SOLD
Sold on 17 Jul 2024 for $515,000

2/5-7 Chestnut Avenue
Lutana TAS 7009

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 116m2
Land area: 273m2
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Property Details for 2/5-7 Chestnut Ave, Lutana

2/5-7 Chestnut Ave, Lutana is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 273m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Lutana in the last 12 months.

Building Type
Unit
Year Built
1997
Floor Size
116m2
Land Size
273m2
Local Government
Glenorchy
Lot/Plan
2/127680

Last Listing description (August 2024)

Immaculately presented and requiring little maintenance, this spacious 2 bedroom unit offers a serene retreat close to Hobart's CBD and popular inner-city suburbs. Located in a secure, entirely owner-occupied complex, it provides both security and space for its next owner.

Entering through a secure vestibule with a screen door, the front door opens into a generous entry hall with built-in storage. On this level, you'll find two double bedrooms, both featuring built-in wardrobes. The larger bedroom offers direct access to the neat-as-a-pin main bathroom. A separate WC and a spacious laundry with external access are also conveniently located on this level.

Descending down a few stairs, you'll enter into a large and practical living area with uninterrupted mountain views. The space seamlessly connects to the dining area and kitchen, all serviced by a recently replaced reverse cycle air conditioner, ensuring year-round comfort.

This fully insulated home boasts recent upgrades including new blinds, hot water cylinder and replaced Colorbond roof, adding to its maintenance-free appeal.

Outside, the fully enclosed backyard provides a private oasis requiring minimal upkeep, perfect for relaxation, outdoor dining, growing vegetables or those with pets.

Additional features include a single lockup garage with electric roller door and secure access from the rear via the laundry, and a visitor parking space on common property.

Conveniently located just 2km from New Town Plaza, and within 5km of both the Hobart CBD and Glenorchy, this unit combines convenience with tranquility.

Ideal for homeowners seeking a low-maintenance lifestyle or astute investors looking for a solid rental opportunity, this property ticks all the boxes. Contact us today to arrange a viewing and experience the comfort and convenience this unit has to offer.

Year built: 1997
Heating : Daikin reverse cycle air conditioner
Council rates: $1,686 pa approx.
Water rates: $1,000 pa approx.
Strata Insurance: $1,268 pa approx. (no active body corporate)

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Property History for 2/5-7 Chestnut Ave, Lutana, TAS 7009

A timeline of how this property has performed in the market
Last Sold
$515,000
17 Jul 2024
  • 17 Jul 2024
    Sold for $515,000
  • 07 Jul 2024
    Listed for Sale Not Disclosed
  • 12 Nov 2003
    Sold for $173,000
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About Lutana 7009

The size of Lutana is approximately 2.1 square kilometres. It has 4 parks covering nearly 9.3% of total area. The population of Lutana in 2011 was 2,384 people. By 2016 the population was 2,365 showing a population decline of 0.8% in the area during that time. The predominant age group in Lutana is 30-39 years. Households in Lutana are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lutana work in a professional occupation. In 2011, 64.9% of the homes in Lutana were owner-occupied compared with 62.6% in 2016.

Lutana has 1,240 properties. Over the last 5 years, Houses in Lutana have seen a 38.39% increase in median value, while Units have seen a 43.19% increase. As at 31 October 2024:

  • The median value for Houses in Lutana is $564,138 while the median value for Units is $459,098.
  • Houses have a median rent of $525 while Units have a median rent of $425.
There are currently 7 properties listed for sale, and 4 properties listed for rent in Lutana on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Lutana.

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