3/104 King StreetSandy Bay TAS 7005
Property Details for 3/104 King St, Sandy Bay
3/104 King St, Sandy Bay is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1974. The property has a land size of 95m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 2 bedroom Unit sold in Sandy Bay in the last 12 months.
Last Listing description (April 2024)
Conveniently located in the heart of Sandy Bay, this ground floor level access apartment offers spacious living (107m2), outside space and the perfect opportunity for those seeking a low maintenance city base, or secure investment property within minutes of the University and Hobart CBD. With the median 2 bedroom unit price (Nov 22 - Oct 23, realestate.com.au) in Sandy Bay at $630,000, this unit represents outstanding value.
The key stand outs would have to be the level access, over 100m2 space, privately tucked away, no body corporate and not having too many others around you. Walking out the front door and around the street in all level - a bit of a rarity at present and a great attribute to have.
Conveniently benefitting from level access, the home offers a neatly presented kitchen with ample storage space and flows seamlessly through to the generous open living and dining area, featuring large windows for light to stream in and an electric heater to ensure warmth and comfort all year around. You may also have the ability to do some gardening and add to the current roses and lemon tree outside the unit and the bonus of 26m2 outside. The unit awaits the next owner to make their mark and turn it into their own.
Both bedrooms are surprisingly spacious and offer built in robes, as well as easy access to the functional bathroom, which is complete with a shower over bath, vanity and toilet, along with a laundry space and external access for added convenience. There are day/nigh roller blinds throughout.
Add to all of this ample off street parking and all within a short walk to the University, Marieville Esplanade, Salamanca and the Hobart CBD, this low maintenance apartment is sure to tick many boxes for home owners and investors alike.
About Sandy Bay:
Sandy Bay is regarded as one of Tasmania's most premiere suburbs with easy access to Hobart's CBD and world-famous Salamanca, it is home to Nutgrove Beach, Wrest Point Casino and great local shopping, trendy cafes and excellent schools.
About Hobart:
Some analysts including KPMG and PropTrack are forecasting property growth in Hobart into 2024 at around 6% and followed by around 15% in 2025. Propertology recently reported 'those who are able to sign a real estate contract in the next couple of months will become the biggest beneficiaries from the surge in market activity in Q1 2024.'
The estimated investment of planned Tasmanian Government, local government and known private sector projects is more than $27 billion over the next decade (source: Department of State Growth Tasmania).
Council Rates: $1,400 per annum approx.
Body Corporate Fees: Nil
Rental appraisal: Vicinity of $480-$540 p/w
Strata Insurance: $600 per annum approx.
Water: $840 per annum approx.
Year Built: 1974
Construction Type: Brick
Heating: Electric
* 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 3/104 King St, Sandy Bay, TAS 7005
- 25 Nov 2023Sold for $530,000
- 15 Nov 2023Listed for Sale Not Disclosed
- 27 Feb 2018Sold for $437,500
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0About 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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