OFF MARKET

342 Argyle Street
North Hobart TAS 7000

Bedrooms: 4
Bathrooms: 3
Car spaces: 1
Floor area: 275m2
Land area: 348m2
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Last updated 16 Sep 2024
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Property Details for 342 Argyle St, North Hobart

342 Argyle St, North Hobart is a 4 bedroom, 3 bathroom House with 1 parking spaces and was built in 1905. The property has a land size of 348m2 and floor size of 275m2. While the property is not currently for sale or for rent, it was last sold in March 2022.

Building Type
House
Year Built
1905
Floor Size
275m2
Land Size
348m2
Local Government
Hobart
Lot/Plan
2/149083

Last Listing description (April 2022)

Steeped in rich history, this iconic corner building dates back to the early 1900s and is a landmark on Argyle Street. Completely renovated and lovingly restored to the highest standards in 2018, 342 Argyle has been transformed into a multiple income stream investment.

Within the charm of North Hobart's heritage district 342 Argyle is virtually a new building. Once a local green grocers and convenience store it now offers investment flexibility and security with a ground level commercial Asian restaurant / takeaway, upstairs north facing two-bedroom apartment and two studio apartments
.

All three stylish apartments have been stunningly renovated, complete with all modern touches and conveniences. Each with beautiful timber floors, striking window features, Spanish floor tiles, stylish kitchens, laundries and bathrooms. Three off street parking spaces complete the picture.

The spacious and sunny two bedroom has been used by current owners as their city residence and visitor accommodation with the two studios solidly booked; all three can easily be switched to longer term rentals in North Hobart's very tight market.

This is a premium property with a long-term lease and option in place for the ground level commercial and multiple options for the three apartments; rentals, visitor accommodation or use one as your home or city pad within 500m of the North Hobart entertainment strip.

With easy access to all Hobart has to offer, the CBD, historic waterfront and Salamanca plus much more and just a short walk from North Hobart's popular entertainment strip with its cafes, pubs, restaurants and the famous State Cinema.

A rare and exceptional opportunity within the tightly held North Hobart market.

NOTE: Viewing this Saturday, please enter via the Yardley Street entrance.

We have obtained all information in this document from sources we believe to be reliable however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 342 Argyle St, North Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$2,095,000
31 Mar 2022
Listed for Rent
16 Oct 2018
  • 31 Mar 2022
    Sold for $2,095,000
  • 28 Feb 2022
    Listed for Sale Expression of Interest - Closes March 21, 2022
  • 10 Sep 2018
    Listed for Rent $999,999 / year
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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 1,598 properties. Over the last 5 years, Houses in North Hobart have seen a 26.06% increase in median value, while Units have seen a 28.68% increase. As at 31 August 2024:

  • The median value for Houses in North Hobart is $908,682 while the median value for Units is $705,706.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 11 properties listed for sale, and 10 properties listed for rent in North hobart on OnTheHouse. According to CoreLogic's data, 63 properties were sold in the past 12 months in North hobart.

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