SOLD
Sold on 02 Feb 2024 for $1,112,000

156 Brisbane Street
Hobart TAS 7000

Bedrooms: 5
Bathrooms: 4
Car spaces: 1
Floor area: 178m2
Land area: 685m2
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Downton Property North Hobart
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Property Details for 156 Brisbane St, Hobart

156 Brisbane St, Hobart is a 5 bedroom, 4 bathroom Unit with 1 parking spaces and was built in 1956. The property has a land size of 685m2 and floor size of 178m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 5 bedroom Unit sold in Hobart in the last 12 months.

Building Type
Unit
Year Built
1956
Floor Size
178m2
Land Size
685m2
Local Government
Hobart
Lot/Plan
1/27493

Last Listing description (June 2024)

Discover a boutique block comprising four apartments, an ideal investment opportunity for savvy investors. Located strategically, this property features three spacious one-bedroom apartments and one two bedroom apartment. The well-designed apartments boast generous open floor plans and access to the communal backyard and storage.

The complex is enhanced by a shared laundry facility at the rear which was recently upgraded, maintained gardens and parking options on street are conveniently situated at the front of the property.

Seize the chance to unlock the doors to investment success with this prime blue-chip property. Currently yielding a net return of approximately 6.2% with potential to increase, it promises a projected rental return of $82,160 per annum with an appraised value of $86,320 per annum all with existing tenancies in place.

Situated just minutes away from Hobart CBD, this property encompasses 685sqm of land and offers a fully occupied apartment complex. With a potential yield exceeding 6.5%, it stands as an excellent investment for your Superannuation fund or portfolio.

Key Features:
Land Size: 685sqm
Fully occupied apartment complex
Potential yield of over 6.5%
Ideal for Superannuation fund investment
Three (3) 1-bedroom apartments
One (1) 2-bedroom apartment
Current Rental Return: $82,160 per annum (approx.)
Projected Rental Return: $86,320 per annum (approx.)
Practical outdoor space
500m walk to Hobart City

This exclusive property is available for inspection by appointment only. For further information please contact Nat Downton or Hamish Reeve.

If you're contemplating selling, don't hesitate to reach out to Nat Downton from Downton Property, honoured as the Number 1 Agent in Australia by the Real Estate Institute of Australia, and Hamish Reeve Australian finalist for "Young Gun Agent " for REB, for a no-obligation free market appraisal

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Property History for 156 Brisbane St, Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$1,112,000
02 Feb 2024
  • 02 Feb 2024
    Sold for $1,112,000
  • 16 Jan 2024
    Listed for Sale Offers Over $1,100,000
  • 27 Jul 2001
    Sold for $179,000
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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 3,028 properties. Over the last 5 years, Houses in Hobart have seen a 27.83% increase in median value, while Units have seen a 34.77% increase. As at 31 October 2024:

  • The median value for Houses in Hobart is $1,051,039 while the median value for Units is $818,558.
  • Houses have a median rent of $560 while Units have a median rent of $575.
There are currently 15 properties listed for sale, and 29 properties listed for rent in Hobart on OnTheHouse. According to CoreLogic's data, 67 properties were sold in the past 12 months in Hobart.

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