FOR SALE
Offers Over $395,000

3/67 Montagu Street
New Town TAS 7008

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 49m2
Land area: 52m2
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Welcome to 3/67 Montagu Street, New Town

Situated in the sought-after suburb of New Town, this low-maintenance unit offers an excellent opportunity for investors, downsizers or first-time buyers, featuring fresh updates throughout and strong rental appeal.
• One bedroom with a neat bathroom
• Updated kitchen with fresh paint and new appliances
• Internal laundry and access to a shared clothesline
• Leased at $380 per week until 3rd May 2025, delivering a 5.0% yield
• Conveniently located near Lenah Valley, North Hobart, Hobart CBD, schools, cafes, restaurants, and a 1 minute drive to Calvary Hospital
• Option to purchase all three units - please contact Nick Cowley for more information
Council Rates: $1,240pa approx.
Water Rates: $1,000pa approx.
Rental Appraisal: $380pw
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Property Details for 3/67 Montagu St, New Town

3/67 Montagu St, New Town is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 52m2 and floor size of 49m2. The place is currently for sale with Ray White Hobart.

Building Type
Apartment
Floor Size
49m2
Land Size
52m2

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About New Town 7008

The size of New Town is approximately 4 square kilometres. It has 8 parks covering nearly 9.3% of total area. The population of New Town in 2011 was 5,968 people. By 2016 the population was 6,109 showing a population growth of 2.4% in the area during that time. The predominant age group in New Town is 30-39 years. Households in New Town are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Town work in a professional occupation. In 2011, 58.2% of the homes in New Town were owner-occupied compared with 57.4% in 2016.

New Town has 3,097 properties. Over the last 5 years, Houses in New Town have seen a 30.35% increase in median value, while Units have seen a 18.79% increase. As at 30 November 2024:

  • The median value for Houses in New Town is $811,334 while the median value for Units is $493,693.
  • Houses have a median rent of $590 while Units have a median rent of $443.
There are currently 16 properties listed for sale, and 2 properties listed for rent in New town on OnTheHouse. According to CoreLogic's data, 93 properties were sold in the past 12 months in New town.

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Suburb Insights for New Town 7008

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Nick Cowley
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Isabella Evans
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Ray White Hobart
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