10 De Witt StreetBattery Point TAS 7004
Property Details for 10 De Witt St, Battery Point
10 De Witt St, Battery Point is a 10 bedroom, 8 bathroom Unit. The property has a land size of 595m2 and floor size of 444m2.
Last Listing description (December 2016)
Once in a lifetime the opportunity arises to secure an investment property in Hobart's most iconic and lucrative suburb. Set in ever popular De Witt Street this 8 unit dwelling enjoys unparallel access to Hobart's most popular attractions. Within easy walking distance to the vibrant wharf precinct as well as the University of Tasmania, the CBD and the Sandy Bay Shopping Centre the property is centrally located in the hub of Battery Point. Surrounded by a superb range of chic restaurants combined with sophisticated bars all set within the historic village of Battery Point.
Comprising a mixture of 8 self contained units this eclectic complex offers a variety of accommodation options and with its outstanding central location is rarely untenanted. Whilst the majority of the units have been upgraded there is potential to further value add and increase and already excellent rental returns. Solidly built of brick and re-wired with the majority of the plumbing replaced the building is in excellent condition and represents a unique opportunity to gain access to one of Tasmania's most rewarding investment suburbs.
Property History for 10 De Witt St, Battery Point, TAS 7004
- 20 Jul 2015Listed for Rent - Price not available
- 19 Feb 2014Listed for Sale Buyers looking in the $1,900,000+ price range
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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 1,750 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.
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