449 West Tamar RoadRiverside TAS 7250
Property Details for 449 West Tamar Rd, Riverside
449 West Tamar Rd, Riverside is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1950. The property has a land size of 1004m2 and floor size of 265m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (April 2022)
A rare opportunity here to secure three homes in one purchase with a 6% yield and potential for at least 7% with new leases. This property consists of a substantial three bedroom home, a separate two bedroom unit at the rear and a recently refurbished one bedroom flat. This property will appeal to the savvy investors and those looking to house large or extended families.
Overview:
* Excellent rental yield and potential for growth to 7% with three incomes
* Potential to live in one home and rent out the others, or multi use options eg office, studio, gym
* Total of 6 bedrooms, 3 bathrooms, 3 living across 273 sqm
* Fabulous water views from the house and rear unit
* Main house offers a lovely bay window in the lounge, secure garage with internal access
* Rear unit features raked ceilings, large living room & spacious deck with water views
* One bedroom unit has recently been refurbished with a brand new shower & new carpets
* Electric heating in each home
* Close to supermarkets, shops and quality private & public schools
* Close to tennis club, golf club, swimming pool & various community facilities
* Only 10 minutes' drive to Launceston's CBD
Contact Jeremy Wilkinson for further information.
Previous rental return: $695 pw (2 of the units are currently leased and will require at least 48 hours notice for inspections)
Rental estimate: $850 pw (based on the current market)
House size unit 3: 166 sqm
Unit size unit 1: 73 sqm
House size unit 2: 34 sqm
Land size: 1004 sqm
Built: 1953
Rates: $1750 pa
Council: West Tamar
Heritage listed: No
Best Offer Over $595,000
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
Property History for 449 West Tamar Rd, Riverside, TAS 7250
- 22 Feb 2022Sold for $701,000
- 15 Feb 2022Listed for Sale Best Offer Over $595,000
- 04 Nov 2003Sold for $136,640
Recent sales nearby
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About Riverside 7250
The size of Riverside is approximately 55.0 square kilometres. It has 7 parks covering nearly 2.6% of total area. The population of Riverside in 2016 was 6472 people. By 2021 the population was 7326 showing a population growth of 13.2% in the area during that time. The predominant age group in Riverside is 10-19 years. Households in Riverside are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riverside work in a professional occupation.In 2021, 73.30% of the homes in Riverside were owner-occupied compared with 72.70% in 2016.
Riverside has 3,496 properties. Over the last 5 years, Houses in Riverside have seen a 60.82% increase in median value, while Units have seen a 48.17% increase. As at 31 December 2025:
- The median value for Houses in Riverside is $714,532 while the median value for Units is $436,769.
- Houses have a median rent of $523 while Units have a median rent of $425.
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