5A Ray Street, Invermay, TAS 7248 | Property Value & History | OnTheHouse
OFF MARKET

5A Ray Street
Invermay TAS 7248

Bedrooms: -
Bathrooms: 1
Car spaces: -
Floor area: 60m2
Land area: 2076m2
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Property Details for 5a Ray St, Invermay

Building Type
Commercial
Year Built
1950
Floor Size
60m2
Land Size
2076m2
Local Government
Launceston
Lot/Plan
1/75206

Last Listing description (June 2015)

Here is one of those opportunities that only come up once in a life time. Here is a 2,076 square metre block of land that at the moment has sheds, workshops and offices and is currently being used to run a business. This size block of land is near impossible to find so close to the city with truck access and plenty of room to move. The other alternative is to demolish the current buildings and build a number of town houses which would sit in amongst many historic homes and with dual access from both Ray Street and Rooms Avenue.
The potential here is huge.

Property History for 5a Ray St, Invermay, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$250,000
21 Nov 2014
  • 17 Apr 2015
    Listed for Sale Offers Over $299,000
  • 21 Nov 2014
    Sold for $250,000
  • 08 Apr 2010
    Listed for Sale Not Disclosed
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About Invermay 7248

The size of Invermay is approximately 4.1 square kilometres. There are 9 parks, covering nearly 21.5% of the total area. The population of Invermay in 2016 was 3061 people. By 2021 the population was 3498 showing a population growth of 14.3% in the area during that time. The predominant age group in Invermay is 20-29 years. Households in Invermay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Invermay work in a professional occupation.In 2021, 46.50% of the homes in Invermay were owner-occupied compared with 44.00% in 2016.

Invermay has 2,058 properties. Over the last 5 years, Houses in Invermay have seen a 46.23% increase in median value, while Units have seen a 47.64% increase. As at 30 June 2026:

  • The median value for Houses in Invermay is $564,537 while the median value for Units is $469,199.
  • Houses have a median rent of $500 while Units have a median rent of $403.
There are currently 16 properties listed for sale, and 5 properties listed for rent in Invermay on OnTheHouse. According to Cotality's data, 116 properties were sold in the past 12 months in Invermay.

Suburb Insights for Invermay 7248

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Cotality Copyright and Legal Disclaimers about Property Data
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.