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Overview
This pair of compact one-bedroom units offers an excellent investment opportunity characterized by simplicity and reliability. Their proven track record of long-term tenancy ensures a steady rental income, making them highly attractive to investors seeking a low-maintenance, hands-off asset.
The units require minimal upkeep, presenting a straightforward 'set and forget' option for portfolios. Their surface car parking, built-in robes, and air conditioning add to tenant comfort and appeal while nearby amenities like schools, shops, and transport links enhance their desirability.
Such properties hold particular value in today's market, where consistent returns without the need for significant upgrades are increasingly rare. These units embody the blend of stability and convenience that suits investors prioritizing solid performance and ease of management.
- Well-suited for investors seeking dependable, low-maintenance rental properties
- Compact and efficiently designed living spaces with essential amenities
- Close proximity to schools, shopping, and transport contributes to tenant retention
- Surface car parking enhancing convenience
Local Market Insights
In Newnham, Quiet Listings observed 8 new units entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $446,813. The property type mix of listed properties is predominantly Houses at 72%, followed by units (20%), and land (6%). The Agency was the most active agency in this area, representing 34.3% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Newnham TAS 7248
Market Insights for Newnham TAS 7248
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