SOLD
Sold on 21 May 2024 for $1,500,000

55 Red Chapel Avenue
Sandy Bay TAS 7005

Bedrooms: 6
Bathrooms: 3
Car spaces: 2
Floor area: 268m2
Land area: 603m2
Sold By
Jo Brownless
Fall Real Estate
Kelly
Fall Real Estate
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Property Details for 55 Red Chapel Ave, Sandy Bay

55 Red Chapel Ave, Sandy Bay is a 6 bedroom, 3 bathroom House with 2 parking spaces and was built in 1954. The property has a land size of 603m2 and floor size of 268m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 6 bedroom House sold in Sandy Bay in the last 12 months.

Building Type
House
Year Built
1954
Floor Size
268m2
Land Size
603m2
Local Government
Hobart
Lot/Plan
2/36529

Last Listing description (July 2024)

Boasting stunning views, a fabulous location, and impressive flexibility 55 Red Chapel Avenue is a unique property that offers scope, diversity, and loads of space. Currently utilised as a successful Airbnb the property offers up to 5 bedrooms and a study in the main house together with a fully self-contained separate 1-bedroom unit. A very enticing opportunity for buyers looking for a large family home with the advantage of extra separate accommodation for an extended family or a home and an income generation option.

From the elevated position the panoramic vistas across the Derwent River to the Hobart CBD and across the Eastern Shore is an ever-changing view that no one would tire of admiring. Open plan, spacious, and contemporary the living, dining, and kitchen enjoy plentiful sunlight and space for the whole family to enjoy. The kitchen has custom cabinetry, ample workspace, and granite benchtops with quality stainless steel appliances. Sliding doors from the living area lead to the tiled deck perfect for alfresco dining and entertaining.

There are four bedrooms on the upper level all with built-in robes and two central bathrooms one complete with a bathtub. There are two bedrooms that have the flexibility to be additional living spaces or formal lounge/dining areas. The lower level has another generous bedroom with a study/office adjacent and a large storage room (home theatre option) and a double garage.

The self-contained one-bedroom unit is a great extension for extended family and is very separate from the main house providing the ideal income generator.

The grounds are fully landscaped and low maintenance. There is a private, undercover entertainment patio at the back of the property with a louver roof and secure grounds for the children and furry friends to enjoy. Recently installed 9.8kw solar panels and gas hot water provide great cost savings.

Red Chapel Avenue is a much-loved address in the sought-after suburb of Sandy Bay offering a beachside lifestyle all within 5kms to the Hobart CBD. Great schools, shops, and recreational facilities are close at hand with the Sandy Bay shopping hub and a host of amenities but a short commute away. The property will be appealing to a wide range of purchasers looking for a home with great flexibility and ample accommodation or investors looking to add to the portfolio with dual income potential.

Council rates approx $4195pa
Water rates approx $1200pa + usage
Rental appraisal house $880 - $910pw
Rental appraisal 1 bed unit $320 - $340pw

*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 55 Red Chapel Ave, Sandy Bay, TAS 7005

A timeline of how this property has performed in the market
Last Sold
$1,500,000
21 May 2024
Listed for Rent
$335/w
03 Sep 2021
  • 21 May 2024
    Sold for $1,500,000
  • 01 May 2024
    Listed for Sale $1,500,000 + range
  • 12 Jul 2021
    Listed for Rent $870 / 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 5,842 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.
There are currently 27 properties listed for sale, and 16 properties listed for rent in Sandy bay on OnTheHouse. According to CoreLogic's data, 185 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.