3/6 Fraser StreetNew Town TAS 7008
Property Details for 3/6 Fraser St, New Town
3/6 Fraser St, New Town is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1913. The property has a land size of 106m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in March 2019.
Last Listing description (January 2020)
Constructed in 1895 and established as a boot factory, "Kensington" was much later transformed into an apartment complex now comprising of 7 separate dwellings. These units are now available separately representing an outstanding opportunity for investors or owner/occupiers to acquire a solidly built, character-filled building offering reliable return and immense potential.
To be sold in stages (units 6 and 7 now sold, units 1 and 3 now available) each of the seven apartments has a fully equipped eat-in kitchen and spacious separate living room. Apartment 1 has two double bedrooms and apartments 2 - 7 have one double bedroom each. All apartments have a bathroom with shower over bath and laundry facilities. Two apartments have a private balcony and another two on the ground floor have a private terrace. Behind its impressive historic faade the property is in good condition throughout. Original features remain in situ with timber panelling and an ornate staircase in the foyer area, original timber doors and picture rails all giving the complex character and soul.
Positioned on an allotment of 650 sqm, there is space for at least five off street car parks at the rear of the property. Whether you choose to leave it as is or realise further potential gains through a renovation, "Kensington" presents a fantastic opportunity for the astute investor.
Property History for 3/6 Fraser St, New Town, TAS 7008
- 28 Jun 2019Listed for Rent - Price not available
- 25 Mar 2019Sold for $321,000
- 23 Jan 2019Listed for Sale $325,000
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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 3,093 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.
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