4 Magnet Court, Waratah, TAS 7321 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
$279,000

4 Magnet Court
Waratah TAS 7321

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 116m2
Land area: 774m2
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Double the Opportunity, Double the Return

If you've been waiting for something a little different, this is it! 4 Magnet Court, Waratah delivers a rare dual-income setup with two adjoining units on one title, opening the door to strong returns and serious flexibility. Perfect for investors, dual-family living, or those looking to live in one and rent the other!
Under the one roof, the property comprises two adjoining units, each thoughtfully designed with open-plan living, kitchen, and dining areas that create a functional and low-maintenance layout. Both units are complemented by a reverse cycle air conditioner in the living area, ensuring comfort and efficiency all year round.
Each unit features a well-sized bedroom with built-in wardrobes, keeping things comfortable, practical, and well organised. Both units are serviced by their own bathroom. Whether utilised for rental purposes, shared family living, or a combination of both, the layout offers genuine flexibility.
Externally, both units feature their own fully fenced yard. A double undercover carport provides off-street parking and everyday convenience. Located in the peaceful township of Waratah, the area is known for its quiet lifestyle, strong community feel, and beautiful natural surrounds, making it an appealing and tightly held West Coast location.
A strong investment from day one, the property is currently tenanted fully furnished, providing investors with an immediate combined income of $410 per week ($205 per unit), with this strong return set to increase to $430 per week ($215 per unit) from June 2026, offering excellent income stability and peace of mind. The furnishings form part of the sale.
Note the advertising images are from when the units were used as short stay, as it is difficult to capture good advertsiing photos with permanent residential tenants in place with the addition of their own belongings. Given this, there may be minor discrepancies between advertising photos and physical condition.
For further information or to arrange an inspection, contact Ellie Walker today. Please be advised that a minimum of 48 hours' notice is required prior to inspections due to legislative requirements.
DISCLAIMER: While Elders Real Estate Burnie has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters

Property Details for 4 Magnet Ct, Waratah

4 Magnet Ct, Waratah is a 2 bedroom, 2 bathroom BlockOfUnits with 2 parking spaces. The property has a land size of 774m2 and floor size of 116m2. The place is currently for sale with Elders Real Estate Burnie.

Building Type
BlockOfUnits
Floor Size
116m2
Land Size
774m2
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About Waratah 7321

The size of Waratah is approximately 120.3 square kilometres. It has 4 parks covering nearly 15.3% of total area. The population of Waratah in 2016 was 245 people. By 2021 the population was 249 showing a population growth of 1.6% in the area during that time. The predominant age group in Waratah is 50-59 years. Households in Waratah are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Waratah work in a trades occupation.In 2021, 82.60% of the homes in Waratah were owner-occupied compared with 81.70% in 2016.

Waratah has 423 properties. Over the last 5 years, Houses in Waratah have seen a 65.30% increase in median value, while Units have seen a 73.46% increase. As at 30 April 2026:

  • The median value for Houses in Waratah is $265,031 while the median value for Units is $258,949.
There are currently 17 properties listed for sale, and no properties listed for rent in Waratah on OnTheHouse. According to Cotality's data, 20 properties were sold in the past 12 months in Waratah.

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