119 New Town RoadNew Town TAS 7008
Property Details for 119 New Town Rd, New Town
119 New Town Rd, New Town is a 3 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2019. The property has a land size of 1794m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in November 2015.
Last Listing description (November 2015)
Located on New Town Road, approximately 500m from the Risdon Road intersection, this property offers a fantastic blend of location, visibility and potential. With a block size of 1750 sqm, the buildings occupy 459 sqm of that space, allowing the new owner to utilise the current structure or to develop the site to suit. Most recently used as a showroom, the site was the longtime business premises for Mayne s Marine. Currently the existing structure offers around 220 sqm of showroom/office space and around 240 sqm of workshop space.
Zoned Urban Mixed Use under the Hobart Interim Planning Scheme 2015, the property offers many future uses including business and residential uses STCA.
Once a Service Station, the site has been partially decommissioned with an Assessment Report available.
Property History for 119 New Town Rd, New Town, TAS 7008
- 23 May 2019Listed for Sale Not Disclosed
- 16 Nov 2015Sold for $885,000
- 15 Jul 2015Listed for Sale $900,000 + GST
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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 3,093 properties. Over the last 5 years, Houses in New Town have seen a 27.39% increase in median value, while Units have seen a 25.10% increase. As at 31 October 2024:
- The median value for Houses in New Town is $809,021 while the median value for Units is $508,030.
- Houses have a median rent of $590 while Units have a median rent of $445.
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