42 Lincoln StreetLindisfarne TAS 7015
Property Details for 42 Lincoln St, Lindisfarne
42 Lincoln St, Lindisfarne is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1959. The property has a land size of 617m2 and floor size of 343m2. While the property is not currently for sale or for rent, it was last sold in January 2019.
Last Listing description (April 2019)
An exciting opportunity has become available to purchase this mixed use holding with two retail shops facing the main street on Lincoln with a residence to the rear. The home offers three bedrooms, one bathroom and a garage area underneath including substantial storage, which may be a valuable use of space for the shops
in the future for Owner occupiers.
Zoned as General Business, with a combined Gross Annual Income of approximately $48,150 the leases are current with Shop 1 having a lease expiry in October 2020, Shop 2 has a lease in place until December 2019 and the residence has a lease until March 2019.
Shop 2 may have the future potential to separate the tenancy into two being the larger of the two shops with two street front entrances.
Currently both commercial tenancies contribute to the outgoings; land tax, council rates and water service charges.
Lindisfarne Village is a high growth area and the astute investor could further grow this portfolio to generate higher returns by a little modernizing and imagination. A fantastic long-term investment opportunity is waiting for you.
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The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
Property History for 42 Lincoln St, Lindisfarne, TAS 7015
- 30 Jan 2019Sold for $825,000
- 22 Nov 2018Listed for Sale Expressions of Interest
- 09 Feb 2018Listed for Rent - Price not available
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0About Lindisfarne 7015
The size of Lindisfarne is approximately 6.9 square kilometres. It has 8 parks covering nearly 25.0% of total area. The population of Lindisfarne in 2016 was 6179 people. By 2021 the population was 6639 showing a population growth of 7.4% in the area during that time. The predominant age group in Lindisfarne is 30-39 years. Households in Lindisfarne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lindisfarne work in a professional occupation.In 2021, 70.00% of the homes in Lindisfarne were owner-occupied compared with 71.30% in 2016.
Lindisfarne has 2,849 properties. Over the last 5 years, Houses in Lindisfarne have seen a 29.60% increase in median value, while Units have seen a 36.83% increase. As at 30 November 2025:
- The median value for Houses in Lindisfarne is $799,251 while the median value for Units is $561,608.
- Houses have a median rent of $600 while Units have a median rent of $500.
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