14 Russell Street, Evandale, TAS 7212 sold on 31 March 2025 | OnTheHouse
 
SOLD
Sold on 31 Mar 2025 for $900,000

14 Russell Street
Evandale TAS 7212

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
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Property Details for 14 Russell St, Evandale

14 Russell St, Evandale is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1980. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 2 bedroom House sold in Evandale in the last 12 months.

Building Type
House
Year Built
1980
Local Government
Northern Midlands
Lot/Plan
1/29137

Last Listing description (June 2025)

Charming Rear Cottage + Excellent Commercial Opportunity!

Welcome to 14 Russell Street, a unique and charming property nestled in the heart of Evandale, TAS. This delightful cottage offers an outstanding investment opportunity, perfectly tailored for savvy investors, discerning retirees, or mainlanders seeking a tranquil retreat with the added advantage of a commercial income stream.
Comprising two well-appointed bedrooms and a single bathroom, this quaint cottage sits on a generous 869 square metre parcel of land. Thoughtfully updated while retaining its original charm, the home boasts ample character and space, making it a truly inviting retreat. A large wood heater serves as the heart of the home, ensuring warmth and comfort during the cooler months.
For those with an eye on the bottom line, the commercial tenancy is a highlight, currently leased as a bustling caf until November 2028, generating an annual income of $27,583 p/a. The commercial space benefits from new LED lighting in most areas, solar panels, and fresh paint on parts of the roof and shopfront windows. The property boasts a recently extended kitchen and a power upgrade, ensuring modern convenience. Additionally, the boundary fence has been replaced on the drive side, enhancing the security of the property.

The property's location is second to none, offering good capital growth potential in a sought-after suburb. Situated in close proximity to Launceston airport and CBD, this is the perfect location for unique commercial tenancies. Moreover, the property enjoys the charm of being part of a historic village, though it is not heritage listed, providing an ideal blend of past and future potential.
With the rear cottage for personal use or additional rental income, and the main street commercial tenancy providing a reliable income, this property represents a remarkable investment. Two parking spaces complete the picture, ensuring that 14 Russell Street is as practical as it is enchanting. This is a rare opportunity to own a slice of Evandale's heritage with a contemporary twist.

Council rates: $958 p/q approx.
Water rates: $600 p/q approx.
Building size: 140m2 approx. + Commercial tenancy
Land size: 869m2 approx.

Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 14 Russell St, Evandale, TAS 7212

A timeline of how this property has performed in the market
Last Sold
$900,000
31 Mar 2025
  • 31 Mar 2025
    Sold for $929,000
  • 18 Mar 2025
    Listed for Sale Offers Over $899,000
  • 04 Jul 2015
    Listed for Rent $10,000 p.a. Plus GST (if any) Plus Outgoings
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About Evandale 7212

The size of Evandale is approximately 111.3 square kilometres. It has 6 parks covering nearly 0.1% of total area. The population of Evandale in 2016 was 1345 people. By 2021 the population was 1265 showing a population decline of 6.0% in the area during that time. The predominant age group in Evandale is 60-69 years. Households in Evandale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Evandale work in a professional occupation.In 2021, 80.60% of the homes in Evandale were owner-occupied compared with 78.40% in 2016.

Evandale has 691 properties. Over the last 5 years, Houses in Evandale have seen a 55.22% increase in median value, while Units have seen a 79.38% increase. As at 30 November 2025:

  • The median value for Houses in Evandale is $627,186 while the median value for Units is $468,400.
  • Houses have a median rent of $490.
There are currently 4 properties listed for sale, and 1 property listed for rent in Evandale on OnTheHouse. According to Cotality's data, 26 properties were sold in the past 12 months in Evandale.

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© Copyright 2025. 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.

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