27 Hillcrest RoadTolmans Hill TAS 7007
Property Details for 27 Hillcrest Rd, Tolmans Hill
Last Listing description (January 2023)
Offering breathtaking vistas across the suburb, stretching out across the River Derwent and beyond sits an expansive 800 sqm allotment in the tightly held suburb of Tolmans Hill, nestled within serene, bushland surrounds.
Occupying a coveted position, this sought-after prime parcel of land is the perfect blank canvas to create and construct a dream family home with sensational views and endless sunshine. The near-level block is a rare find within this desirable, elevated neighbourhood.
At a cost of $15,000, plans have been drafted to build a four-bedroom, two-bathroom home, with 250 sqm of floor area, along with a two-car garage. These plans can be included in the sale and are ready for submission to council. The estimated cost of development for this home, including landscaping, is somewhere between $780,000 and $850,000. A soil report, of $3,500, has also been undertaken and can be provided to prospective purchasers.
The generous block sits at the base of a quiet cul-de-sac within the envied suburb, allowing for seclusion and privacy from neighbouring properties. The idyllic setting, combined with picturesque panoramas stretching as far as the eye can see, provides a peaceful environment.
Offering a rare opportunity, with residential land within such close proximity to Hobart's CBD becoming increasingly valuable, this sizable block of land provides endless potential to create a home surrounded by affluent new properties in a highly desired locale.
Property History for 27 Hillcrest Rd, Tolmans Hill, TAS 7007
- 24 Dec 2022Sold for $480,000
- 27 Oct 2022Listed for Sale $475,000+ price range
- 21 Oct 2021Sold for $450,000
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About Tolmans Hill 7007
The size of Tolmans Hill is approximately 1.3 square kilometres. It has 2 parks covering nearly 26.5% of total area. The population of Tolmans Hill in 2011 was 490 people. By 2016 the population was 581 showing a population growth of 18.6% in the area during that time. The predominant age group in Tolmans Hill is 10-19 years. Households in Tolmans Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tolmans Hill work in a professional occupation. In 2011, 84.8% of the homes in Tolmans Hill were owner-occupied compared with 88.9% in 2016.
Tolmans Hill has 272 properties. Over the last 5 years, Houses in Tolmans Hill have seen a 35.28% increase in median value, while Units have seen a 19.69% increase. As at 31 October 2024:
- The median value for Houses in Tolmans Hill is $1,083,138 while the median value for Units is $767,682.
- Houses have a median rent of $568.
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