SOLD
RECENT ADVICE
Sold on 12 Dec 2023 for $378,000

4/62 Bellevue Parade
New Town TAS 7008

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 74m2
Land area: 87m2
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Property Details for 4/62 Bellevue Pde, New Town

4/62 Bellevue Pde, New Town is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 87m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in New Town in the last 12 months.

Building Type
Unit
Year Built
1990
Floor Size
74m2
Land Size
87m2
Local Government
Hobart
Lot/Plan
4/56709

Last Listing description (December 2023)

Nestled in the heart of New Town, this property offers the perfect blend of convenience and low-maintenance living, with features including double glazed windows ensuring year-round comfort and a carpark on title.

A charming porch welcomes you into an open-plan living area that seamlessly transitions to a bright kitchen with timber benchtops. Accessible from the kitchen, a petite, northerly aspect outdoor courtyard extends the living space.

Upstairs, two generously sized bedrooms provide a peaceful, sunny sanctuary, while the northerly bedroom benefits beautiful views of the mountain. The unit is serviced by a combined bathroom/laundry for added practicality.

Currently under lease until April 2024 with reliable tenants in place, this unit stands as a lucrative investment prospect for astute investors. For those keen to undertake a renovation venture, an exciting canvas awaits or simply those aspiring to make a seamless entry into the property market, this unit serves as an ideal starting point offering the flexibility to consider moving in at the conclusion of the lease.

Centrally positioned, the unit boasts easy access to bus links as well as the intercity cycleway leading into the city or further north to Glenorchy, while a short drive leads to the nearby New Town Plaza, providing convenient amenities. Nature enthusiasts will appreciate the proximity to Cornelian Bay, a ten-minute stroll away, offering picturesque walking tracks, public BBQ facilities, and the renowned Cornelian Bay Boathouse.

• Current weekly rental income: $365 p/w
• Heating: Electric panel heater
• Annual council rates: $1220 approx
• Annual water rates: $930 approx
• Annual body corporate fees: $1420 approx

Property History for 4/62 Bellevue Pde, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$378,000
12 Dec 2023
Listed for Rent
$360/w
08 Apr 2020
  • 12 Dec 2023
    Sold for $369,000
  • 25 Nov 2023
    Listed for Sale Offers over $360,000
  • 01 Apr 2020
    Listed for Rent $360 / 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.

Suburb Insights for New Town 7008

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Contact agent
Tay Smook
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Elders Tasmania
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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.