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Sold on 05 Oct 2024 for $425,000

5/538-540 Nelson Road
Mount Nelson TAS 7007

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 55m2
Land area: 146m2
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Insitu Property Hobart
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Property Details for 5/538-540 Nelson Rd, Mount Nelson

5/538-540 Nelson Rd, Mount Nelson is a 1 bedroom, 1 bathroom Unit and was built in 1974. The property has a land size of 146m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom Unit sold in Mount Nelson in the last 12 months.

Building Type
Unit
Year Built
1974
Floor Size
55m2
Land Size
146m2
Local Government
Hobart

Last Listing description (December 2024)

Conveniently positioned and stylishly renovated throughout, this light-filled apartment with a secure and fully-fenced yard would make a wonderful home or investment. With a refurbished kitchen and bathroom, new 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, an opportunity to acquire a wonderful lifestyle awaits.

Heating: 1 x electric panel heater

Year built: 1974
Annual council rates: $1,600 p.a. approx.
Annual water rates: $1,000 p.a. approx.
Annual strata fees: $650 p.a. approx. (no active Body Corporate)

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Property History for 5/538-540 Nelson Rd, Mount Nelson, TAS 7007

A timeline of how this property has performed in the market
Last Sold
$425,000
05 Oct 2024
Listed for Rent
$190/w
27 Oct 2016
  • 05 Oct 2024
    Sold for $425,000
  • 14 Sep 2024
    Listed for Sale Offers over $395,000
  • 19 Oct 2016
    Listed for Rent $190 / week
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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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