SOLD
Sold on 29 Aug 2024 for $840,000

43A Pirie Street
New Town TAS 7008

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 457m2
Land area: 1369m2
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Property Details for 43a Pirie St, New Town

Building Type
Land
Year Built
1968
Floor Size
457m2
Land Size
1369m2
Local Government
Hobart
Lot/Plan
1/107319

Last Listing description (June 2023)

Knight Frank is pleased to offer for sale this premium DA-approved land parcel in the sought-after suburb of New Town.

The inner-residential zoned land benefits from a permit to develop 6 three-storey luxury townhouses, all benefiting from excellent views of Mt Wellington. The property is located on the corner of Pirie Street and Roope Street, and is conveniently positioned minutes from North Hobart's bustling retail and restaurant precinct to the west, and the Coles and K-Mart anchored New Town Plaza to the north. The site is also within close proximity to a number of private and public schools, parks and commercial amenites.


Each of the approved townhouses includes 5-bedrooms, 4-bathrooms, a two car garage and provisions for an internal lift. The townhouses will appeal to the inner-city downsizer and young professional couples, and will be a rare and sought-after offering in the residential market.

*Approximately

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Property History for 43a Pirie St, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$840,000
29 Aug 2024
  • 29 Aug 2024
    Sold for $840,000
  • 25 Jan 2023
    Listed for Sale Contact agent
  • 16 Mar 2020
    Sold for $455,771
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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 3,097 properties. Over the last 5 years, Houses in New Town have seen a 30.35% increase in median value, while Units have seen a 18.79% increase. As at 30 November 2024:

  • The median value for Houses in New Town is $811,334 while the median value for Units is $493,693.
  • Houses have a median rent of $590 while Units have a median rent of $443.
There are currently 16 properties listed for sale, and 2 properties listed for rent in New town on OnTheHouse. According to CoreLogic's data, 93 properties were sold in the past 12 months in New town.

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