OFF MARKET

28 Bay Road
New Town TAS 7008

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Floor area: 233m2
Land area: 784m2
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Property Details for 28 Bay Rd, New Town

28 Bay Rd, New Town is a 6 bedroom, 2 bathroom House with 2 parking spaces and was built in 1972. The property has a land size of 784m2 and floor size of 233m2. While the property is not currently for sale or for rent, it was last sold in March 2013.

Building Type
House
Year Built
1972
Floor Size
233m2
Land Size
784m2
Local Government
Hobart
Lot/Plan
1/80852

Last Listing description (March 2013)

Top Location, Great Investment
Ideally suited to investors, dual occupancy or a large family this 2 storey 1970's home currently comprises of two 3 bedroom flats. On a quiet internal block with plenty of off street parking, the home enjoys sweeping views to Mount Direction and Cornelian Bay.
The downstairs flat has been tastefully modernized, with a great kitchen and bathroom and 3 bedrooms. It is fitted with a reverse cycle air-conditioner in the living area, and sliding glass doors open on to a good-sized deck - great for undercover BBQ's - which overlooks and provides access to the back garden.

The entry to the upstairs flat is spacious and interesting, typically 70's and would easily accommodate a lift if required. There are still some interesting (and tasteful) 70's features in the upstairs flat, but whereas buyers might like to update, renovation is not required. In fact the flat lends itself to a gorgeous, easily achievable 70's retro look. The upstairs flat has a large kitchen, well-built with solid Myrtle units, a covered balcony with sweeping views, large bedrooms - the master absolutely huge - and heaps of cupboard space.
There is also a basement workshop for the home handyman with lots of storage, and a covered double car space with plenty of turning space and room for more parking. The bitumen driveway extends down the side of the house and would easily accommodate a motor home. Both flats are plumbed for bottled gas.
All offers will be considered, but returning good rents with excellent tenants looking to renew leases, the property is most perfect for an investor.
- 2 storey, separate unit on each level
- 2 great kitchens, no need to renovate
- Superb location in sought-after street
- Solid construction, workshop / storage
- So close to Hobart, North Hobart etc.
Year Built: 1972
Heating: Wood heater & Panasonic inverter heater

Property History for 28 Bay Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$560,000
02 Mar 2013
  • 02 Mar 2013
    Sold for $560,000
  • 07 Nov 2012
    Listed for Sale $580,000 - $620,000
  • 10 Aug 1993
    Sold for $182,000

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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.

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.