OFF MARKET

79 Wellesley Street
South Hobart TAS 7004

Bedrooms: 2
Bathrooms: 3
Car spaces: 3
Floor area: 251m2
Land area: 862m2
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Property Details for 79 Wellesley St, South Hobart

79 Wellesley St, South Hobart is a 2 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1971. The property has a land size of 862m2 and floor size of 251m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
Unit
Year Built
1971
Floor Size
251m2
Land Size
862m2
Local Government
Hobart
Lot/Plan
2/62497

Last Listing description (September 2021)

Situated in the highly sought-after suburb South Hobart, is this grand proportioned, sunny, north facing family home eagerly awaits its next fortunate family to make their own; or for the astute purchaser looking for an extra income source.

Large double covered carport, big enough to fit the family's entourage of vehicles plus enough room for the boat
Substantial sandstone home with views of The River Derwent & Mount Wellington

An additional single garage with internal access
Expansive open plan living
Separately metered, fully self-contained unit under the home that holds great potential for a separate income or extended family
Modern kitchen and bathrooms
Loads of storage options
Timber sauna
Development potential on the lower level
NBN connected

Such a home in a location like this is a rarity in today's market. The aspect of the home allows for great views of South Hobart and Hobart CBD whilst collecting that precious winter sun, minimising winter heating costs. The highly flexible floor plan currently allows for multiple living options with great separation and that's not even including the self-contained unit. This is one of those homes that you need to see to understand its true potential, so please call to discuss further or to arrange an inspection.

Built: 1971
Council rates are $3,470 pa approx.
Water rates are $2,000 pa approx.

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 are advised to execute their own enquiries.

Property History for 79 Wellesley St, South Hobart, TAS 7004

A timeline of how this property has performed in the market
Last Sold
$1,285,000
14 Aug 2021
Listed for Rent
$195/w
12 Jan 2011
  • 14 Aug 2021
    Sold for $1,285,000
  • 12 Aug 2021
    Listed for Sale Offers Over $1,200,000
  • 16 Aug 2016
    Listed for Sale Not Disclosed
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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 2,660 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 10 properties listed for sale, and 1 property listed for rent in South hobart on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in South hobart.

Suburb Insights for South Hobart 7004

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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.