For Sale

15 Eddington Crescent, Invermay, Tas 7248

Offers Over $895,000

Unit

Type

Bedrooms

Bathrooms

Parkings

971 m²

Area

Last updated on Friday, October 23, 2026 ( See property details for 15 Eddington Crescent, Invermay, Tas 7248)

Offers Over $895,000

Gary Thomas Property Sales Representative / Auctioneer

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A fully council-approved, converted multi-unit property in Invermay offering reliable rental income and strong tenant demand.

🏡 Property Highlights

Fully council approved converted property with three separate units
Consistent rental income of $64,740, soon increasing to $66,300 from January 2027
Located in Invermay close to schools, public transport, and shopping centres
Recently repainted externally, enhancing curb appeal
Low vacancy rate due to high demand for rental properties in Launceston
Generates a reliable income stream in a vital part of Launceston's rental market

✨ Key Features

Built in robes
Open-Plan Living
Fully fenced
Water tank
External repaint
Council approved
Multiple units
Close to schools
Close to public transport
Close to shopping centres

Suburb and Property Insights of Invermay, TAS 7248

Invermay is a vibrant suburb in Launceston, renowned for its convenient access to schools, public transport, and shopping centres. It offers excellent rental demand, a friendly community atmosphere, and proximity to the CBD, making it an ideal location for investors seeking consistent returns and tenants seeking convenience. The area benefits from ongoing development and strong local amenities, ensuring long-term growth potential.

Frequently Asked Questions

What is the current rental income and potential for future growth?

The property currently generates $64,740 annually, with a planned increase to $66,300 from January 2027, indicating strong and growing rental returns.

Are the units separately metered and independently accessible?

Yes, the property has been converted into separate units, each with independent access, fully council approved.

What are the ongoing maintenance and management requirements?

The property has recently been repainted externally, and being a multi-unit setup, it typically requires regular maintenance and efficient management to ensure continued tenant satisfaction.

Is there any body corporate or strata management involved?

The property is fully council approved and converted into separate units; specific strata or body corporate arrangements should be confirmed with local authorities.

What are the zoning and planning restrictions for this property?

The property is fully council approved for multi-unit use; however, prospective buyers should verify zoning details with the local council for any future development or restrictions.

What to ask about this property to agent?

Are there any hidden costs associated with the property, such as upcoming council rates or maintenance fees? Have all necessary approvals and permits been obtained for the conversion into multiple units? Are there any existing or potential zoning restrictions that could affect future use or development? Is there any history of structural issues or repairs needed for the building? Are there any easements, covenants, or planning overlays affecting the property? What is the condition of the roof, plumbing, and electrical systems? Are there any planned developments or construction projects nearby that could impact the property? What are the noise levels and neighbour relations like in the area? Is the property located in a flood or bushfire-prone zone? Are there any strata or body corporate fees applicable, and what do they cover?

15 Eddington Crescent, Invermay, Tas 7248 - More Details

Offers Over $895,000

Located in Invermay close to schools, bus route, Mowbray Shopping Centre and ten minutes from the C.B.D. finds this money making machine.

It's a house converted into 2 x 2 bedroom units and a 1 bedroom unit returning $64,740 and soon to be $66,300 from January 1, 2027.

Fully council approved, the building has just been fully repainted externally and looks super impressive.

These types of tenancies are never empty and form a vital part of Launceston's rental market.

For viewings please provide 48 hours notice.

* Disclaimer: We have no reason to doubt the accuracy of the information contained in this document, which has been sourced from means considered reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.

Type: Unit
Bedrooms: 5
Bathrooms: 3
Parkings: 1
Area: 971 m²
House Size: 186 m²

Map & nearby places — 15 Eddington Crescent, Invermay, Tas 7248

Explore 15 Eddington Crescent, Invermay, Tas 7248 in 3D

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Nearby schools, parks, shopping, transport, health & dining
Walking & driving routes with travel time from the front door
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Costs and returns

Work out what this home could cost you, or earn you, using your own numbers. The calculators run in your browser and keep nothing you type.

School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

We do not hold a school zone outline for this address. That does not mean it has no zoned school: use the education department’s school finder to check.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

Newstead College Government secondary school, 11-12, co-ed
Launceston Christian School Independent combined school, Prep-12, co-ed

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Gary Thomas

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15 Eddington Crescent, Invermay, Tas 7248

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