SOLD
Sold on 08 Feb 2024 for $455,000

18/31 Tower Road
New Town TAS 7008

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 85m2
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Property Details for 18/31 Tower Rd, New Town

18/31 Tower Rd, New Town is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1957. The property has a land size of 85m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in New Town in the last 12 months.

Building Type
Unit
Year Built
1957
Floor Size
75m2
Land Size
85m2
Local Government
Hobart
Lot/Plan
122/135344

Last Listing description (March 2019)

This modern one bedroom, immaculately presented unit is in the perfect location. Situated in New Town within walking distance to local shops and closely located to a major bus route, you will be impressed with the light filled ambience of the open plan living, dining & kitchen area.
The spacious bedroom offers plenty of storage with a large built in wardrobe. Just to make this unit even more perfect, it also comes with a fridge, washing machine, dryer and microwave.
Call today to arrange your viewing!

Property History for 18/31 Tower Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$455,000
08 Feb 2024
Listed for Rent
$395/w
27 Mar 2019
  • 08 Feb 2024
    Sold for $455,000
  • 05 Feb 2019
    Listed for Rent - Price not available
  • 26 Feb 2018
    Listed for Rent - Price not available
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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.