6 Lambert StreetGeorge Town TAS 7253
Property Details for 6 Lambert St, George Town
6 Lambert St, George Town is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1954. The property has a land size of 744m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in August 2022.
Last Listing description (December 2022)
Price reduced even further. Owners want to sell ASAP and will accept the best offer around $133,000. This three bedroom home is in a desirable street, close to shops and schools. With an updated kitchen, good bathroom with bath and shower and the house recently repainted internally, this is an attractive investment opportunity.
You may find a cheaper house in George Town but with this home you will not need to spend $20,000 - $40,000 on a new Kitchen and/or Bathroom to attract and keep a good tenant,
It has a Daiken inverter heat pump, brand new HWS, lockup garage and garden shed. It also has the convenience of a separate toilet with both internal and external access to the laundry and toilet.
The current tenants have been in the property since November 2013 with the lease running to November 2015. The tenants have expressed a strong desire to stay long term after that time and are excellent tenants. The latest agents Condition Report confirms just how well the tenants are looking after the property.
The current rent is $185 per week with the market figure being $200 per week. Although this would give a return of 7.8% per annum gross, you may want to keep it at $185 to make sure you retain these fantastic tenants!
George Town has been experiencing very high occupancy rates in recent times with very few properties available to rent in this price bracket. A spreadsheet is available showing the number of properties available for rent each week in George Town in this price bracket since July 2014. There have also been very few properties advertised for sale around the $133,000 price mark so you will need to move quickly to secure this property.
While the tenants wish to stay in the property, they have kindly advised that they are prepared to move if someone wants to purchase the home for their own use and vacant possession is required by a purchaser.
George Town is on the banks of the Tamar River and is Australia's third-oldest settlement after Sydney and Hobart. It is a well serviced town supported by major industry, tourism, vineyards and orchards and is only 35 minutes from the City of Launceston.
A full range of primary and secondary schooling is supported by transport to Launceston for further studies including the University of Tasmania Launceston campus. A childcare centre, family day care and playgroups provide for the needs of families with younger children.
A good size full time medical practice, visiting services and the George Town District Hospital all service the areas health needs.
A variety of organised sports, both indoor and outdoor are offered, and numerous community groups meet regularly, catering for social interests.
All these add up to making George Town a great place to live or to own an investment property.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 6 Lambert St, George Town, TAS 7253
- 02 Aug 2022Sold for $322,000
- 15 Nov 2021Listed for Sale Offers Over $299,000
- 14 Oct 2019Listed for Sale Will accept best offer around $133,000.
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0About George Town 7253
The size of George Town is approximately 104.8 square kilometres. It has 26 parks covering nearly 26.7% of 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 2,690 properties. Over the last 5 years, Houses in George Town have seen a 50.01% increase in median value, while Units have seen a 60.63% increase. As at 31 March 2026:
- The median value for Houses in George Town is $441,892 while the median value for Units is $393,535.
- Houses have a median rent of $420 while Units have a median rent of $290.
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