SOLD
Sold on 05 Jun 2024 for $300,000

5/46 Tower Road
New Town TAS 7008

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 56m2
Land area: 56m2
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Sold By
Justin Atkinson
Fall Real Estate
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Property Details for 5/46 Tower Rd, New Town

5/46 Tower Rd, New Town is a 1 bedroom, 1 bathroom Unit and was built in 1961. The property has a land size of 56m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Unit sold in New Town in the last 12 months.

Building Type
Unit
Year Built
1961
Floor Size
56m2
Land Size
56m2
Local Government
Hobart
Lot/Plan
5/152579

Last Listing description (August 2024)

Explore the exciting potential of 5/46 Tower Rd, New Town, where a promising investment opportunity awaits in the form of a one bedroom unit. Currently leased until 4th October 2024 at $300 per week, this property presents a consistent income for investors, complemented by the added allure of a private balcony, seamlessly merging indoor and outdoor living.

Situated in a prime central location, the unit provides convenient access to public transport and shopping centers, with the added advantage of being close to the cycle way leading directly to the CBD. Step out onto your private balcony to savor the fresh air and expand your living space, enhancing the overall charm of this property.

Inside, discover a well-designed living space featuring a generously sized bedroom, a spacious open-plan layout comprising living, dining, and kitchen areas, as well as a well-appointed bathroom and amenities. The balcony serves as a delightful retreat, offering an ideal spot for relaxation.

In the midst of a dynamic real estate market, this property caters to both investors seeking growth opportunities and prospective residents planning to make this unit their home post-lease. Additionally, the property serves as an affordable entry point, with council rates at $1,060 approx, water rates at $1,020 approx, and Body Corp fees at $1,750 approx.

Call us today to book an inspection.

The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

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Property History for 5/46 Tower Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$300,000
05 Jun 2024
Listed for Rent
$300/w
02 Oct 2023
  • 05 Jun 2024
    Sold for $300,000
  • 22 Jan 2024
    Listed for Sale $300,000 plus
  • 30 Aug 2023
    Listed for Rent $300 / 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 3,098 properties. Over the last 5 years, Houses in New Town have seen a 26.14% increase in median value, while Units have seen a 32.49% increase. As at 31 August 2024:

  • The median value for Houses in New Town is $802,420 while the median value for Units is $517,885.
  • Houses have a median rent of $580 while Units have a median rent of $450.
There are currently 10 properties listed for sale, and 5 properties listed for rent in New town on OnTheHouse. According to CoreLogic's data, 90 properties were sold in the past 12 months in New town.

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