OFF MARKET

1A/33 Tower Road
New Town TAS 7008

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 108m2
Land area: 124m2
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Last updated 4 Nov 2024
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Property Details for 1a/33 Tower Rd, New Town

1a/33 Tower Rd, New Town is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1957. The property has a land size of 124m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
1957
Floor Size
108m2
Land Size
124m2
Local Government
Hobart
Lot/Plan
105/135344

Last Listing description (November 2023)

This is a perfect opportunity to purchase a low maintenance secure large apartment with lift access, over 100m2 of useable space including your own spacious balcony off the living area, intercom access, 2 well sized covered car spots and loads of natural light with views to Mount Wellington. It's the perfect 'lock up and leave' property and is as secure as you can get and the bonus here is there is ample storage throughout - above and beyond most apartments you will find on the market within a few minutes to Hobart.

It is rare to find an apartment of this size and extremely welcoming layout and a great feel. The apartment is currently tenanted with a short term lease.

The living area offers plenty of room for lounge and dining configurations and adjacent to this area sits the balcony, providing a place to enjoy the sun and fresh air whilst taking in the surrounding vistas. The kitchen has a beautiful benchtop, white gloss cabinetry with timber detailing, mosaic tiled splash-back and frosted glass overhead cupboards.

Two large bedrooms, both with built in wardrobes and main with a spacious ensuite. The tiled main bathroom incorporates a bath/shower combination and a smartly located laundry behind the bi-fold doors.

About New Town
Central located within close proximity to retail and cafe precincts in each direction of this property including chemists, doctors surgery, cafes, post office and many other shops. You can soak up the fresh air in the leafy surrounds and enjoy the many bushwalking trails on offer, within a few km to the Hobart CBD.

About Tasmania
With over $28 billion worth of infrastructure projects in the pipeline over the next decade in Tasmania (not including government housing projects), Hobart remains a solid city to be investing in with migration levels back to pre-pandemic levels and population growth with around 25,000 additional residents recorded in the last census. Demand is currently high, rental yields are great, and stock levels of quality homes low. We encourage you to get in quick on this opportunity.

* The vendor reserves the right to accept offers prior to the advertised open home times.

* Currently Tenanted until September 2023
Rental Rate approx: $480 per week
Body corporate approx. $4,500 p/a
Heating: Heat Pump

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Property History for 1a/33 Tower Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$530,000
04 Sep 2023
Listed for Rent
$480/w
20 Feb 2023
  • 04 Sep 2023
    Sold for $530,000
  • 17 Apr 2023
    Listed for Sale Offers In the early $500's
  • 20 Feb 2023
    Listed for Rent $480 / 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 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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