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12 Pershing Street, Mowbray TAS 7248

Offers Over $620,000

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$620k - $651k Transparent Transparent Listing Based on an openly advertised listing price.

House 7 Beds 2 Baths 1 Car 744 m²

Listed: 48 days ago

Updated: 16 hours ago

Overview

Situated on a generous 744 square metre parcel in the peaceful, no-through street of Mowbray, this expansive seven-bedroom home offers outstanding appeal for investors seeking strong rental returns and versatile accommodation.

The property is designed to comfortably house multiple occupants, making it ideal for investor portfolios aiming to maximise rental income. The layout includes two bathrooms and multiple toilets, together with shared kitchen and dining zones that promote communal living while maintaining privacy.

Completing the appeal are numerous off-street parking options including a single garage and separate carport, accommodating tenants' vehicles with ease. Extensive recent upgrades such as a new roof and gutters, updated plumbing and electrical systems including an upgraded switchboard, as well as reverse-cycle heating and a heat-pump hot-water system contribute to the home's functionality and efficiency.

Environmental and cost-saving features stand out with the installation of a significant 12.035kW solar power system in late 2022, representing a substantial investment that lowers operating costs. Additionally, a newly constructed 18-metre shed completed in 2023 offers valuable extra storage or workspace possibilities for tenants or owners.

Currently generating around $1,100 per week in rental income, this property provides an established and reliable revenue stream. Its attractive location close to local amenities, schools, public transport, and the Launceston CBD further strengthens its desirability for tenants and investors alike.

Overall, this sizeable residence combines flexibility, modern upgrades, and strong earnings potential, making it a notable investment opportunity in a well-regarded Mowbray location.

Local Market Insights

In Mowbray, Quiet Listings observed 26 new houses entering the market over the last 30 days, up from 18 during the previous 30-day period, with an average advertised asking price of $575,192. The property type mix of listed properties is predominantly Houses at 82%, followed by units (12%), and home for sales (6%). The most active agency for houses in the Mowbray area is currently Ian McCallum - Property Representative, representing 19% of new listings, followed by Harcourts with 15%. 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.