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3 & 4/26 McGough Street, Glenorchy TAS 7010

Offers Over $795,000

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$795k - $835k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 6 Beds 2 Baths 2 Cars 320 m² 180 m²

Listed: 16 days ago

Updated: 9 hours ago

Overview

Positioned just 9 kilometres from the city in Glenorchy, adjacent to Northgate Shopping Centre and the scenic Montrose Foreshore Park, this listing offers a rare opportunity with two dwellings from a four-unit complex entering the market simultaneously.

Unit 3, a modern construction completed in 2020, boasts a unique dual occupancy design spread across two levels, offering six bedrooms and 2.5 bathrooms with two open plan kitchens and living areas. The property carries a 6-year statutory warranty, making it particularly appealing for investors interested in a tax depreciating asset. Currently tenanted with a non-fixed term lease, it generates a weekly income of $1,200.

In contrast, Unit 4 provides a traditional residence built in 1949, featuring a north-east aspect that floods the home with natural light. It includes three bedrooms, two with built-in wardrobes, plus a sunroom and study area. The open plan kitchen and dining spaces complement a formal lounge warmed by a heat pump. The property offers a spacious family bathroom with a spa bath and separate toilet, presenting potential for renovation and value addition. It is currently tenanted at $600 per week on a non-fixed term lease.

This dual offering within a carefully developed complex offers a strategic investment or multi-family living opportunity, suitable for buyers who appreciate the blend of contemporary design and classic charm within a thriving suburb.

Local Market Insights

In Glenorchy, Quiet Listings observed 12 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 $594,500. The property type mix of listed properties is predominantly Houses at 57%, followed by units (32%), and land (5%). The most active agency for units in the Glenorchy area is currently Petrusma Property – Sandy Bay, representing 33% of new listings, followed by EIS Property with 25%. 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.