FOR SALE
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531 Sandy Bay Road
Sandy Bay TAS 7005

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 251m2
Land area: 467m2
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Landmark Commercial/ Residential opportunity

This Prestigious corner site is in the sought-after location in Lower Sandy Bay just a short distance to Nutgrove and Long Beaches
The ground floor area of the property is suitable for retail space, rent or redevelopment (STCA) - Zoning General Residential
The upstairs level hosts a spacious 3 bedroom apartment with a generous bathroom and separate laundry
The open plan living and dining area provides water views and plenty of entertaining space.
At the rear of the property, there is a generous back yard with a gazebo with car parking for at least 3 cars.
An added surprise is a cellar space comprising approximately 40sqm which runs along the Sandy Bay Rd frontage of the property.
Offered with vacant possession, inspections by appointment only
For inspection - contact Craig Bellgrove on 0488 013 965 or Leanne Masters on 0408 128 325
All efforts have been made to ensure the accuracy of the information provided regarding this property.
Buyers should independently satisfy themselves of the accuracy of all matters stated prior to making a decision to purchase. More Real Estate accepts no liability or responsibility for claims arising from a reliance of the information contained herewith

Property Details for 531 Sandy Bay Rd, Sandy Bay

531 Sandy Bay Rd, Sandy Bay is a 3 bedroom, 1 bathroom Apartment with 3 parking spaces. The property has a land size of 467m2 and floor size of 251m2. The place is currently for sale with More Real Estate.

Building Type
Apartment
Floor Size
251m2
Land Size
467m2

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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 5,853 properties. Over the last 5 years, Houses in Sandy Bay have seen a 28.55% increase in median value, while Units have seen a 30.69% increase. As at 31 August 2024:

  • The median value for Houses in Sandy Bay is $1,249,419 while the median value for Units is $694,212.
  • Houses have a median rent of $600 while Units have a median rent of $478.
There are currently 21 properties listed for sale, and 20 properties listed for rent in Sandy bay on OnTheHouse. According to CoreLogic's data, 207 properties were sold in the past 12 months in Sandy bay.

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Leanne Masters
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