OFF MARKET

331 Park Street
New Town TAS 7008

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 187m2
Land area: 908m2
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Last updated 4 Nov 2024
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Property Details for 331 Park St, New Town

331 Park St, New Town is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1925. The property has a land size of 908m2 and floor size of 187m2.

Building Type
House
Year Built
1925
Floor Size
187m2
Land Size
908m2
Local Government
Hobart
Lot/Plan
1/247847

Last Listing description (January 2020)

Bursting with charm, character and potential, this home is guaranteed to excite a wide range of savvy buyers. Built in 1925 and set on an expansive 918sqm block, renovators will adore the period features on show while developers will recognise the enormous potential of this centrally located property (STCA).

Even before stepping inside, it's clear this home is truly unique from the elegant front porch to the mature rose gardens. Inside, there are multiple living zones on offer along with three generous bedrooms and 1.5 bathrooms.

Tall ceilings and an abundance of natural light ensure the home feels bright and spacious and, with some cosmetic updates, could be restored to its former glory. Ornate cornices and ceiling roses elude to the home's history while a slow-combustion fireplace, electric heating and upgraded wiring ensure complete comfort.

In the heart of the home sits the spacious dining and living zone just waiting for your next gathering with friends plus there is also a formal lounge room with built-in storage. Both the main bathroom and kitchen are a great size and in need of some modern updates to create the comfortable spaces you have always wanted.

There's a sunroom plus an additional powder room off the rear of the house while a detached laundry, multiple storage rooms and a 6.1 x 4.2m garage add functionality to the property. There's also ample under-house storage on offer.

Whether you're looking for subdivision potential or complete redevelopment (STCA), the spacious 918sqm block is packed full of potential.

The site is just a short walk from bus stops, shops and services while the Sacred Heart College, Ogilvie High School and The Friends' School - Morris Primary are all within easy reach. The centre of Hobart is also only a six-minute drive away adding to the appeal of this extremely rare opportunity.

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Property History for 331 Park St, New Town, TAS 7008

A timeline of how this property has performed in the market
  • 04 Nov 2019
    Listed for Sale Expressions of interest

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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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