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Sold on 30 Oct 2024 for $1,200,000

2/429 Macquarie Street
South Hobart TAS 7004

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 508m2
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Petrusma Property - Sandy Bay
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Property Details for 2/429 Macquarie St, South Hobart

2/429 Macquarie St, South Hobart is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 508m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 4 bedroom House sold in South Hobart in the last 12 months.

Building Type
House
Land Size
508m2
Local Government
Hobart

Last Listing description (October 2024)

Presenting a rare opportunity in the highly sought-after suburb of South Hobart, this solid brick house, built in 1941, offers both charm and investment success. Perfectly located just a 10-minute walk from Hobart's CBD, this property comprises of two separate, 2/3 bedroom units, each with its own meter, making it an ideal investment for rental income or a family home with guest accommodation.

Key Features:

- Prime Location: Enjoy the convenience of city living while basking in the tranquillity of South Hobart. With just a short stroll to Hobart's CBD, you have easy access to dining, shopping, entertainment, and public transport.

- Solid Brick Construction: Built in 1941, this property stands as a testament to quality craftsmanship, offering durability and timeless appeal.
- Dual Living: Two fully self-contained, two-bedroom units provide flexibility and potential for dual income streams. Each unit is separately metered, ensuring ease of management.
- Proximity to Amenities: Benefit from the close proximity to local amenities, including top-rated schools, parks, and healthcare facilities.
- Outdoor Enthusiast's Paradise: Nestled near the Wellington Ranges, residents can explore endless walking and bike tracks, embracing an active lifestyle in a breathtaking natural setting.

Why South Hobart?

South Hobart is a vibrant community known for its heritage charm and modern conveniences. With a rich cultural scene, excellent cafes, and welcoming community, it's no wonder this suburb is one of Hobart's most desirable locations. The proximity to the Hobart Rivulet Track and Cascade Gardens makes it perfect for those who love outdoor adventures.

Don't Miss Out!

This property is more than just a home; it's an opportunity. Whether you're an investor seeking reliable returns or a homeowner looking for a versatile living arrangement, this solid brick house in South Hobart is a must-see.
Contact us today to arrange a viewing and take the first step towards owning this exceptional property. Opportunities like this are rare, so act quickly to secure your piece of South Hobart's charm!

Construction: Brick
Council Rates: Approx. $3600 pa
Water Rates: Approx. $1427 pa
Rental Rates: Approx. $600 p/w per unit
Unit 1 is tenanted until the 21/7/24 for $600 per week

Petrusma Property has obtained the information on this property from what we believe are reliable sources and have no reason to doubt its accuracy however we cannot guarantee its exactness. Prospective Purchasers and the current Vendor(s) are advised to execute their own enquiries regarding the marketing material advertised or provided by Petrusma Property.

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Property History for 2/429 Macquarie St, South Hobart, TAS 7004

A timeline of how this property has performed in the market
Last Sold
$1,200,000
30 Oct 2024
  • 30 Oct 2024
    Sold for $1,200,000
  • 12 Jul 2024
    Listed for Sale Offers Over $1.2 Million

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About South Hobart 7004

The size of South Hobart is approximately 9.2 square kilometres. It has 7 parks covering nearly 9% of total area. The population of South Hobart in 2011 was 5,077 people. By 2016 the population was 5,316 showing a population growth of 4.7% in the area during that time. The predominant age group in South Hobart is 20-29 years. Households in South Hobart are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in South Hobart work in a professional occupation. In 2011, 62.4% of the homes in South Hobart were owner-occupied compared with 63.4% in 2016.

South Hobart has 2,659 properties. Over the last 5 years, Houses in South Hobart have seen a 30.64% increase in median value, while Units have seen a 19.83% increase. As at 31 October 2024:

  • The median value for Houses in South Hobart is $861,087 while the median value for Units is $529,207.
  • Houses have a median rent of $550 while Units have a median rent of $493.
There are currently 8 properties listed for sale, and 1 property listed for rent in South hobart on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in South hobart.

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