SOLD
Sold on 28 Dec 2023 for $1,160,000

72 Sandy Bay Road
Battery Point TAS 7004

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Floor area: 221m2
Land area: 370m2
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David Gunning
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Property Details for 72 Sandy Bay Rd, Battery Point

72 Sandy Bay Rd, Battery Point is a 4 bedroom, 1 bathroom House and was built in 1910. The property has a land size of 370m2 and floor size of 221m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom House sold in Battery Point in the last 12 months.

Building Type
House
Year Built
1910
Floor Size
221m2
Land Size
370m2
Local Government
Hobart
Lot/Plan
1/16860

Last Listing description (February 2024)

** #70 is now under offer**

A unique opportunity exists to secure either one or both at no.70 + 72 Sandy Bay Road, a pair of architecturally alluring properties that hold immense potential for those seeking a unique real estate investment.
With an advantageous inner residential zoning, these two character-filled properties present a truly remarkable prospect. Whether you envision transforming them into elegant, city homes or continuing their journey as highly sought-after commercial premises, the choice is yours to make.

Beyond their captivating facades, timeless interiors effortlessly blend yesteryear's grandeur with contemporary comforts, retaining elegant Tasmanian Oak floorboards, striking mantle pieces, and lofty ceilings adorned with picture rails.
Currently, 72 Sandy Bay Road holds a commercial lease with Sandy Bay Massage, with the current term set to renew in December 2023 (including the option of two three-year extensions).
Furthermore, the properties offer the convenience of ample off-street parking, accessed via a shared driveway at the rear.
Indulge in the convenience of immediate access to Salamanca, distinguished by its thriving cityscape and renowned local culinary delights. Leisurely strolls through heritage parks and cherished proximity to quality restaurants and cafes further enhance the exceptional lifestyle that awaits within this unparalleled blue-chip locale.
This remarkable opportunity is certain to appeal to discerning individuals seeking a property with the potential to explore a variety of uses.

#72 is currently leased at $55,912.56 + GST pa. CPI increase due in December 2023
Council Rates: $7,496.49 pa (approx.) each
Water Rates: $1,096 pa (approx.) each

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Property History for 72 Sandy Bay Rd, Battery Point, TAS 7004

A timeline of how this property has performed in the market
Last Sold
$1,160,000
28 Dec 2023
Listed for Rent
30 Jul 2020
  • 02 Jan 2024
    Listed for Sale Offers Over $1,150,000 (Each)
  • 28 Dec 2023
    Sold for $1,160,000
  • 15 Jan 2019
    Listed for Rent $65,000 / year
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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 1,752 properties. Over the last 5 years, Houses in Battery Point have seen a 35.31% increase in median value, while Units have seen a 48.82% increase. As at 30 September 2024:

  • The median value for Houses in Battery Point is $1,416,586 while the median value for Units is $944,029.
  • Houses have a median rent of $550 while Units have a median rent of $530.
There are currently 3 properties listed for sale, and 6 properties listed for rent in Battery point on OnTheHouse. According to CoreLogic's data, 81 properties were sold in the past 12 months in Battery point.

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