OFF MARKET

1/28 Bay Road
New Town TAS 7008

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 101m2
Land area: 283m2
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Property Details for 1/28 Bay Rd, New Town

1/28 Bay Rd, New Town is a 3 bedroom, 1 bathroom Unit and was built in 1972. The property has a land size of 283m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
Unit
Year Built
1972
Floor Size
101m2
Land Size
283m2
Local Government
Hobart

Last Listing description (September 2022)

Here is a rare opportunity to experience convenient living and low maintenance outdoor space in this three-bedroom downstairs unit, located in a quiet and leafy corner of always-popular New Town. Built in 1972, and one of just two strata title units on the private internal block, this impressive property will attract a range of purchasers.

The light and sunny open plan living area includes an upgraded kitchen with induction cooktop, and plenty of storage, and there is room for dining with a pleasant outlook. The lounge is a cosy and inviting space with direct access to the elevated deck and rear garden. There is a reverse cycle air conditioner to keep you comfortable at any time of year.


All three bedrooms have a private and peaceful ambiance, with generous built-in storage in the master bedroom. There are combined laundry and bathroom facilities - and additional luxury of a heated towel rail - and the toilet is located separately.

Bask in the sun on the north-facing timber deck and enjoy relaxed outdoor dining or moments of tranquil solitude. The nicely sized 282sqm block easily accommodates low-maintenance open garden space, a BBQ area and a garden shed. There is also a single carport, and recently replaced guttering, facias and downpipes on the whole building. A generous storage area underneath is an ideal place to secure your bikes and garden tools. From underneath the solid Tasmanian Oak floorboards are revealed. Presently the unit is carpeted.

This is an unbeatable location, with ideal proximity to local services and attractions. Walk to the New Town Nursery Caf, New Town Plaza - with so many shops to choose from - in just over 5 minutes, and there are a number of well-regarded schools and childcare facilities less than 1km away. Just around the corner on Park St is a regular bus service, and you can drive into central Hobart in less than 10 minutes. Link up to the Intercity Cycleway right at the end of Bay Rd, which will easily get you to popular Cornelian Bay playground and recreation area - a grand day out for the whole family.

Tenanted until January 2023 at $440 per week - this property could be a fantastic addition to your investment portfolio, the perfect chance to downsize, or to secure your future with a centrally located and low-maintenance first home.

You won't want to miss this opportunity for quiet, convenient and low maintenance living in such an enviable location. Contact Mel to arrange an inspection by appointment, adhering to the required period of notice to tenants and the respectful request to wear a face mask and sanitise prior to entering the property, with thanks for your co-operation and understanding.

"We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations".

Property History for 1/28 Bay Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$604,000
18 Jul 2022
Listed for Rent
$440/w
03 Jan 2022
  • 18 Jul 2022
    Sold for $604,000
  • 17 Jun 2022
    Listed for Sale Offers Over $595,000
  • 03 Jan 2022
    Listed for Rent $440 / week
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About New Town 7008

The size of New Town is approximately 4 square kilometres. It has 8 parks covering nearly 9.3% of total area. The population of New Town in 2011 was 5,968 people. By 2016 the population was 6,109 showing a population growth of 2.4% in the area during that time. The predominant age group in New Town is 30-39 years. Households in New Town are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Town work in a professional occupation. In 2011, 58.2% of the homes in New Town were owner-occupied compared with 57.4% in 2016.

New Town has 3,096 properties. Over the last 5 years, Houses in New Town have seen a 31.16% increase in median value, while Units have seen a 21.78% increase. As at 30 September 2024:

  • The median value for Houses in New Town is $821,345 while the median value for Units is $481,476.
  • Houses have a median rent of $580 while Units have a median rent of $450.
There are currently 15 properties listed for sale, and 8 properties listed for rent in New town on OnTheHouse. According to CoreLogic's data, 92 properties were sold in the past 12 months in New town.

Suburb Insights for New Town 7008

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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.