8/3 Rankine Street, Riverside, TAS 7250 | Unit for sale | OnTheHouse
 
FOR SALE
Offers Over $295,000

8/3 Rankine Street
Riverside TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 45m2
Land area: 77m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

A Neat & Tidy Investment with Long Term Tenancy

If you're looking for a straightforward investment with excellent tenants already in place, this neat and tidy unit deserves your attention.
Built in 1977 and positioned on an upper level within a well established unit complex, this property offers a simple and practical floorplan with an allocated single carport.
Located in the ever popular suburb of Riverside, the apartment is exceptionally easy to maintain, making it an appealing option for investors seeking a property that doesn't demand a long list of immediate improvements.
A Pre-Sale Building Inspection Report has already been completed for buyer convenience with no structural issues noted.
Currently leased until 16 October 2027 at $330 per week, the property provides the significant benefit of a secure tenancy and reliable rental income already in place.
Whether you're looking to add a low maintenance property to your existing portfolio or are taking your first step into property investment, this is an opportunity worth considering.
Contact Rae to arrange a private inspection.
Annual West Tamar Council rates - $1,252.61
Annual TasWater rates $634.28 + usage
Annual Coast to Coast Body Corporate Fees $1,435.68
See More

Property Details for 8/3 Rankine St, Riverside

8/3 Rankine St, Riverside is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 77m2 and floor size of 45m2. The place is currently for sale with Flanagan Residential Pty Ltd - LAUNCESTON.

Building Type
Unit
Floor Size
45m2
Land Size
77m2
Commute Calculator

About Riverside 7250

The size of Riverside is approximately 55.0 square kilometres. There are 7 parks, covering nearly 2.6% of the total area. The population of Riverside in 2016 was 6472 people. By 2021 the population was 7326 showing a population growth of 13.2% in the area during that time. The predominant age group in Riverside is 30-39 years. Households in Riverside are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riverside work in a professional occupation.In 2021, 73.30% of the homes in Riverside were owner-occupied compared with 72.70% in 2016.

Riverside has 3,521 properties. Over the last 5 years, Houses in Riverside have seen a 35.62% increase in median value, while Units have seen a 38.06% increase. As at 31 August 2026:

  • The median value for Houses in Riverside is $751,250 while the median value for Units is $490,658.
  • Houses have a median rent of $605 while Units have a median rent of $460.
There are currently 22 properties listed for sale, and 7 properties listed for rent in Riverside on OnTheHouse. According to Cotality's data, 147 properties were sold in the past 12 months in Riverside.

Riverside Profile Page

Suburb Insights for Riverside 7250

Visit Riverside profile page
Market Insights
Riverside Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Riverside Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Riverside profile page
Contact agent
agent headshot
Rae Smith
Show contact details
Call agent
Flanagan Residential Pty Ltd - LAUNCESTON
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED