50B Melville StreetHobart TAS 7000
Property Details for 50b Melville St, Hobart
Last Listing description (November 2024)
Well maintained building with secure long-term tenant. Currently operating as a popular Bottle Shop. Exquisite position virtually in the centre of town.
Proximity to the BYO restaurant strip and the university accommodation. Excellent location virtually next door to one of Hobarts multi-level car park facilities.
Information Memorandum available on request.
With the football stadium plans on track this is the perfect opportunity to acquire a set and forget property in the busy Hobart Central Business District market.
Title address - 118-120 ELIZABETH STREET, HOBART
At Area Specialist Community Real Estate, we strive to achieve the highest possible price for our homeowners, along with the best marketing your money can buy. We also offer EVERY salesperson in the industry an opportunity to SELL YOUR HOME. At Area Specialist "Sell with us, SOLD by ALL". Call now for more information.
Property History for 50b Melville St, Hobart, TAS 7000
- 19 Jul 2024Listed for Sale $788,800
- 03 May 2019Listed for Sale $1,350,000 - $1,500,000 GST ex
- 25 May 2010Sold for $276,000
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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 3,035 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.
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