11-13 Karachi StreetMidway Point TAS 7171
Property Details for 11-13 Karachi St, Midway Point
11-13 Karachi St, Midway Point is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 690m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in July 1991.
Last Listing description (April 2018)
First time buyers and retirees will love the value these neat, tidy, low maintenance and level units represent. Investors too can reap the high yielding, low vacancy rewards on offer in these two strata titled units to be sold separately or together.
Maintaining 100% occupancy for over 16 years, they are currently leased until August 2018 at $290 per week to long term tenants. This provides a healthy no fuss 6% gross return for your portfolio or self managed super fund. They are currently self managed, however our rental team have appraised the rents higher in the current market at between $300 to $320 per week.
Each comprising a carport, 2 bedrooms, 1 bath room, separate laundry and toilet - and contemporary open plan kitchen, dining and lounge room - the comfortable homes are light, bright, and airy.
Set on good sized fully fenced, sunny strata blocks of approximately 244m2 there is room for pets, or kids to play happily, or to nurture a productive veggie patch or pretty floral garden.
Midway Point is only 20 minutes drive to Hobart CBD, 7 minutes to the airport, 8 minutes to large retail and services hubs at Sorell or Cambridge, and it forms the gateway to all the wonderful adventure awaiting you up the East Coast or Tasman Peninsular.
All the boxes are ticked for a perfect first home, retiree's haven, or sound investment that will just keep on giving - move quickly on these!
? Perfect high yielding growth investment with great water outlooks
? Neat, tidy and level, with contemporary floor plan
? Low maintenance brick, tile, and aluminium window frame construction
? Single carport, fully fenced private and sunny yards
? Leased for $290/week (6% gross yield) until August 2018
? Close to popular Cambridge school nine minutes drive away
? Eight minutes drive to major retail hubs, twenty minutes to Hobart
Property History for 11-13 Karachi St, Midway Point, TAS 7171
- 21 Feb 2018Listed for Sale Offers Over $245,000
- 12 Jul 1991Sold for $275,000
Recent sales nearby
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0About Midway Point 7171
The size of Midway Point is approximately 2.1 square kilometres. It has 6 parks covering nearly 19.4% of total area. The population of Midway Point in 2016 was 2859 people. By 2021 the population was 3384 showing a population growth of 18.4% in the area during that time. The predominant age group in Midway Point is 30-39 years. Households in Midway Point are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Midway Point work in a clerical occupation.In 2021, 74.00% of the homes in Midway Point were owner-occupied compared with 72.70% in 2016.
Midway Point has 1,762 properties. Over the last 5 years, Houses in Midway Point have seen a 44.56% increase in median value, while Units have seen a 46.03% increase. As at 31 October 2025:
- The median value for Houses in Midway Point is $624,306 while the median value for Units is $515,923.
- Houses have a median rent of $590 while Units have a median rent of $450.
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