Property Details for 16-18 Smith St, Devonport
16-18 Smith St, Devonport is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. While the property is not currently for sale or for rent, it was last sold in May 2011.
Last Listing description (November 2025)
Astute Investors take note!! 10 x 2 Bed Unit Complex
Safeguard your future investment in Bricks and Mortar
Safeguard your portfolio in one of the safest investment sectors
Safeguard your passive income.
This particular CBD located property has outperformed many commercial superfunds for its owner over the last 14 years and they are now in the retiring phase of de-investing.
Current rent appraisals see the units comfortably reaching $320PW giving a gross yield of over 5.5%
Each 2-bedroom 1-bathroom unit has been renovated in recent times allowing the complex to enjoy a low maintenance future. Featuring a generous open plan kitchen dining living space. The neutral tones throughout and light filled with all day sun and off-street parking invites relaxed city living. Recent improvements include updated wiring, plumbing, new roof and guttering.
This unit complex is ideally located close to schools, gym, shops, restaurants, sporting facilities and a 5-minute stroll to Rooke St and the city's main commercial centre.
This property is very popular with tenants for all the above reasons guaranteeing a stable passive investment income for years to come.
Property History for 16-18 Smith St, Devonport, TAS 7310
- 26 Aug 2025Listed for Sale $3,180,000
- 15 Jan 2024Listed for Sale $3,180,000
- 16 Feb 2018Listed for Rent - Price not available
Recent sales nearby
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0About Devonport 7310
The size of Devonport is approximately 10.2 square kilometres. It has 15 parks covering nearly 13.3% of total area. The population of Devonport in 2016 was 13759 people. By 2021 the population was 14481 showing a population growth of 5.2% in the area during that time. The predominant age group in Devonport is 50-59 years. Households in Devonport are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Devonport work in a community and personal service occupation.In 2021, 61.00% of the homes in Devonport were owner-occupied compared with 59.40% in 2016.
Devonport has 7,665 properties. Over the last 5 years, Houses in Devonport have seen a 65.47% increase in median value, while Units have seen a 55.14% increase. As at 28 February 2026:
- The median value for Houses in Devonport is $560,235 while the median value for Units is $419,351.
- Houses have a median rent of $480 while Units have a median rent of $400.
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