OFF MARKET

8/388 Park Street
New Town TAS 7008

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 72m2
Land area: 86m2
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Last updated 18 Nov 2024
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Property Details for 8/388 Park St, New Town

8/388 Park St, New Town is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1971. The property has a land size of 86m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
1971
Floor Size
72m2
Land Size
86m2
Local Government
Hobart
Lot/Plan
8/59454

Last Listing description (November 2024)

Number eight offers a quality apartment on the top level of the New Park Court complex, which captures all day sun and distant water and mountain views. This well cared for and presented living environment is spacious, well featured throughout and in a prime location, all of which makes a sound investment.

- Sited in a superb and sort suburb to access all ammenities and CBD
- North facing with views of Mt Wellington and Cornelian Bay

- Open living room and adjoining kitchen with good cabinetry and fridge
- The sleeping quarters offers two good size rooms, one with built-in-robe
- Combined bathroom and laundry with shower, vanity and washing machine
- Separate lavatory, linen cupboard in hall and NBN available
- Single vehicle covered carport and shared storage within building
- Stairwell to second level accesses this neat apartment
- Convenient carwash area and visitor parking on premises
- The property is vacant and makes part of eight within this peaceful complex

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Property History for 8/388 Park St, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$432,500
01 Sep 2023
Listed for Rent
$385/w
08 Jun 2023
  • 01 Sep 2023
    Sold for $432,500
  • 23 Jun 2023
    Listed for Sale Offers $440,000+
  • 05 Jun 2023
    Listed for Rent $385 / week
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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 3,093 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.
There are currently 16 properties listed for sale, and 6 properties listed for rent in New town on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in New town.

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