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Sold on 25 Jul 2024 - Price Unavailable

207 Murray Street
Hobart TAS 7000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 130m2
Land area: 695m2
Sold By
St Andrews Estate Agents
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Property Details for 207 Murray St, Hobart

Building Type
Commercial
Year Built
1870
Floor Size
130m2
Land Size
695m2
Local Government
Hobart
Lot/Plan
1/114960

Last Listing description (September 2024)

Occupying a high profile fringe CBD position, this affordable mixed use property offers a myriad of options for its new owner.

Positioned on a popular thoroughfare into the city centre, this rectangular near level 672 square metre site is improved with an unrenovated yet impressive sandstone heritage cottage at the front, a leased one bedroom apartment, warehouse and abundant off-street parking at the rear with secure side gateway. This is a property that harbours outstanding redevelopment potential.

Favoured with a highly flexible commercial zoning the property features, a broad spectrum of permitted and discretionary uses, including: residential, offices, professional services, tourism, education, food services, etc.

Whether you are an owner occupier, wishing to develop your new business premises, or an investor wanting multiple income streams, this is a property with fabulous potential in an unbeatable city fringe location which has in recent years, been the focus of considerable new development.

The current rental for the one bedroom apartment is $340 per week with the balance of the property being vacant or owner occupied.

Property History for 207 Murray St, Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
25 Jul 2024
  • 25 Jul 2024
    Sold
  • 02 Jul 2024
    Listed for Sale CONTACT AGENT
  • 27 Sep 2019
    Listed for Sale Expressions of Interest closing 31/10/2019
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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 3,045 properties. Over the last 5 years, Houses in Hobart have seen a 19.57% increase in median value, while Units have seen a 10.13% increase. As at 30 November 2024:

  • The median value for Houses in Hobart is $998,201 while the median value for Units is $721,739.
  • Houses have a median rent of $540 while Units have a median rent of $580.
There are currently 14 properties listed for sale, and 30 properties listed for rent in Hobart on OnTheHouse. According to CoreLogic's data, 62 properties were sold in the past 12 months in Hobart.

Suburb Insights for Hobart 7000

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.