117a Swanston St, New Town is a 3 bedroom, 1 bathroom Unit and was built in 1980. The property has a land size of 236m2 and floor size of 100m2.
This quality weatherboard home in a prime location within walking distance to New Town Plaza and just minutes outside the Hobart CBD is a terrific investment opportunity. Currently leased for $530 per week until March 2021 it is an easy addition to a rental portfolio.
The home comprises a comfortable open plan living area with updated kitchen and appliances and a Daikin heat pump. There are three large bedrooms, the main with a WIR, and main bathroom with walk-in shower. A utility room at the rear leads to a second WC and separate laundry and there is also rear deck, courtyard and single OSP. Very neatly presented throughout, the home is an incredibly low maintenance investment providing a very strong return.
Blue chip rental just outside the city
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:
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