SOLD
Sold on 27 Feb 2024 for $1,650,000

156 New Town Road
New Town TAS 7008

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 196m2
Land area: 1418m2
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Property Details for 156 New Town Rd, New Town

Building Type
Commercial
Year Built
1980
Floor Size
196m2
Land Size
1418m2
Local Government
Hobart
Lot/Plan
1/171514

Last Listing description (March 2015)

156 NEW TOWN ROAD
SITUATED WITH FRONTAGE TO BUSTLING NEW TOWN ROAD THIS HIGH PROFILE SITE WILL PROVIDE YOUR BUSINESS WITH FIRST CLASS EXPOSURE. THE TENANCY ON OFFER HAS MOST RECENTLY BEEN USED AS A RETAIL SPACE FOR MANY YEARS BUT LENDS ITSELF TO A VAST VARIETY OF OPTIONS (STCA). THE TENANCY HAS USEABLE SPACE OF 190SQM APPROX AND HAS AN ABUNDANCE OF STORAGE AND PARKING SPACE. FOR FURTHER INFORMATION PLEASE CONTACT MATTHEW WRIGHT.

Property History for 156 New Town Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$1,650,000
27 Feb 2024
Listed for Rent
$901/w
05 Mar 2015
  • 27 Feb 2024
    Sold for $1,650,000
  • 17 Jan 2017
    Sold for $670,000
  • 03 Oct 2014
    Listed for Rent $47,000 / year

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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.
There are currently 16 properties listed for sale, and 7 properties listed for rent in New town on OnTheHouse. According to CoreLogic's data, 94 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.