SOLD
Sold on 07 May 2024 for $375,000

1/46 Tower Road
New Town TAS 7008

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 80m2
Land area: 146m2
Sold By
Petrusma Property - Sandy Bay
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Property Details for 1/46 Tower Rd, New Town

1/46 Tower Rd, New Town is a 2 bedroom, 1 bathroom Unit and was built in 1961. The property has a land size of 146m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in New Town in the last 12 months.

Building Type
Unit
Year Built
1961
Floor Size
80m2
Land Size
146m2
Local Government
Hobart
Lot/Plan
1/152579

Last Listing description (June 2024)

Conveniently positioned just moments from everything that New Town has to offer, this unit presents as an ideal low maintenance opportunity for downsizers, first home buyers or investors. Set back from the road for added privacy, this property is the perfect blend of peace and proximity.

As you enter the unit, the open plan kitchen and living space benefits from large windows that flood the inside with natural light. The kitchen is well-equipped, has plenty of storage and benefits from a leafy northerly outlook. Accommodation is provided by two generously sized bedrooms that are serviced by a central bathroom. The unit also features a large storage room. The property has been freshly painted throughout and the exposed brick fireplace surround gives a touch of character. This makes spending time inside both pleasant and enjoyable; and offers an enticing move-in ready opportunity at an affordable price.

The property is located in a highly sought after New Town location and is close to shops, transport, and services. If you still require a car, there is plenty of shared off street parking on common property. This truly is the perfect low maintenance and convenient option for anyone looking for an investment or home in a premium location.

- Freshly painted throughout.
- A well-equipped open plan kitchen.
- Private northerly outlook from kitchen and bedroom.
- A large storage room.
- Close to shops, transport, and services.
- Shared off street parking.
- Rental assessment: $350p/w Approx.
- Premium location at an affordable price!

Property History for 1/46 Tower Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$375,000
07 May 2024
Listed for Rent
$200/w
07 Dec 2015
  • 07 May 2024
    Sold for $375,000
  • 13 Mar 2024
    Listed for Sale Not Disclosed
  • 06 Feb 2016
    Sold for $170,000
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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 9 properties listed for rent in New town on OnTheHouse. According to CoreLogic's data, 91 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.