SOLD
Sold on 07 Feb 2024 for $840,000

13/31 Tower Road
New Town TAS 7008

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 196m2
Land area: 225m2
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Property Details for 13/31 Tower Rd, New Town

13/31 Tower Rd, New Town is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1957. The property has a land size of 225m2 and floor size of 196m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom Unit sold in New Town in the last 12 months.

Building Type
Unit
Year Built
1957
Floor Size
196m2
Land Size
225m2
Local Government
Hobart
Lot/Plan
109/135344

Last Listing description (April 2024)

Situated on the first floor of an outstanding 1950s complex, this contemporary apartment offers generous living accommodation with commanding mountain and suburban views. Linear windows and double sliding doors provide abundant natural light throughout.

- Two open-plan living areas extend onto private balconies
- Stylishly configured kitchen, ample bench and storage spaces

- Three generous size bedrooms, master with large ensuite and WIR
- Work from home study/sunroom/additional fourth bedroom
- Modern bathrooms with bathtub and adjoining European laundry
- Secure, level access to lift, well-maintained common areas
- Common roof-top deck, games room and lock-up bicycle storage
- Double carport for off-street parking
- Short walk to excellent schools, shops and transport
- Close to Cornelian Bay, New Town Rivulet and cycleway

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Property History for 13/31 Tower Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$840,000
07 Feb 2024
Listed for Rent
$650/w
14 Jun 2023
  • 07 Feb 2024
    Sold for $840,000
  • 11 Dec 2023
    Listed for Sale Offers $795,000+
  • 05 Jun 2023
    Listed for Rent $650 / 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 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.
There are currently 15 properties listed for sale, and 7 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.

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