OFF MARKET

7/388 Park Street
New Town TAS 7008

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Land area: 71m2
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Property Details for 7/388 Park St, New Town

7/388 Park St, New Town is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1971. The property has a land size of 71m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in February 2008.

Building Type
Unit
Year Built
1971
Floor Size
54m2
Land Size
71m2
Local Government
Hobart
Lot/Plan
7/59454

Last Listing description (February 2021)

Spacious and newly updated, this single bedroom unit is located in the popular and convenient suburb of New Town. An open plan living room with water views across the river and fresh paint and flooring throughout the property. The kitchen contains ample cupboard space and a breakfast bench. Combined bathroom/laundry containing shower over bath and separate toilet. The large main bedroom contains built-in robes and attracts plenty of sunlight at the front of the apartment. The property has one OSP, is opposite a bus stop and only a short drive to the New Town Shopping Centre, schools and North Hobart eateries. Unfortunately, pets are not permitted.

Property History for 7/388 Park St, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$175,000
23 Feb 2008
Listed for Rent
$350/w
23 Feb 2021
  • 04 Feb 2021
    Listed for Rent $350 / week
  • 10 Jan 2020
    Listed for Rent $315 / week
  • 23 Feb 2008
    Sold for $175,000
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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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