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Sold on 21 Jun 2024 - Price Unavailable

12-14A Newdegate Street
North Hobart TAS 7000

Bedrooms: 6
Bathrooms: 3
Car spaces: -
Floor area: 246m2
Land area: 435m2
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Property Details for 12-14a Newdegate St, North Hobart

12-14a Newdegate St, North Hobart is a 6 bedroom, 3 bathroom BlockOfUnits and was built in 1880. The property has a land size of 435m2 and floor size of 246m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 6 bedroom BlockOfUnits sold in North Hobart in the last 12 months.

Building Type
BlockOfUnits
Year Built
1880
Floor Size
246m2
Land Size
435m2

Last Listing description (June 2024)

Situated in one of North Hobart's best streets in the vibrant food, wine, and cafe precinct, this substantial property comprises three, two-bedroom apartments that provide excellent holding income, and has been extensively renovated throughout.

The floorplan of each apartment comprises two spacious bedrooms, well-appointed kitchen, The property has undergone extensive renovations throughout, with the scope of works including new kitchens, bathrooms, floor coverings, air-conditioning units, plumbing, wiring, roof, and weatherboards. Each ground-floor apartment also benefits from level, fully fenced yards which are a premium offering in this inner-city setting.

Offering an attractive yield in a truly blue-ribbon location, the property currently returns $1,680 per week/$87,360 per annum, with a minimum of six months remaining on each lease. This brilliant inner-suburban setting is just a short walk from the popular state cinema, wine bars, pubs, restaurants, and cafes, as well as public transport routes and the Hobart CBD.

Property History for 12-14a Newdegate St, North Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
21 Jun 2024
Listed for Rent
$550/w
31 Jan 2023
  • 03 Jun 2024
    Listed for Sale Offers over $1,600,000
  • 09 Jan 2023
    Listed for Rent $550 / week
  • 15 Dec 2020
    Listed for Sale Expressions of Interest closing 5pm 22nd December

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About North Hobart 7000

The size of North Hobart is approximately 1 square kilometres. It has 3 parks covering nearly 5.6% of total area. The population of North Hobart in 2011 was 2,653 people. By 2016 the population was 2,511 showing a population decline of 5.4% in the area during that time. The predominant age group in North Hobart is 20-29 years. Households in North Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Hobart work in a professional occupation. In 2011, 45.1% of the homes in North Hobart were owner-occupied compared with 41.8% in 2016.

North Hobart has 1,593 properties. Over the last 5 years, Houses in North Hobart have seen a 25.71% increase in median value, while Units have seen a 35.85% increase. As at 30 November 2024:

  • The median value for Houses in North Hobart is $900,264 while the median value for Units is $739,577.
  • Houses have a median rent of $585 while Units have a median rent of $488.
There are currently 10 properties listed for sale, and 4 properties listed for rent in North hobart on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in North hobart.

Suburb Insights for North Hobart 7000

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Brad Stephens
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Elders Tasmania
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.