Affordable New Norfolk Investment Opportunity

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32 Dixon Street, New Norfolk TAS 7140

Offers Over $515,000

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$515k - $541k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 3 Cars 856 m² 94 m²

Listed: 19 days ago

Updated: 8 hours ago

Overview

This classic 1963-built house offers an excellent entry point for investors seeking steady rental returns in the welcoming township of New Norfolk. Its original character complements a practical and efficient layout encompassing three bedrooms and a single bathroom. The fully fenced yard enhances privacy and security while providing a versatile outdoor space.

Currently leased until May 2027 with a consistent rental income of $500 per week, this property benefits from an established tenant base, appealing to investors looking to secure reliable cash flow. The substantial land size of 856 square meters contributes ample outdoor capacity for future enhancements or recreational use, while the modest 94 square meter building footprint promises manageable maintenance commitments.

New Norfolk is favored for its scenic environment, rich historical appeal, and strong community values, combined with ready access to shops, schools, sports clubs, cafes, and essential services. This blend of features supports a balanced lifestyle for residents and ensures continued demand for properties in the area.

Overall, this property offers a well-positioned investment opportunity within a growing market, suitable for investors launching a portfolio or expanding an existing one. The practical layout, established tenancy, and strong regional amenities combine to create a sound investment with immediate income potential.

Local Market Insights

In New Norfolk, Quiet Listings observed 25 new houses entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $753,400. The property type mix of listed properties is predominantly Houses at 60%, followed by land (26%), and units (12%). The most active agency for houses in the New Norfolk area is currently Petrusma Property – Sandy Bay, representing 60% of new listings. 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.