12/8 Margaret StreetSandy Bay TAS 7005
Property Details for 12/8 Margaret St, Sandy Bay
12/8 Margaret St, Sandy Bay is a 1 bedroom, 1 bathroom Unit and was built in 1975. The property has a land size of 38m2 and floor size of 27m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (May 2024)
Positioned on the top floor of this 1970's era apartment building, TheBae is an award-winning example of small space living. The modest footprint has been cleverly designed to maximise every possible square-metre available, and a has finished-build quality of the highest standards.
Completed in 2018 the property features a light birch plywood-clad interior, with vaulted ceiling and skylights that wash the apartment in year-round natural light, as well as double glazed timber windows that frame the water views whilst providing warmth in winter and protection from summer sun.
On the rear wall of the home, large bi-fold doors open to reveal a full kitchen with bespoke cement sheet surfaces and Australian-made brass tapware. Behind a second substantial door you will find the striking bathroom, clad in deep-red tiles giving a nod to the 1970's heritage of the building.
Throughout the apartment are a selection of carefully curated fixtures and fittings, such as the matt black ceramic basin by local artist Lindsey Wherrett, the mid-century light by Bernard Schottlander and the custom built daybed by Andrew Otto.
Situated next to the picturesque Marieville Esplanade, the apartment captures stunning water views of the river-Derwent and is only a short walk from the Hobart CBD, Battery Point, and Salamanca Place.
The apartment is currently utilised as short-term accommodation with a highly profitable track record and whilst it would suit a myriad of different buyers, lends itself to continuing operation as short-term accommodation, a stunning pied-a-terre in a sort after location.
AWARDS:
- 2019 National Architecture Awards: Interior Architecture Award
- 2019 Tasmanian Architecture Awards: Residential Architecture - Houses (Alterations and Additions) The Edith Emery Award
- 2019 HOUSES AWARDS: Winner, Apartment or Unit
Property History for 12/8 Margaret St, Sandy Bay, TAS 7005
- 03 Oct 2023Sold for $410,000
- 14 Jul 2023Listed for Sale Offers over $395,000
- 20 Jan 2017Sold for $220,000
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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 5,842 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.
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