12-14A Newdegate StreetNorth Hobart TAS 7000
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.
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
- 21 Jun 2024Sold for $1,560,000
- 03 Jun 2024Listed for Sale Offers over $1,600,000
- 09 Jan 2023Listed for Rent $550 / week
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0About 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 1,586 properties. Over the last 5 years, Houses in North Hobart have seen a 29.51% increase in median value, while Units have seen a 44.44% increase. As at 31 October 2024:
- The median value for Houses in North Hobart is $921,678 while the median value for Units is $748,376.
- Houses have a median rent of $565 while Units have a median rent of $498.
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