SOLD
Sold on 11 Jul 2024 for $488,000

3/327 Nelson Road
Mount Nelson TAS 7007

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Land area: 96m2
Sold By
Ashley Allocca
EIS Property
Deb Stephens
EIS Property
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Property Details for 3/327 Nelson Rd, Mount Nelson

3/327 Nelson Rd, Mount Nelson is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1973. The property has a land size of 96m2 and floor size of 84m2. 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 Mount Nelson in the last 12 months.

Building Type
Unit
Year Built
1973
Floor Size
84m2
Land Size
96m2
Local Government
Hobart
Lot/Plan
3/59879

Last Listing description (August 2024)

Regardless of the type of property you are buying, the way it "feels" is crucial...and this one has a special "something" that will certainly appeal to you if you love natural lighting in this tranquil treed setting, ample privacy from the street, your own yard, a generous living area and two good sized bedrooms. Located an easy and convenient walk, bus ride, cycle or drive to Tas Uni and the City, this unit overlooks the River Derwent, the Casino and beyond, though filtered through trees, and is the idyllic place to feel like you are away from the hustle and bustle of city living while maintaining conveniences close by. Having previously been leased out, the unit does need someone to pour some love and a few dollars into giving this sun-drenched unit a make-over...but the results would be fabulous!

While retaining many original features including the kitchen, the bathroom has been previously renovated to create a light, functional space. The options for modernising this unit are exciting, with a floorplan that could easily be opened up or modified. By adding new floor coverings or polishing the floorboards underneath the carpet, a coat of paint, new window dressings and one day a new kitchen, there is so much potential here to make this into a gorgeous home. There is also plenty of room in the garden for a full length deck to make the most of the filtered water and city light views and the tranquil treed outlook! Colorbond roofing and capping is a major cost saving that has already been completed.

There is a choice of two entrances into the unit, making it suitable for all ages and needs - one staired, the other with one step which could easily be modified with the addition of a ramp if required beside the single carport, perfect for all weather access.

Whether you choose this fabulous unit as your own or first home, the renovating options are exciting. One of four units in the group with reasonable Body Corporate fees, this is the perfect "town base" if you want to reduce your commuting to the city during the working week, live here full-time or as an investment for the future.

Property History for 3/327 Nelson Rd, Mount Nelson, TAS 7007

A timeline of how this property has performed in the market
Last Sold
$488,000
11 Jul 2024
Listed for Rent
$265/w
07 Dec 2015
  • 11 Jul 2024
    Sold for $488,000
  • 02 Jul 2024
    Listed for Sale Not Disclosed
  • 12 May 2016
    Sold for $262,000
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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 1,290 properties. Over the last 5 years, Houses in Mount Nelson have seen a 34.03% increase in median value, while Units have seen a 50.30% increase. As at 31 October 2024:

  • The median value for Houses in Mount Nelson is $900,527 while the median value for Units is $540,057.
  • Houses have a median rent of $550 while Units have a median rent of $415.
There are currently 5 properties listed for sale, and 1 property listed for rent in Mount nelson on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Mount nelson.

Suburb Insights for Mount Nelson 7007

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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.