OFF MARKET

70 Riawena Road
Montagu Bay TAS 7018

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 112m2
Land area: 938m2
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Last updated 16 Sep 2024
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Property Details for 70 Riawena Rd, Montagu Bay

70 Riawena Rd, Montagu Bay is a 2 bedroom, 1 bathroom House and was built in 1951. The property has a land size of 938m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Year Built
1951
Floor Size
112m2
Land Size
938m2
Local Government
Clarence
Lot/Plan
9/67304

Last Listing description (June 2023)

This large land parcel of approx. 938sqm is an outstanding opportunity for development in a prime location (STCA). This is one of the larger and most desirable locations in Montagu Bay enjoying views of views of the mountain, river & Tasman Bridge and in close proximity to the water. This is an absolutely fantastic opportunity to secure your own piece of the popular and tightly-held Montagu Bay - Welcome to 70 Riawena Road!

The home features construction and styling from the 1920's and is oozing with potential for investors or a family. The property has exciting potential for renovation and/or the possibility for more ambitious property development (STCA).

- Prime development potential STCA

- Sought after central location
- All day sun with extensive views
- Classic styling with so much potential
- Close to services incl. CBD and Eastlands

Ideally located just 5 mins drive to Hobart's CBD and walking distance to Eastlands and Bellerive with all it has to offer including shops, schools, sport facilities, restaurants and transport, this classic period home on a huge allotment is ideal for a variety of savvy buyers. Be quick - this is unlikely to last long!

Year Built: 1951
Construction: Weatherboard
Rent Appraisal: $500p/week (approx.)

* The vendor reserves the right to accept offers prior to the advertised open home times.

* The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

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Property History for 70 Riawena Rd, Montagu Bay, TAS 7018

A timeline of how this property has performed in the market
Last Sold
$705,000
02 May 2023
Listed for Rent
$450/w
31 May 2019
  • 02 May 2023
    Sold for $705,000
  • 14 Sep 2022
    Listed for Sale Offers Over $750,000
  • 27 May 2019
    Listed for Rent - Price not available
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About Montagu Bay 7018

The size of Montagu Bay is approximately 0.5 square kilometres. It has 4 parks covering nearly 9.1% of total area. The population of Montagu Bay in 2011 was 660 people. By 2016 the population was 637 showing a population decline of 3.5% in the area during that time. The predominant age group in Montagu Bay is 50-59 years. Households in Montagu Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Montagu Bay work in a professional occupation. In 2011, 67.6% of the homes in Montagu Bay were owner-occupied compared with 64.1% in 2016.

Montagu Bay has 348 properties. Over the last 5 years, Houses in Montagu Bay have seen a 35.61% increase in median value, while Units have seen a 48.87% increase. As at 31 August 2024:

  • The median value for Houses in Montagu Bay is $709,366 while the median value for Units is $551,278.
  • Houses have a median rent of $595.
There are currently no properties listed for sale, and no properties listed for rent in Montagu bay on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Montagu bay.

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