399 Elizabeth St, North Hobart is a 12 bedroom, bathroom Unit. The property has a land size of 934m2.
Huge Apartment Potential
This refurbished block of 12 large bedsits has been designed with the astute investor in mind. Set up for the short term accommodation market; all the hard work has been done. New windows, granite kitchens, carpets and quality tiles will make this an amazing place to live or rent out.
There is secure parking out the back to accommodate 14 cars. One unit has been designed as a disabled accessible unit and this entire apartment complex would command high rentals so close to the Hobart CBD and waterfront.
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:
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