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2 Mungala, Miandetta TAS 7310

Offers Over $590,000

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$590k - $620k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 1 Bath 1 Car 766 m²

Listed: 2 days ago

Overview

This well-maintained 4-bedroom brick property in Miandetta offers a spacious family-friendly environment with the convenience of nearby facilities and services in Devonport. Its location backing onto parkland effectively extends the usable outdoor area, which benefits families by providing a safe and fenced space for children to play freely.

The sizable block, approximately 766 square meters, accommodates off-street parking and a single carport, enhancing daily practicality and vehicle protection. The home features durable brick veneer construction from 1968 under an iron roof, offering a robust structure and requiring minimal upkeep. The addition of a reverse cycle air conditioner ensures comfortable living throughout the year.

Investors will appreciate the long-term tenancy arrangement with a well-established company occupying the home for nine years and proposing a further 12-month lease at $685 per week. This stable income stream implies an approximate 6% gross return based on the asking price, with rent paid directly by the tenant company, eliminating property management fees and offering guaranteed income regardless of occupancy.

Overall, this residence caters well to investors seeking reliable tenancy and families desiring a practical home in an accessible location, united by a tempting combination of stability, space, and convenience.

Local Market Insights

In Miandetta, Quiet Listings observed 51 new houses entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $765,529. The property type mix of listed properties is predominantly Houses at 72%, followed by units (13%), and land (8%). The most active agency for houses in the Miandetta area is currently Halliwell Property Agents, representing 29% of new listings, followed by Harcourts with 16%. 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.