SOLD
Sold on 22 Jul 2024 for $515,000

5/122-124 New Town Road
New Town TAS 7008

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 100m2
Land area: 141m2
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Property Details for 5/122-124 New Town Rd, New Town

5/122-124 New Town Rd, New Town is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2004. The property has a land size of 141m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Townhouse sold in New Town in the last 12 months.

Building Type
Townhouse
Year Built
2004
Floor Size
100m2
Land Size
141m2
Local Government
Hobart
Lot/Plan
5/141309

Last Listing description (September 2024)

Conveniently located in the heart of New Town, this well presented two-bedroom townhouse is an investor or first home buyer's dream.

Designed to maximise space, the comfortable open living/dining adjoins the smartly presented kitchen with quality appliances, an abundance of storage and generous bench space.

Both bedrooms benefit from built-in wardrobes, and the upstairs bedroom features a lovely view out to Mount Wellington, whilst the bathroom is as neat as a pin with both a shower and a bath.

The courtyard provides a great sunny spot for gathering with family and friends around the bbq and a real bonus is the second outdoor deck area, which is quite a unique addition for a townhouse. Additional features comprise of a reverse cycle heat pump, secure garage and massivestorage under.

Central to local shops, schools and services, with New Town Plaza only a stroll away and just a short drive to the city centre this location is hard to beat.

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Property History for 5/122-124 New Town Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$515,000
22 Jul 2024
Listed for Rent
$420/w
19 Jun 2020
  • 22 Jul 2024
    Sold for $515,000
  • 02 Jul 2024
    Listed for Sale Offers Over $500,000
  • 12 May 2020
    Listed for Rent - Price not available
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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.
There are currently 16 properties listed for sale, and 6 properties listed for rent in New town on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in New town.

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