31 Sorell Street, George Town, TAS 7253 | Unit for sale | OnTheHouse
 
FOR SALE
$700,000

31 Sorell Street
George Town TAS 7253

Bedrooms: 6
Bathrooms: 3
Car spaces: 5
Land area: 716m2
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Units 1,2,3 / 31 Sorell Street George Town Better than money in the Bank.

Investors, take note – Rarely do opportunities like this come to market, a well-maintained block of three units presenting an investment that is truly “better than money in the bank”.
Comprising a total of six bedrooms and three bathrooms, each unit individually offers two bedrooms alongside an open plan living area, with modern comforts abound with updated kitchens and bathrooms across the portfolio.
Tenant satisfaction is high, as reflected in the long-term rental history and excellent occupancy rates. Three undercover parking spaces ensure convenience, plus additional off-street parking for visitors.
The property sits on a substantial 716m² parcel of land, just a leisurely three to four minute stroll from George Town’s vibrant centre – so shops, cafes, and all amenities are right on the doorstep.
Currently returning an impressive 8% gross yield with secure leases in place, this is a turnkey investment for those seeking solid returns in a rapidly growing area.
For further information or to arrange a confidential discussion, please contact us today. Don’t miss this opportunity to grow your portfolio with a blue-chip asset.
Howell Property Group 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 its validity. Prospective clients are advised to carry out their own investigations.

Property Details for 31 Sorell St, George Town

31 Sorell St, George Town is a 6 bedroom, 3 bathroom Unit with 5 parking spaces. The property has a land size of 716m2. The place is currently for sale with Howell Property Group.

Building Type
Unit
Land Size
716m2
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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 2,719 properties. Over the last 5 years, Houses in George Town have seen a 61.88% increase in median value, while Units have seen a 55.29% increase. As at 31 July 2026:

  • The median value for Houses in George Town is $482,555 while the median value for Units is $454,874.
  • Houses have a median rent of $440 while Units have a median rent of $300.
There are currently 41 properties listed for sale, and 13 properties listed for rent in George town on OnTheHouse. According to Cotality's data, 177 properties were sold in the past 12 months in George town.

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Daron Gumley
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Howell Property Group
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