SOLD
Sold on 13 Sep 2024 for $1,350,000

1 Lambert Avenue
Sandy Bay TAS 7005

Bedrooms: 6
Bathrooms: 4
Car spaces: -
Floor area: 227m2
Land area: 673m2
Sold By
Fall Real Estate
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Property Details for 1 Lambert Ave, Sandy Bay

1 Lambert Ave, Sandy Bay is a 6 bedroom, 4 bathroom Unit and was built in 1915. The property has a land size of 673m2 and floor size of 227m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 6 bedroom Unit sold in Sandy Bay in the last 12 months.

Building Type
Unit
Year Built
1915
Floor Size
227m2
Land Size
673m2
Local Government
Hobart
Lot/Plan
1/61371

Last Listing description (October 2024)

Nestled in an elegant and peaceful cul-de-sac is a unique opportunity to obtain a gorgeous period home in the ever popular suburb of Sandy Bay. Offering an extremely versatile floor plan this property already has a solid 3 way income and potential for so much more depending only on your design inspiration!

Original character features enhance the overall appeal of 1 Lambert Ave with high ceilings, leadlight feature windows and doors, beautiful bay windows and elaborate fretwork inside & out. The property also offers dual driveways, carport, new roofing, plenty of off street parking and all only 1 km from the heart of Sandy Bay.

Unit 1

- Newly renovated modern kitchen
- 1 large bedroom with leafy views
- Living room could double as second bedroom
- Bathroom with separate toilet
- Rental income is $320 per week
- Tenanted until 1st September 2024

Unit 2
- Ample full kitchen
- 1 very large bedroom with bay window
- Bathroom with separate toilet
- Rental income of $330 per week
- Tenanted until Novermber 2024

Main house or Unit 3 (Upstairs)
- Modern full kitchen with laundry fittings
- Beautifully polished wooden floors in dining room with plenty of storage
- Sunny and spacious loungeroom
- 3 extremely generous bedrooms the main offering ensuite and beautiful bay windows with lovely leafy views
- Newly renovated main bathroom
- Rental income $500 p/w
- Tenanted until May 2025

This fantastic property gives you so much versatility. Whether it's a home with extended family, a home with extra income avenues or an investment this is guaranteed to tick a few boxes.

Potential for a strata dwelling to be constructed at the rear of the property STCA.

For more information please call us at any time as we are more than happy to assist in any way we can!

*The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

Property History for 1 Lambert Ave, Sandy Bay, TAS 7005

A timeline of how this property has performed in the market
Last Sold
$1,350,000
13 Sep 2024
Listed for Rent
$320/w
24 Aug 2023
  • 13 Sep 2024
    Sold for $1,350,000
  • 31 Jan 2024
    Listed for Sale Offers over $1.45 Million
  • 19 Jul 2023
    Listed for Rent $320 / week
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About Sandy Bay 7005

The size of Sandy Bay is approximately 6.9 square kilometres. It has 14 parks covering nearly 23% of total area. The population of Sandy Bay in 2011 was 11,156 people. By 2016 the population was 11,925 showing a population growth of 6.9% in the area during that time. The predominant age group in Sandy Bay is 20-29 years. Households in Sandy Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sandy Bay work in a professional occupation. In 2011, 63.1% of the homes in Sandy Bay were owner-occupied compared with 61.5% in 2016.

Sandy Bay has 5,841 properties. Over the last 5 years, Houses in Sandy Bay have seen a 37.00% increase in median value, while Units have seen a 19.52% increase. As at 31 October 2024:

  • The median value for Houses in Sandy Bay is $1,320,252 while the median value for Units is $648,147.
  • Houses have a median rent of $620 while Units have a median rent of $495.
There are currently 27 properties listed for sale, and 16 properties listed for rent in Sandy bay on OnTheHouse. According to CoreLogic's data, 184 properties were sold in the past 12 months in Sandy bay.

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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.