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Sold on 11 Oct 2024 for $650,000

53 Montagu Street
New Norfolk TAS 7140

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 170m2
Land area: 730m2
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Property Details for 53 Montagu St, New Norfolk

53 Montagu St, New Norfolk is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1923. The property has a land size of 730m2 and floor size of 170m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 4 bedroom House sold in New Norfolk in the last 12 months.

Building Type
House
Year Built
1923
Floor Size
170m2
Land Size
730m2
Local Government
Derwent Valley
Lot/Plan
1/226824

Last Listing description (October 2024)

Situated in the picturesque township of New Norfolk, this substantial circa 1923 solid brick home offers character and charm, whilst offering the potential for dual income or the ability to reside whilst still generating an income stream.

Nestled on the banks of the River Derwent the home offers a flexible floorplan, with accommodation comprising of four generously sized bedrooms, two well-appointed bathrooms, two large living and/or dining areas, as well as a second kitchen. The home has been recently re-wired and has been separately metered allowing for dual tenancy if desired. The home maintains beautiful period charm throughout, including polished hardwood floors, original fireplaces, picture rails and high ceilings.

Outdoors, the securely fenced yard is home to stunning established deciduous trees, a spacious deck on the northern side of the home, as well as off street vehicle parking.

New Norfolk is a rapidly expanding township within the beautiful Derwent Valley. Home to the highly acclaimed Agrarian Kitchen, as well as cafes and riverside walking tracks.

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Property History for 53 Montagu St, New Norfolk, TAS 7140

A timeline of how this property has performed in the market
Last Sold
$650,000
11 Oct 2024
Listed for Rent
$195/w
05 Sep 2016
  • 11 Oct 2024
    Sold for $650,000
  • 10 Oct 2024
    Listed for Sale Offers over $675,000
  • 11 Jun 2024
    Listed for Sale Offers over $675,000
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About New Norfolk 7140

The size of New Norfolk is approximately 18.5 square kilometres. It has 20 parks covering nearly 9.6% of total area. The population of New Norfolk in 2011 was 5,242 people. By 2016 the population was 5,431 showing a population growth of 3.6% in the area during that time. The predominant age group in New Norfolk is 50-59 years. Households in New Norfolk are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in New Norfolk work in a labourer occupation. In 2011, 65.3% of the homes in New Norfolk were owner-occupied compared with 62.9% in 2016.

New Norfolk has 3,114 properties. Over the last 5 years, Houses in New Norfolk have seen a 66.07% increase in median value, while Units have seen a 91.66% increase. As at 31 October 2024:

  • The median value for Houses in New Norfolk is $468,469 while the median value for Units is $453,449.
  • Houses have a median rent of $450 while Units have a median rent of $370.
There are currently 54 properties listed for sale, and 9 properties listed for rent in New norfolk on OnTheHouse. According to CoreLogic's data, 118 properties were sold in the past 12 months in New norfolk.

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