OFF MARKET

7/7A Worley Street
North Hobart TAS 7000

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 409m2
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Property Details for 7/7a Worley St, North Hobart

7/7a Worley St, North Hobart is a 4 bedroom, 2 bathroom House. The property has a land size of 409m2.

Building Type
House
Land Size
409m2
Local Government
Hobart

Last Listing description (June 2024)

This fabulous investment opportunity boasts two dwellings on one title, each with reliable tenants in place, making it a lucrative investment or an ideal option for those with extended family members or looking to reside in one and rent out the other.

The original cottage, built in 1910, exudes charm with original features including high ceilings and large skirting boards. A functional floor plan offers a spacious living room which flows effortlessly from the eat-in kitchen, three generously sized bedrooms, an upgraded bathroom and laundry and separate WC.

7a Worley Street offers a modern contrast, built in 2022. Its contemporary design features an open plan living, dining, and kitchen with polished concrete floor and stylish Tasmanian Oak accents. The well-equipped kitchen, bedroom with built-in wardrobes, and internal courtyard offer comfortable and convenient living and a spacious and sleek bathroom with matte black and timber accents and a large walk-in shower, adds a touch of luxury.

Entertain effortlessly in the covered outdoor courtyard, accessible through double glazed sliding doors from the living area.

Conveniently located within easy walking distance to North Hobart's vibrant strip of wonderful eateries and entertainment this wonderful offering also has shared off-street parking for up to 5 cars. Experience the best of urban living with minimal maintenance at this prime North Hobart location.

- Current lease (7 Worley Street) : $470 p/w (expires 26/8/2024)
- Current lease (7a Worley Street) : $460 p/w (expires 27/7/2025)
- Heating: 2 x reverse cycle air conditioner, electric underfloor heating
- Annual council rates: $3,024
- Annual water rates: $2,228

Property History for 7/7a Worley St, North Hobart, TAS 7000

A timeline of how this property has performed in the market
  • 27 Apr 2024
    Listed for Sale Offers over $995,000

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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.

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.