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Sold on 22 Aug 2024 for $420,000

101/1 Sandy Bay Road
Hobart TAS 7000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 57m2
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Property Details for 101/1 Sandy Bay Rd, Hobart

101/1 Sandy Bay Rd, Hobart is a 1 bedroom, 1 bathroom Apartment and was built in 1928. The property has a floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are 6 other 1 bedroom Apartments sold in Hobart in the last 12 months.

Building Type
Apartment
Year Built
1928
Floor Size
57m2

Last Listing description (August 2024)

Offering high net yield returns in an asset that requires no maintenance, this city apartment is a perfect opportunity for those looking to add to their investment portfolio or looking to purchase a city bolthole with holding income.

In an idyllic location set on the CBD fringe and minutes' walk via St David's Park through to the newly developed Parliament Square precinct and bustling historic Salamanca Place, the property is central to all requirements for guests.

An historic façade, fully furnished interiors with original features and recent modern upgrades sets this opportunity apart from other comparable properties on the market.

With investment opportunities commanding current high yield returns becoming scarcer within the current market, this is the chance to secure a long term and secure investment.

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Property History for 101/1 Sandy Bay Rd, Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$420,000
22 Aug 2024
  • 22 Aug 2024
    Sold for $420,000
  • 29 May 2024
    Listed for Sale Offers over $420,000
  • 09 May 2012
    Sold for $651,605

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About Hobart 7000

The size of Hobart is approximately 2.1 square kilometres. It has 10 parks covering nearly 4.8% of total area. The population of Hobart in 2011 was 2,102 people. By 2016 the population was 2,298 showing a population growth of 9.3% in the area during that time. The predominant age group in Hobart is 20-29 years. Households in Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hobart work in a professional occupation. In 2011, 31.3% of the homes in Hobart were owner-occupied compared with 26.4% in 2016.

Hobart has 3,027 properties. Over the last 5 years, Houses in Hobart have seen a 22.45% increase in median value, while Units have seen a 17.97% increase. As at 31 January 2025:

  • The median value for Houses in Hobart is $1,034,070 while the median value for Units is $788,607.
  • Houses have a median rent of $615 while Units have a median rent of $550.
There are currently 10 properties listed for sale, and 13 properties listed for rent in Hobart on OnTheHouse. According to CoreLogic's data, 63 properties were sold in the past 12 months in Hobart.

Hobart Profile Page

What's around 101/1 Sandy Bay Rd, Hobart

Nearby Schools
Comparable Properties

Suburb Insights for Hobart 7000

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Market Insights
Hobart Trends for Houses
Median Value

$1.03M

4.88%
View Trend
Median Growth

1.09%

View Trend
Median Rent

$615/W

13.89%
View Trend
Rental Yield

3.17%

1.28%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year (03/24 - 01/25)
Hobart Trends for Units
Median Value

$789k

4.84%
View Trend
Median Growth

8.94%

View Trend
Median Rent

$550/W

4.35%
View Trend
Rental Yield

3.98%

1.27%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year (03/24 - 01/25)
Neighbourhood Insights
Age

Population 2,298

0-9

 

5%

10-19

 

7%

20-29

 

32%

30-39

 

16%

40-49

 

12%

50-59

 

10%

60-69

 

11%

70-79

 

4%

80-89

 

3%

Household Structure
Occupancy
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Contact agent
Brad Stephens
Show contact details
Elders Tasmania
Preferred contact:
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Tasmania data
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Valuations and Estimates
This estimate is provided by CoreLogic, and is based on statistical market data such as recent local sales, property size, number of bedrooms and many more factors. It comes from public data, which may be incomplete or inaccurate, and should not be used in lieu of a professional appraisal under any circumstances, including for lending purposes or in home loan applications.
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Liveability information
The Liveability Score is a rating (out of 10) provided by Propella.ai Pty Ltd as a guide about how "well-connected" properties are in certain local areas. The Liveability Score is based on statistical data about a local area in which a property is located including the distance to and number of available facilities and services (including schools, parklands, health services, shopping and public transport) (Liveability Data). The Liveability Data and Liveability Score has not been verified or confirmed by CoreLogic, is not available for all properties, and is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. Given the relative nature of the Liveability Score, propella.ai anticipate that scores for individual properties will change over time.

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