 (rent increase due March 27)
Unit 2 - $300 per week - leased until September 2027
Unit 3 - $300 per week - leased until October 2027
Rates $5826 p.ann.
Each one-bedroom brick veneer unit is fully self-contained and includes its own kitchen with pantry and combined bathroom/laundry.
More Than 1,000m² of Land
An additional feature of this investment is the generous 1,014m² allotment, with approximately 500m² of largely unused land at the rear.
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Property Details for 198 Agnes St, George Town

198 Agnes St, George Town is a 3 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces and was built in 1966. The property has a land size of 1014m2 and floor size of 127m2. The place is currently for sale with Harcourts East Tamar.

Building Type
BlockOfUnits
Year Built
1966
Floor Size
127m2
Land Size
1014m2
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About George Town 7253

The size of George Town is approximately 104.8 square kilometres. There are 26 parks, covering nearly 26.7% of the total area. The population of George Town in 2016 was 4347 people. By 2021 the population was 4536 showing a population growth of 4.4% in the area during that time. The predominant age group in George Town is 60-69 years. Households in George Town are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in George Town work in a labourer occupation.In 2021, 62.70% of the homes in George Town were owner-occupied compared with 59.20% in 2016.

George Town has 2,733 properties. Over the last 5 years, Houses in George Town have seen a 58.24% increase in median value, while Units have seen a 31.81% increase. As at 31 August 2026:

  • The median value for Houses in George Town is $482,619 while the median value for Units is $429,512.
  • Houses have a median rent of $440 while Units have a median rent of $300.
There are currently 51 properties listed for sale, and 16 properties listed for rent in George town on OnTheHouse. According to Cotality's data, 174 properties were sold in the past 12 months in George town.

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David Woods
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Melissa Bennett
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Harcourts East Tamar
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