Here is an opportunity to buy the last available residential block on the top side of Hillcrest Road. High end, tastefully designed homes have been or are being built in this street in line with the rest of Tolmans Hill. Tolmans Hill is so conveniently located being only 5 or so minutes from the Hobart CBD with the advantage of having Proctors Road and Nelson Road for access to the University, popular schools and Sandy Bay but also as alternate routes if the Southern Outlet is backed up for some reason. This is a big advantage over other commuters from most areas south of Hobart.
Vacant blocks with water views and close to the CBD are becoming both scarce and expensive. Existing homes have been rising in value in recent years and building an attractive and functional home on a great site makes good economic sense.
This 1103sqm building block has native bush providing shelter from winds at the rear and views of bush and the beautiful Derwent River to the East. There are also spectacular distant views of Frederick Henry Bay and the Tasman Peninsula.
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:
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