OFF MARKET

2/16 Wallace Avenue
Lenah Valley TAS 7008

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 139m2
Land area: 160m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 11 Nov 2024
Low

High
Save

Property Details for 2/16 Wallace Ave, Lenah Valley

2/16 Wallace Ave, Lenah Valley is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1977. The property has a land size of 160m2 and floor size of 139m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
Unit
Year Built
1977
Floor Size
139m2
Land Size
160m2
Local Government
Hobart
Lot/Plan
2/59204

Last Listing description (September 2023)

With level access from the street, this quality built, sun-drenched and spacious double brick townhouse has approximately 139m2 of floor space and is one of two townhouses on the block. The home enjoys privacy, is set back from the road and positioned in a quiet and private cul-de-sac with an easy flowing floor plan.

Elevated water views can be enjoyed from the lounge and dining zones, as well as mountain views.

The tranquil feeling and silence inside while casting your eyes across the amazing views in your light filled/sun-drenched living zone makes this townhouse truly special and rare in the current market.

Located in leafy Lenah Valley and close to all services, 2/16 Wallace is just 5.5km or around a 5-minute drive to the vibrant Hobart CBD. The recent transformation includes a new colorbond roof, gutters, render exterior finish and has been recently professionally painted inside and out with a lovely neutral colour palate.

All the hard work has been done to get this beautiful townhouse to its current standard - perfect for first home buyers, investors chasing returns and down-sizers looking to secure low maintenance prime real estate so close to booming Hobart.

Light and bright throughout, the home is beautifully appointed and features custom European roller blinds above the expansive glazing where you can soak up the fabulous leafy, restful and elevated private outlook with distant water glimpses in the light filled open plan dining and lounge room.

The careful selection of fixtures including but not limited to solid oak doors at the front and rear and cabinetry in the spacious kitchen (with soft close) have been made with attention to detail. The kitchen has ample bench and cupboard space and adjoins the dining and lounge room making entertaining a breeze. The near new contemporary floating floor covers the entry, hallway and open plan kitchen, living and dining zones.

The master bedroom is large with built in wardrobes and has been carpeted and includes curtains as do the other two bedrooms (also spacious with large built in wardrobes).

You can't go wrong here, this property won't last - get in early and contact me regarding the offer process, if you are ready to make a purchase and submit your offer.

Other features:

- Currently tenanted until February 2024
- Low maintenance and over 135 squares of internal floor space
- Noroit panel heater
- Large private/shared rear yard and ample space at front for garden
- 2 car spots
- Near new colorbond roof, gutters and ceiling insulation
- Professionally painted inside and out
- Bedrooms with built-ins
- Separate laundry with French door
- Euromaid fan forced oven
- European designed roller blinds in living and dining zones
- Lovely bathroom and separate toilet

About Lenah Valley
The Lenah Valley newly upgraded popular Augusta Road retail and cafe precinct is just down the road and has a chemist, doctors surgery, cafes, post office and many other shops. Backing onto the New Town Rivulet you can soak up the fresh air in the leafy surrounds and enjoy the many bushwalking trails on offer.

With over $28 billion worth of infrastructure projects in the pipeline over the next decade in Tasmania (not including government housing projects), Hobart remains a solid city to be investing in with migration levels back to pre-pandemic levels and population growth with around 25,000 additional residents recorded in the last census. Demand is currently high, rental yields are great, and stock levels of quality homes low. We encourage you to get in quick on this opportunity.

Council Rates: $1,500 per annum approx.
Rental Return: $480 per week approx.
Year Built: 1977
Construction Type: Double Brick
Heating: Noroit panel heater
NBN

Property History for 2/16 Wallace Ave, Lenah Valley, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$450,000
07 Jul 2023
Listed for Rent
$445/w
16 Jun 2020
  • 07 Jul 2023
    Sold for $450,000
  • 17 May 2023
    Listed for Sale Offers Over $450,000
  • 22 Apr 2020
    Listed for Rent $445 / week
Sign in to see more transactions

Commute Calculator

About Lenah Valley 7008

The size of Lenah Valley is approximately 8.4 square kilometres. It has 10 parks covering nearly 3.3% of total area. The population of Lenah Valley in 2011 was 5,852 people. By 2016 the population was 5,934 showing a population growth of 1.4% in the area during that time. The predominant age group in Lenah Valley is 40-49 years. Households in Lenah Valley are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lenah Valley work in a professional occupation. In 2011, 75.1% of the homes in Lenah Valley were owner-occupied compared with 74% in 2016.

Lenah Valley has 3,089 properties. Over the last 5 years, Houses in Lenah Valley have seen a 37.83% increase in median value, while Units have seen a 32.83% increase. As at 31 October 2024:

  • The median value for Houses in Lenah Valley is $751,994 while the median value for Units is $535,979.
  • Houses have a median rent of $595 while Units have a median rent of $450.
There are currently 14 properties listed for sale, and 1 property listed for rent in Lenah valley on OnTheHouse. According to CoreLogic's data, 81 properties were sold in the past 12 months in Lenah valley.

Suburb Insights for Lenah Valley 7008

Market Insights
Lenah Valley Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Lenah Valley Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.