85-89 Reibey StreetUlverstone TAS 7315
Property Details for 85-89 Reibey St, Ulverstone
Last Listing description (May 2011)
What a wonderful investment opportunity!!
With two commercial properties and one residential home right in the fast growing town of Ulverstone, this is a property that must not pass your list of inspections.
The two bedroom federation home has recently been painted and has many wonderful character features including lovely polished floorboards, high ceilings and open fireplaces with stunning mantle pieces in nearly every room.
of heating however, is the wood heater in the main lounge.
The kitchen has recently been updated and has plenty of bench and cupboard space.
A formal dining room or office/study, is currently being used as an artists studio.
Outside, you will find a wood shed and extra storage shed with laundry and a large enclosed yard that also has street frontage to ''The Quadrant'' allowing for further possible development.
The lovely tenants have been renting the home for 15 years and are keen to stay on, however, the home also lends itself to being live - in quarters for someone wanting to run the two businesses connected to the home.
The shop fronts are currently leased to two successful retail businesses providing an immediate income from all three leases upon settlement.
Details of lease agreements are available by request from the Ulverstone office.
Property History for 85-89 Reibey St, Ulverstone, TAS 7315
- 24 Mar 2021Sold for $550,000
- 30 May 2011Sold for $355,000
- 14 May 2011Listed for Sale $365,000
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0About Ulverstone 7315
The size of Ulverstone is approximately 16.6 square kilometres. There are 14 parks, covering nearly 3.7% of the total area. The population of Ulverstone in 2016 was 6465 people. By 2021 the population was 6653 showing a population growth of 2.9% in the area during that time. The predominant age group in Ulverstone is 60-69 years. Households in Ulverstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ulverstone work in a community and personal service occupation.In 2021, 70.10% of the homes in Ulverstone were owner-occupied compared with 67.70% in 2016.
Ulverstone has 3,904 properties. Over the last 5 years, Houses in Ulverstone have seen a 53.97% increase in median value, while Units have seen a 51.17% increase. As at 31 August 2026:
- The median value for Houses in Ulverstone is $618,603 while the median value for Units is $500,243.
- Houses have a median rent of $480 while Units have a median rent of $410.
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