52 New Town RoadNew Town TAS 7008
Property Details for 52 New Town Rd, New Town
Last Listing description (November 2023)
48-52 New Town Road, New Town, has recently been cleared, is level and is accessible from 3 connecting roads, New Town Road, Clare Street and Seymour Street respectively. It is exceptionally well located approximately 2.5 km North West of the CBD in one of Hobarts most sought-after residential suburb's.
New Town, (Hobart's first suburb) is characterised by a number of stately homes of a grand nature and is keenly sought as a desirable and tightly held inner city residential location.
The site is only a short distance to local shops, schools, major supermarkets, shopping centre's and North Hobart's popular cafe/restaurant strip. The land is on a public transport route and is an easy walk to numerous cafe's, bar's & restaurants, and a quick and easy commute to the Hobart CBD.
The site has an active DA for a medical facility of some 20,500 SQM demonstrating the potential density that could be achieved on site.
Large, central development sites are rare in Hobart and with no further land likely to be built and the demand for housing outstripping supply this opportunity should be seriously considered by all developers.
Property History for 52 New Town Rd, New Town, TAS 7008
- 01 May 2024Sold for $7,700,000
- 13 Sep 2023Listed for Sale Contact agent to discuss
- 06 Jul 2022Sold for $3,500,000
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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 3,095 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.
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