SOLD
RECENT ADVICE
Sold on 05 Jul 2024 for $3,500,000

Castray Esplanade
Battery Point TAS 7004

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Floor area: 169m2
Land area: 265m2
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Property Details for 1/2 Castray Esp, Battery Point

1/2 Castray Esp, Battery Point is a 3 bedroom, 3 bathroom Apartment with 2 parking spaces and was built in 2023. The property has a land size of 265m2 and floor size of 169m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom Apartment sold in Battery Point in the last 12 months.

Building Type
Apartment
Year Built
2023
Floor Size
169m2
Land Size
265m2
Local Government
Hobart

Last Listing description (July 2024)

Architecturally designed, six years of careful planning and meticulous construction, first floor apartment 'Rani' is offered to market for the first time. Careful curation of the interior sees materials, fixtures and fittings of the highest quality bringing bespoke elegance to the warm and inviting light-filled apartment.

A vision realised by two Tasmanian locals artfully balancing the rich history of the island with respectful contribution to modern design, 'The Finish Line' nestled on the waterfront in historic Battery Point is one of Hobart's most impressive contemporary apartment developments.

Named 'Rani' in honour of the first line honours yacht in the Sydney to Hobart race's inaugural year in 1945, this association with excellence befits this masterfully executed residence.

The extensive glazing frames panoramic views across the River Derwent. Generously proportioned open plan living forms the heart of the home, with a well-designed kitchen equipped with quality Bosch induction cooktop, range hood, electric oven and dishwasher in addition to a fridge with ice maker and Billi system to dispense hot and chilled water.
An island bench of Icedrift Quartz Stone is complemented by American Oak veneer joinery and Northern Black Butt hybrid floors. Dining flows from the island, and glass sliders open onto a sheltered deck to create seamless indoor/outdoor living. This is an enviable vantage point from which to while away the day watching the ever-changing vista beyond, and of course the Sydney to Hobart fleet sailing across the finish line each year.

Three bedrooms with heritage brick feature walls each have built in robes, plush wool carpet underfoot and an ensuite bathroom tiled in a combination of terrazzo and calacatta marble to provide each occupant their own private accommodation. A powder room with laundry facilities completes the floorplan.

Ducted heating and cooling ensures year-round comfort and NBN connection and secure undercover parking for two vehicles, and private entrance, enhances the amenity and security of the home.

The surrounding neighbourhood offers a vibrant lifestyle in a picturesque historic precinct. The many restaurants, bars, cafes and galleries of the Salamanca Strip, Hobart's Waterfront and Battery Point Village are all within easy walking distance, and the verdant gardens of Princes Park are just across the road.

The History:
Originally constructed in 1929 for the Huon Fruit Growers Company, the metamorphosis of the last remaining historic fruit cannery on the former dock of Sullivan's Cove into exceptional apartment living, is a truly remarkable feat. The release of just two apartments in this boutique complex presents an extraordinary, limited opportunity to acquire an exquisite home in a coveted locale.

A far cry from the site's working port days when cargo ships laden with fruit made their way from the Huon Valley in Southern Tasmania to the Sullivan's Cove cannery for processing, the building has been renamed 'The Finish Line' in homage to the iconic ocean classic, the Sydney to Hobart Yacht Race.

Held annually for the past 76 years, this 630 nautical mile duel across the notorious seas of Bass Strait is often decided in the River Derwent, with 'The Finish Line' overlooking the finish line of this internationally acclaimed race. Taking inspiration from the sleek lines of the super yachts synonymous with the Sydney to Hobart, the building's new exterior sits seamlessly and unobtrusively on its waterside site.

'The Finish Line' sets a new standard in apartment living whilst affording the first owners the pinnacle of luxury by accessing residential living in this unsurpassed location for the first time in the site's history, and undoubtedly one of the best viewpoints from, and of, the finish line.

Property History for 1/2 Castray Esp, Battery Point, TAS 7004

A timeline of how this property has performed in the market
Last Sold
$3,500,000
05 Jul 2024
  • 05 Jul 2024
    Sold for $3,500,000
  • 30 May 2024
    Listed for Sale Not Disclosed

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About Battery Point 7004

The size of Battery Point is approximately 0.7 square kilometres. It has 6 parks covering nearly 5.5% of total area. The population of Battery Point in 2011 was 2,096 people. By 2016 the population was 1,995 showing a population decline of 4.8% in the area during that time. The predominant age group in Battery Point is 20-29 years. Households in Battery Point are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Battery Point work in a professional occupation. In 2011, 49% of the homes in Battery Point were owner-occupied compared with 51.2% in 2016.

Battery Point has 1,751 properties. Over the last 5 years, Houses in Battery Point have seen a 20.02% increase in median value, while Units have seen a 28.79% increase. As at 31 October 2024:

  • The median value for Houses in Battery Point is $1,289,607 while the median value for Units is $852,571.
  • Houses have a median rent of $550 while Units have a median rent of $535.
There are currently 7 properties listed for sale, and 8 properties listed for rent in Battery point on OnTheHouse. According to CoreLogic's data, 78 properties were sold in the past 12 months in Battery point.

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Abi Freeman
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Anne Boman
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Elders Tasmania
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.