70 Riawena RoadMontagu Bay TAS 7018
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.
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
- 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.
Property History for 70 Riawena Rd, Montagu Bay, TAS 7018
- 02 May 2023Sold for $705,000
- 14 Sep 2022Listed for Sale Offers Over $750,000
- 27 May 2019Listed 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 349 properties. Over the last 5 years, Houses in Montagu Bay have seen a 45.25% increase in median value, while Units have seen a 38.77% increase. As at 30 November 2024:
- The median value for Houses in Montagu Bay is $773,532 while the median value for Units is $550,555.
- Houses have a median rent of $595.
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