OFF MARKET

378-380 Argyle Street
North Hobart TAS 7000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 73m2
Land area: 614m2
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Property Details for 378-380 Argyle St, North Hobart

378-380 Argyle St, North Hobart is a 2 bedroom, 1 bathroom Unit and was built in 1915. The property has a land size of 614m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in May 2020.

Building Type
Unit
Year Built
1915
Floor Size
73m2
Land Size
614m2
Local Government
Hobart
Lot/Plan
0/182974

Last Listing description (June 2020)

An exciting and unique opportunity presents itself to secure a high yield investment in the prime location of North Hobart. Constructed in the early 1900s full of character and charm this property is currently separated into two townhouses set across one title offering a dual income stream. Enjoying an elevated position, each townhouse is split over two levels with the kitchen, dining, living and bathrooms downstairs and two generous bedrooms upstairs. Although a fantastic investment as is there is plenty of scope for the property to be renovated to increase the value.

Two townhouses across one title

Set on an allotment of 614m approx.
Ideal investment opportunity
High rental yield
Development potential (STCA)
Beautiful outlook over North Hobart Oval
Plenty of scope to upgrade and add value
Fantastic location in popular North Hobart
Each townhouse comprises of two generous bedrooms
Immaculately presented kitchens
Bathrooms with shower/bath combination
Close to schools, shops, right on public transport route
Separated fully fenced yards

No matter what your taste you are sure to find a cafe, restaurant or great pub to suit your needs on the North Hobart restaurant strip. Also home to the iconic State Cinema North Hobart which is a must see for locals and visitors alike!


Year Built: 1915
Construction: Weatherboard
Heating: Electric
Approx. Council Rates: $2,500 per annum
Approx. Water Charges: $1,400 per annum
Estimated Rental Return: $380 - $410 per townhouse
Total Estimated Rent Return: $760 - $820 per week

Property History for 378-380 Argyle St, North Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$700,001
14 May 2020
Listed for Rent
$300/w
01 Feb 2016
  • 14 May 2020
    Sold for $700,001
  • 01 May 2020
    Listed for Sale Offers over $590,000
  • 01 Feb 2016
    Listed for Rent - Price not available
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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.

Suburb Insights for North Hobart 7000

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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.