1 Eddington Crescent Floorplan

1 Eddington Crescent, Invermay

Not far from the University and on reliable bus route, this large home has been split into 3 flats. All units offer their own private entrance and there is enough parking for several cars at the rear. The owner has just gone to considerable expense re-furbishing unit 2 and it is now finished and ready for a new tenant. New rental estimate is approx $130 p.w (was $115 p.w). Unit 1 rents for $155p.w, unit 2 rents for $135p.w and unit 3 rents for $110 p.w . an approx return of $400 p.w is possible here. If you do the math, that's not bad at all. The remaining two units could do with an update but with one out of the way there is plenty of upside left in this house yet. This location offers easy access to shops and other amenities and is only 1.8km from the University of Tasmania Invermay Campus. So if you are looking for an investment that makes sense and has a great return, give me a call today to arrange an inspection.

3 Bedrooms 3 Bathrooms

Jarrah Burns

Phone 0448 364 064


Address 48 Brisbane Street Launceston, TAS 7250 Australia