OFF MARKET

508 Nelson Road
Mount Nelson TAS 7007

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Floor area: 109m2
Land area: 987m2
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Last updated 16 Dec 2024
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Property Details for 508 Nelson Rd, Mount Nelson

508 Nelson Rd, Mount Nelson is a 2 bedroom, 1 bathroom House with 4 parking spaces and was built in 1951. The property has a land size of 987m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in April 2016.

Building Type
House
Year Built
1951
Floor Size
109m2
Land Size
987m2
Local Government
Hobart
Lot/Plan
1/55832

Last Listing description (December 2016)

What an great opportunity for new owners to display their renovation talent with this one owner 1950s home located in one of Hobarts most sought after suburbs.
The present flexible floor plan lends itself to a rear extension overlooking the garden and bush beyond, or perhaps just an upgrade of the existing accommodation.

Currently the two bedrooms are complimented by a wood heated lounge; separate dining area with heat pump and basically original but very serviceable kitchen and bathroom facilities.
The near level rear yard with a heap of workshop and storage areas would be ideal for kids and pets, and the convenient location is just a short stroll to the local shop and Hobart College.
The larger than average block lends itself to redevelopment (Subject to the normal council approvals.) So, roll up your sleeves, bring your paintbrush, and convert this unique opportunity in to your own pride and joy.

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Property History for 508 Nelson Rd, Mount Nelson, TAS 7007

A timeline of how this property has performed in the market
Last Sold
$325,000
06 Apr 2016
  • 06 Apr 2016
    Sold for $325,000
  • 24 Mar 2016
    Listed for Sale Offers in the low to middle $300,000s

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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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