OFF MARKET

5 Commercial Road
North Hobart TAS 7000

Bedrooms: 7
Bathrooms: 1
Car spaces: 4
Floor area: 272m2
Land area: 630m2
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Property Details for 5 Commercial Rd, North Hobart

5 Commercial Rd, North Hobart is a 7 bedroom, 1 bathroom House with 4 parking spaces and was built in 1880. The property has a land size of 630m2 and floor size of 272m2. While the property is not currently for sale or for rent, it was last sold in March 2011.

Building Type
House
Year Built
1880
Floor Size
272m2
Land Size
630m2
Local Government
Hobart
Lot/Plan
1/32419

Last Listing description (March 2018)

An opportunity is available to purchase this large property for a range of different purposes STCA.
There are seven bedrooms with an eat in kitchen plus ducted gas heating throughout.
The lounge room is currently located on the top level and the floor plan is flexible.

Currently the property is a class 1A (normal) residence but has been used for multiple tenancies. Some building and plumbing works have been undertaken to accommodate the tenants.
This would have converted the property to a class 1B residence (multiple use) suitable to accommodate multiple tenants, however the building and plumbing works have not been completed.
A builders quote is available to complete the works. All council permits are available for interested persons.
This property is in a highly sought after location in North Hobart, close to buses, a huge range of shops, cafes and services and features plenty of off street parking.
Call today for an inspection!

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Property History for 5 Commercial Rd, North Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$625,000
08 Mar 2011
  • 10 Jan 2018
    Listed for Sale Expressions of Interest
  • 08 Mar 2011
    Sold for $625,000
  • 24 Dec 2010
    Listed for Sale OFFERS OVER $680,000
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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 1,586 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.
There are currently 8 properties listed for sale, and 4 properties listed for rent in North hobart on OnTheHouse. According to CoreLogic's data, 59 properties were sold in the past 12 months in North hobart.

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