OFF MARKET

65 Bay Rd
New Town TAS 7008

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Floor area: 141m2
Land area: 878m2
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Last updated 4 Nov 2024
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Property Details for 65 Bay Rd, New Town

65 Bay Rd, New Town is a 3 bedroom, 2 bathroom Unit with 4 parking spaces and was built in 1941. The property has a land size of 878m2 and floor size of 141m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
Unit
Year Built
1941
Floor Size
141m2
Land Size
878m2
Local Government
Hobart
Lot/Plan
4/22072

Last Listing description (June 2021)

Offering dual income and potential for further development (STCA) this is an attractive opportunity for an investor willing to roll up their sleeves.

Currently split as two separate units: a one bedroom and a two-bedroom unit with great potential to renovate, add value and collect a good market return. In addition, with the position of the existing property and good access to the rear, there is potential to build additional dwellings (STCA).

For those seeking their forever home, there is an exciting opportunity to transform the property back into a comfortable three-bedroom home in a great location and with big yard to enjoy - it just needs the right vision, and you can then capitalise on the beautiful character that already exist at this property.

Conveniently located in the popular suburb of New Town, it is positioned in a quiet and sought-after street that provides suburban serenity yet is just a few easy steps to the New Town Plaza complex and a further 10 minutes to the Hobart CBD. This property presents a unique opportunity for one lucky buyer to invest and/or create a beautiful home in such a prized location.

For further information or to arrange a private inspection, please contact Ben Vance or Tom Levett.

Council Rates: $2,700.00 per annum (approx.)
Water Rates: $1,000.00 per annum (approx.)

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Property History for 65 Bay Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$785,000
31 Mar 2021
  • 31 Mar 2021
    Sold for $785,000
  • 23 Mar 2021
    Listed for Sale Expressions of Interest

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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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