OFF MARKET

2/538-540 Nelson Road
Mount Nelson TAS 7007

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 51m2
Land area: 71m2
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Last updated 16 Dec 2024
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Property Details for 2/538-540 Nelson Rd, Mount Nelson

2/538-540 Nelson Rd, Mount Nelson is a 1 bedroom, 1 bathroom Unit and was built in 2016. The property has a land size of 71m2 and floor size of 51m2.

Building Type
Unit
Year Built
2016
Floor Size
51m2
Land Size
71m2
Local Government
Hobart

Last Listing description (January 2022)

Conveniently positioned and stylishly renovated throughout, this light-filled apartment with secure and private backyard would make a wonderful home and investment. With new kitchen and bathroom, floor coverings and window furnishings as well as being freshly painted throughout, this property offers an easy and comfortable lifestyle and will greatly appeal to first home buyers, down-sizers and investors alike.

Situated across the road from the Mount Nelson Oval and Playground, within a 10 minute drive to the CBD, Kingston and the University, and with plenty of bush-walks and recreational facilities nearby, a wonderful lifestyle awaits.

Property History for 2/538-540 Nelson Rd, Mount Nelson, TAS 7007

A timeline of how this property has performed in the market
Listed for Rent
$270/w
19 Jan 2021
  • 02 Dec 2021
    Listed for Sale Offers over $290,000
  • 04 Jan 2021
    Listed for Rent $270 / week
  • 06 Mar 2019
    Listed for Rent - Price not available
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About Mount Nelson 7007

The size of Mount Nelson is approximately 5.9 square kilometres. It has 9 parks covering nearly 18% of total area. The population of Mount Nelson in 2011 was 2,432 people. By 2016 the population was 2,503 showing a population growth of 2.9% in the area during that time. The predominant age group in Mount Nelson is 60-69 years. Households in Mount Nelson are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Nelson work in a professional occupation. In 2011, 71.5% of the homes in Mount Nelson were owner-occupied compared with 71% in 2016.

Mount Nelson has 1,293 properties. Over the last 5 years, Houses in Mount Nelson have seen a 28.98% increase in median value, while Units have seen a 28.75% increase. As at 30 November 2024:

  • The median value for Houses in Mount Nelson is $876,039 while the median value for Units is $497,783.
  • Houses have a median rent of $550 while Units have a median rent of $420.
There are currently 5 properties listed for sale, and no properties listed for rent in Mount nelson on OnTheHouse. According to CoreLogic's data, 43 properties were sold in the past 12 months in Mount nelson.

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