OFF MARKET

6 Fraser Street
New Town TAS 7008

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 530m2
Land area: 650m2
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Last updated 4 Nov 2024
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Property Details for 6 Fraser St, New Town

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 650m2 and floor size of 530m2. While the property is not currently for sale or for rent, it was last sold in September 2017.

Building Type
Unit
Year Built
1913
Floor Size
530m2
Land Size
650m2
Local Government
Hobart
Lot/Plan
1/175784

Last Listing description (May 2019)

Constructed in 1895 and established as a boot factory, 'Kensington' was much later transformed into an apartment complex now comprising of 7 separate dwellings. These units are now available separately representing an outstanding opportunity for investors or owner/occupiers to acquire a solidly built, character-filled building offering reliable return and immense potential.
To be sold in stages (units 3, 6 and 7 now sold, units 1, 2 and 4 now available) each of the seven apartments has a fully equipped kitchen and spacious separate living room. Apartment 1 has 2 double bedrooms and apartments 2 and 4 have 1 double bedroom each. All apartments have a bathroom with shower over bath and laundry facilities.
Behind its impressive historic fa ade 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 a renovation, 'Kensington' presents a fantastic opportunity for the astute investor.
Unit 1 (2 bed) is offers over $395,000 and units 2 & 4 (1 bed) are offers in the low $300,000s.

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Property History for 6 Fraser St, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$1,382,000
08 Sep 2017
Listed for Rent
$280/w
28 Jun 2013
  • 13 May 2019
    Listed for Sale Early $300,000s each
  • 10 Oct 2018
    Listed for Sale Offers over $325,000 each
  • 08 Sep 2017
    Sold for $1,382,000
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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 3,096 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.
There are currently 15 properties listed for sale, and 9 properties listed for rent in New town on OnTheHouse. According to CoreLogic's data, 92 properties were sold in the past 12 months in New town.

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