SOLD
Sold on 22 Mar 2024 for $457,500

7/4 Hildern Street
New Town TAS 7008

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
Land area: 68m2
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Property Details for 7/4 Hildern St, New Town

7/4 Hildern 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 68m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in New Town in the last 12 months.

Building Type
Unit
Year Built
1971
Floor Size
68m2
Land Size
68m2
Local Government
Hobart
Lot/Plan
7/59462

Last Listing description (December 2022)

Within a 15-minute walk to the North Hobart restaurant strip in one direction, and the Lenah Valley shopping precinct in the other, this large 1-bedroom apartment is located perfectly for those seeking a low maintenance, city fringe lifestyle.

Investors, take note of the enticing combination of high yield (approx. 5%) and capital growth (+34% since 2020*) potential. In a tightening rental market, this property presents as an easy "set and forget" addition to your investment portfolio and the location will be especially attractive for potential tenants working at the nearby Calvary Hospital.

Available as vacant possession to also suit owner occupiers, this second level apartment features panoramic urban views from the generously proportioned living and dining areas, whilst the adjoining kitchen is highlighted by handsome blackwood cabinetry and sleek black mosaic splashback tiles.

The large master bedroom is freshly carpeted and includes a built in wardrobe and spacious ensuite bathroom with shower, bath, vanity, and toilet.

The apartment is serviced by a ground floor garage, suitable for a small vehicle, gym, or storage facility. Common areas provide more room for visitor car parking.

Please register your interest quickly, as this property is sure to create plenty of attention.

Spacious living areas with sweeping urban views
Large master bedroom with walk in robe and ensuite
Secure single car garage
Impressive investment potential

Council Rates $1650 (approx p.a.)
Water Rates $1000 (approx p.a.)
Body Corporate $1700 (approx p.a.)
Rental Estimate: $390 - $420 per week (approx.)

* REIT New Town Units median sale price 2020 - 2022

Disclaimer: Every effort has been made to ensure the accuracy of the information contained here in.While there is no reason to doubt it's accuracy, guarantee can not be assured. The content is not intended as advice and such as can not be taken as absolute fact. Accordingly all interested parties should make their own enquiries to verify this information.

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Property History for 7/4 Hildern St, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$457,500
22 Mar 2024
Listed for Rent
$350/w
09 Nov 2019
  • 22 Mar 2024
    Sold for $457,500
  • 28 Nov 2022
    Sold for $428,000
  • 11 Nov 2022
    Listed for Sale Offers over $410,000
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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 3,098 properties. Over the last 5 years, Houses in New Town have seen a 26.14% increase in median value, while Units have seen a 32.49% increase. As at 31 August 2024:

  • The median value for Houses in New Town is $802,420 while the median value for Units is $517,885.
  • Houses have a median rent of $580 while Units have a median rent of $450.
There are currently 10 properties listed for sale, and 5 properties listed for rent in New town on OnTheHouse. According to CoreLogic's data, 90 properties were sold in the past 12 months in New town.

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