5/6 Fraser StreetNew Town TAS 7008
Property Details for 5/6 Fraser St, New Town
5/6 Fraser St, New Town is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1913. The property has a land size of 76m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in April 2021.
Last Listing description (May 2021)
Constructed in 1895 and established as a boot factory, "Kensington" was much later transformed into an apartment complex now comprising of seven separate dwellings. Unit 5 represents an outstanding opportunity for investors or owner/occupiers to acquire a solidly built, character-filled unit in a building offering reliable return and immense potential. This particular unit receives beautiful sunlight and glorious mountain views with direct access to the rear carpark from your own private deck.
The unit has an excellent spacious fully equipped kitchen, separate living room, a bathroom with shower over bath and laundry facilities.
Behind its impressive historic faade the property is in excellent condition throughout. Original features remain in situ with timber panelling and an ornate staircase in the foyer area, original timber doors and picture rails all giving the complex character and soul.
Positioned on an allotment of 650 sqm, there is space for at least 5 off street car parks at the rear of the property. Whether you choose to leave it as is or realise further potential gains through another renovation, this unit in "Kensington" presents a fantastic opportunity for the astute investor.
Property History for 5/6 Fraser St, New Town, TAS 7008
- 19 Apr 2021Sold for $445,000
- 11 Apr 2021Listed for Sale Offer over $395,000
- 26 Feb 2021Listed for Rent $350 / week
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0About 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.
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