OFF MARKET

16 Archer Street
New Town TAS 7008

Bedrooms: 4
Bathrooms: 1
Car spaces: 6
Floor area: 260m2
Land area: 835m2
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Last updated 4 Nov 2024
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Property Details for 16 Archer St, New Town

16 Archer St, New Town is a 4 bedroom, 1 bathroom House with 6 parking spaces and was built in 1900. The property has a land size of 835m2 and floor size of 260m2. While the property is not currently for sale or for rent, it was last sold in April 2018.

Building Type
House
Year Built
1900
Floor Size
260m2
Land Size
835m2
Local Government
Hobart
Lot/Plan
1/50743

Last Listing description (June 2018)

So if the Golden Rule of Real Estate is 'Location, location', it's hard to look past this substantial property.
Situated in the heart of New Town, and within walking distance of schools, shops, restaurants, the CBD and Salamanca Place, this property has, for many years, housed the New Town Doctors Surgery. Currently zoned C22 (Professional room surgery etc), it has the potential to be returned to its original, residential purpose (STCA).
Whilst the existing configuration offers multiple consultation rooms together with reception, waiting area, staff and treatment rooms, the floor area is considerable (275m2 approx) and, with some creativity, this could be returned to an amazing family home.

The land area is generous (826m2 approx) and the rear of the property currently lends itself to considerable parking (double garage + OSP). The large plot size also offers some potential for further development (STCA).
We would be pleased to show you through this property by appointment, please contact Michael or Jill to arrange a time.
Please note: The vendor reserves the right to accept an offer or withdraw the property from sale prior to the close of Expressions of Interest date.
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 16 Archer St, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$940,000
06 Apr 2018
  • 06 Apr 2018
    Sold for $940,000
  • 03 Apr 2018
    Listed for Sale Expressions of Interest closing 5pm, 27 April 2018
  • 20 Oct 1998
    Sold for $50,000

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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, 92 properties were sold in the past 12 months in New town.

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