FOR SALE
$388,000 negotiable

5/207 Churchill Avenue
Sandy Bay TAS 7005

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 44m2
Land area: 65m2
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Welcome to 5/207 Churchill Avenue, Sandy Bay

Affordable apartment on the UTAS fringe!
Calling investors… rarely vacant, this one bedroom apartment has enjoyed almost 100 percent occupancy with the current long term tenants in situ until December 1st 2024 when the lease expires. A return of $760 per fortnight is being achieved.
Just one of six in the complex, this property represents sound investing at an affordable price point. Impressive natural light with lovely midday and afternoon sun streaming into the living space. There are river glimpses clearly visible from both the bedroom and bathroom and lovely vistas of Mount Wellington from the living room.
The interiors would benefit from a 'make-over' once the tenants have vacated, so some virtual styling has been employed to indicate further potential to enhance the property and add capital value.
The property comes fully furnished and features include a spacious bathroom/laundry combination, a built in wardrobe, a new hot water cylinder, dedicated off street parking (1 carport) and easy ramp access.
The location is ideal, set back from Churchill Avenue on a bus route and within walking distance to UTAS, The Hutchins School, leisure activities and the Hill Street Foodstore with adjacent cafe and medical centre. The waterfront is a mere short stroll away on Sandy Bay Road.
This is a really nice property to add to your portfolio so be decisive and secure some real estate in "blue ribbon" Sandy Bay.

Property Details for 5/207 Churchill Ave, Sandy Bay

5/207 Churchill Ave, Sandy Bay is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 65m2 and floor size of 44m2. The place is currently for sale with Ray White Hobart.

Building Type
Apartment
Floor Size
44m2
Land Size
65m2

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About Sandy Bay 7005

The size of Sandy Bay is approximately 6.9 square kilometres. It has 14 parks covering nearly 23% of total area. The population of Sandy Bay in 2011 was 11,156 people. By 2016 the population was 11,925 showing a population growth of 6.9% in the area during that time. The predominant age group in Sandy Bay is 20-29 years. Households in Sandy Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sandy Bay work in a professional occupation. In 2011, 63.1% of the homes in Sandy Bay were owner-occupied compared with 61.5% in 2016.

Sandy Bay has 5,841 properties. Over the last 5 years, Houses in Sandy Bay have seen a 37.00% increase in median value, while Units have seen a 19.52% increase. As at 31 October 2024:

  • The median value for Houses in Sandy Bay is $1,320,252 while the median value for Units is $648,147.
  • Houses have a median rent of $620 while Units have a median rent of $495.
There are currently 27 properties listed for sale, and 16 properties listed for rent in Sandy bay on OnTheHouse. According to CoreLogic's data, 184 properties were sold in the past 12 months in Sandy bay.

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Lynne Page
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Ray White Hobart
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