Exceptional views up and down the River Derwent situated directly opposite MONA with great views of Mt Wellington in the most sought after area in Otago bay. Land size 10,220m2
The property only 20 minutes from Hobart CBD is Sandstone constructed building (363m2) on two levels the upper level has open plan main living including a spacious blackwood kitchen, the master bedroom a second bedroom, huge bathroom and study or third bedroom . Downstairs you have two bedrooms, rumpus room, study or bedroom, laundry and two big double garages auto doors with internal access on either side of the home.
The home location and design lends itself to a very functional BNB. Electronic gates.
The size of Otago is approximately 5.4 square kilometres. It has 2 parks covering nearly 52.9% of total area. The population of Otago in 2011 was 556 people. By 2016 the population was 570 showing a population growth of 2.5% in the area during that time. The predominant age group in Otago is 50-59 years. Households in Otago are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Otago work in a professional occupation. In 2011, 95.3% of the homes in Otago were owner-occupied compared with 92.5% in 2016.
Otago has 272 properties. Over the last 5 years, Houses in Otago have seen a 6.69% increase in median value. As at 31 October 2024:
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