SOLD
RECENT ADVICE
Sold on 04 Dec 2024 for $305,000

5/60 Regent Street
Sandy Bay TAS 7005

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 35m2
Land area: 32m2
Sold By
Petrusma Property Sandy Bay
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Property Details for 5/60 Regent St, Sandy Bay

5/60 Regent St, Sandy Bay is a 1 bedroom, 1 bathroom Unit and was built in 1968. The property has a land size of 32m2 and floor size of 35m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 1 bedroom Unit sold in Sandy Bay in the last 12 months.

Building Type
Unit
Year Built
1968
Floor Size
35m2
Land Size
32m2
Local Government
Hobart
Lot/Plan
5/59504

Last Listing description (December 2024)

Conveniently positioned just moments from everything that Sandy Bay has to offer, this affordable unit presents as an ideal low maintenance opportunity for first home buyers or investors. Set back from the road for added privacy, this property is the perfect blend of peace and proximity. An affordable option in what is well known as one of Hobarts best locations!

The property is a studio style unit with an open plan lounge and bedroom space. Large windows and a balcony are perfectly orientated to benefit from a northerly aspect and flood the inside with natural light. A well-equipped kitchen boasts wooden cabinetry and lots of storage space. The property has been freshly painted and comes complete with new carpet and flooring throughout. This makes spending time inside both pleasant and enjoyable; and offers an enticing move-in ready opportunity at an affordable price.

This low maintenance studio is located in a highly sought after Sandy Bay location and is close to shops, transport, and services. If you still require a car, there is plenty of shared off street parking on common property. Properties like this are highly sought after rentals and this studio has been consistently rented by the present owner for the last 40 years. An ideal low maintenance 'set and forget' investment that is sure to be popular!

- Freshly painted.
- New carpet and flooring throughout.
- Set back from the road for added privacy.
- Regular bus service at your door.
- Shared off street parking.
- Rental assessment: $350 - $400p/w approx.
- Body Corporate: $1813pa approx.
- Council Rates: $1287pa approx.
- Turn key property in a blue chip suburb!

Property History for 5/60 Regent St, Sandy Bay, TAS 7005

A timeline of how this property has performed in the market
Last Sold
$305,000
04 Dec 2024
Listed for Rent
$290/w
20 Jan 2021
  • 04 Dec 2024
    Sold for $305,000
  • 30 Sep 2024
    Listed for Sale $295,000 - $335,000
  • 11 Jan 2021
    Listed for Rent $290 / 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 5,856 properties. Over the last 5 years, Houses in Sandy Bay have seen a 28.24% increase in median value, while Units have seen a 12.81% increase. As at 30 November 2024:

  • The median value for Houses in Sandy Bay is $1,266,850 while the median value for Units is $629,368.
  • Houses have a median rent of $620 while Units have a median rent of $500.
There are currently 25 properties listed for sale, and 13 properties listed for rent in Sandy bay on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Sandy bay.

Suburb Insights for Sandy Bay 7005

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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.