22 Penna Road, Midway Point, TAS 7171 | Property Value & History | OnTheHouse
 
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22 Penna Road
Midway Point TAS 7171

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 114m2
Land area: 908m2
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Property Details for 22 Penna Rd, Midway Point

22 Penna Rd, Midway Point is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1922. The property has a land size of 908m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Year Built
1922
Floor Size
114m2
Land Size
908m2
Local Government
Sorell
Lot/Plan
4/215719

Last Listing description (February 2022)

Just a short scenic drive over the glistening water ways to Midway Point, lies this substantial 908 sqm residential zoned allotment, the opportune location for a strata title development (STCA) or project for a savvy home buyer to capitalise on this large block in a growing and ever popular location.

With direct access via Penna Road, and benefitting from no registered easements, this property features a 3 bedroom, 1 bathroom home with large lounge room and kitchen, as well as an existing one bedroom ancillary dwelling measuring 38 sqm, that is equipped with power and water and could be utilized as additional accommodation, a studio space, workshop or demolished to enable potential development.

- 908 sqm allotment with General Residential zoning
- Strata unit development opportunity for multiple dwellings (STCA)
- No registered easements
- Potential rental return of $440 - $490 per week approx.
- Existing 3 bedroom, 1 bathroom home
- Ancillary dwelling, studio or workshop space
- Lock up garage
- Connected NBN
- Close to local services, schools and water ways
- 5 minute drive to Sorell and under 30 minute drive to Hobart CBD

Construction: Weatherboard
Roof: Iron
Annual Council Rates: $1,400 approx.
Annual Water Rates: $1,600 approx.

Get to know Midway Point
Midway Point has so much to offer, whether you are the adventurous type searching for nearby walking tracks, pristine water ways for the avid fisherman or the golf enthusiast looking to enjoy nearby Pittwater Golf Club. Sorell shopping centre is just a five minute drive and offers plenty of services from banks, medical centres, post office, Telstra shop and Service Tasmania.
For a day out, you are only a short drive to the ever-popular Coal River Valley and Richmond Village where you can sit back and enjoy local food, wine and stunning scenery.

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Property History for 22 Penna Rd, Midway Point, TAS 7171

A timeline of how this property has performed in the market
Last Sold
$515,000
29 Nov 2021
  • 29 Nov 2021
    Sold for $515,000
  • 22 Nov 2021
    Listed for Sale Offers Over $445,000
  • 24 Sep 2015
    Sold for $36,987
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About 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 1,764 properties. Over the last 5 years, Houses in Midway Point have seen a 45.23% increase in median value, while Units have seen a 59.50% increase. As at 30 November 2025:

  • The median value for Houses in Midway Point is $640,941 while the median value for Units is $540,049.
  • Houses have a median rent of $595 while Units have a median rent of $450.
There are currently 7 properties listed for sale, and 4 properties listed for rent in Midway point on OnTheHouse. According to Cotality's data, 107 properties were sold in the past 12 months in Midway point.

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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.

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