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50 Mayfield Street, Mayfield TAS 7250

For Sale Buyers Guide Mid $500ks

Search Band Search Visibility Band

$500k - $600k High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 3 Cars 536 m² 101 m²

Listed: 27 days ago

Updated: 5 hours ago

Overview

Offering a solid investment opportunity or an ideal first home, this updated three-bedroom house in Mayfield features a thoughtfully refreshed interior and a practical, low-maintenance layout. Recent renovations bring modern convenience with new blinds, LED lighting, a new oven, and dishwasher, enhancing the home's functionality and livability.

The home presents three comfortable bedrooms and a bathroom, complemented by the added value of two toilets, catering to family needs or rental tenant comfort. The living areas are designed for ease of maintenance and enjoyment, supporting a relaxed lifestyle.

Externally, the property benefits from ample off-street parking to accommodate multiple vehicles, which is a significant advantage for families or tenants. The 536 sqm block offers flexibility with side street access, allowing for the potential addition of a secondary residence at the rear, subject to council approval, creating an opportunity for extra rental income.

For investors, this property is particularly attractive due to its current lease at $510 per week secured until May 2027, providing dependable rental returns from day one. Additional features like solar power assist with managing living costs, while proximity to Launceston ensures convenient access to urban amenities.

Built in 1955, with a building size of approximately 101 sqm, this home merges traditional charm with modern updates, appealing to those seeking a well-positioned, income-generating asset or a comfortable starter home in a convenient location.

Local Market Insights

In Mayfield, Quiet Listings observed 61 new houses entering the market over the last 30 days, up from 46 during the previous 30-day period, with an average advertised asking price of $776,230. The property type mix of listed properties is predominantly Houses at 57%, followed by land (21%), and units (15%). The most active agency for houses in the Mayfield area is currently Harcourts, representing 20% of new listings, followed by Harrison Humphreys Real Estate with 18%. 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.