OFF MARKET

19 Waterworks Road
Dynnyrne TAS 7005

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 112m2
Land area: 457m2
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Property Details for 19 Waterworks Rd, Dynnyrne

19 Waterworks Rd, Dynnyrne is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1939. The property has a land size of 457m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in March 2019.

Building Type
House
Year Built
1939
Floor Size
112m2
Land Size
457m2
Local Government
Hobart
Lot/Plan
2/38408

Last Listing description (April 2019)

Situated in popular Dynnyrne, this 3 bedroom brick dwelling provides the opportunity to enter into one of Hobart's most in demand and well performing suburbs with limitless upside for renovation and value add.
Within walking distance to the UTAS Sandy Bay campus and a short trip to the Hobart CBD and Salamanca waterfront precinct, the location is one of high demand for investors or owner occupiers at all stages of life.
The current floorplan has 3 bedrooms and separate living, kitchen and bathroom which all require some attention. The land plot, set on 468 sqm with gradual slope, provides scope for modern extension at the rear which would capture views of the mountain and all day natural sunlight.

Dynnyrne has been one of the Hobart municipality's strongest performing growth areas with REIT suburb stats recording house prices rising 19.6% over the past 12 months and 42.7% from 2 years prior. Along with strong growth, the average days on market for 2019 was 9 days, indicating strong demand for properties within the suburb. With a median house price in 2018 of $837,000, this will give prospective buyers confidence with this opportunity to purchase and restore without over-capitalising.
Properties of this nature and price point are rare across the Hobart market and in particular within the suburb and presents a fantastic opportunity for the astute investor or owner occupier looking to cement a holding within a strong location moving forward.
Call your builder and/or architect and book an inspection swiftly to view and secure an amazing opportunity.
* Entry level into blue chip suburb
* Opportunity to value ad
* Fantastic short or long term investment
* Close proximity to CBD, UTAS and all services

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Property History for 19 Waterworks Rd, Dynnyrne, TAS 7005

A timeline of how this property has performed in the market
Last Sold
$550,000
04 Mar 2019
  • 04 Mar 2019
    Sold for $550,000
  • 27 Feb 2019
    Listed for Sale mid $500,000s
  • 20 Feb 1995
    Sold for $117,500

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About Dynnyrne 7005

The size of Dynnyrne is approximately 1.6 square kilometres. It has 5 parks covering nearly 6.8% of total area. The population of Dynnyrne in 2011 was 1,481 people. By 2016 the population was 1,591 showing a population growth of 7.4% in the area during that time. The predominant age group in Dynnyrne is 20-29 years. Households in Dynnyrne are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Dynnyrne work in a professional occupation. In 2011, 58.7% of the homes in Dynnyrne were owner-occupied compared with 63.5% in 2016.

Dynnyrne has 725 properties. Over the last 5 years, Houses in Dynnyrne have seen a 41.23% increase in median value, while Units have seen a 15.47% increase. As at 31 October 2024:

  • The median value for Houses in Dynnyrne is $1,003,966 while the median value for Units is $550,353.
  • Houses have a median rent of $565 while Units have a median rent of $470.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Dynnyrne on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Dynnyrne.

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