OFF MARKET

94 Forest Road
West Hobart TAS 7000

Bedrooms: 6
Bathrooms: 3
Car spaces: 7
Floor area: 230m2
Land area: 641m2
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Last updated 11 Nov 2024
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Property Details for 94 Forest Rd, West Hobart

94 Forest Rd, West Hobart is a 6 bedroom, 3 bathroom House with 7 parking spaces and was built in 1910. The property has a land size of 641m2 and floor size of 230m2. While the property is not currently for sale or for rent, it was last sold in February 2015.

Building Type
House
Year Built
1910
Floor Size
230m2
Land Size
641m2
Local Government
Hobart
Lot/Plan
1/18039

Last Listing description (March 2024)

With expansive views overlooking the picturesque Derwent River and Wrest Point Casino this 1910 built character home has charm and elegance comprising 3 separate apartments.

The property will appeal to astute investors or anyone looking to live in one while benefiting from the excellent rental returns of the 2 other apartments.

The largest apartment is impressive spanning over 2 levels featuring an open-plan living zone with a contemporary electric glow heater, 4 bedrooms (2 with built-ins), 2 x studies, a light-filled north-facing sunroom, and a main bathroom. The city views are captivating and especially magical once the sun has set.

There is an outdoor paved alfresco courtyard perfect for entertaining or a lovely area to enjoy your morning coffee. There is huge potential to add your own flair and is ready for you to move into to embrace a chic inner-city lifestyle.

Each apartment has its own unique appeal. The first (apartment 2) features open-plan living with a combined bathroom and laundry, a separate toilet, and a wonderful cityscape vista. The second (apartment 3) has magnificent city and river views, an entertaining deck, open-plan living, a bedroom with a convenient ensuite, plus a separate laundry.

There is ample parking for all residents and guests, each apartment has its own private entrance, there is NBN direct to each dwelling and the current total rental return is $1,600 per week.

Property Features

Apartment 1 – Open plan living, 4 bedrooms, 1 bathroom, 2 x studies, sunroom, laundry - Current lease at $530 per week.

Apartment 2 – Open plan living, bedroom, bathroom/laundry, separate toilet - current lease at $510 per week.

Apartment 3 – Open plan living, bedroom, ensuite, laundry - current lease at $410 per week.

Hobart City Council Rates - $5000 per annum (approximately)
Tas Water Rates - $3,200 per annum (approximately)

This property is positioned in one of West Hobart's most iconic streets known for its glorious tree-scaping and views. The location is in convenient walking proximity to the CBD, restaurants, caf&aecute;s, services, gyms, transport, and walking tracks that will be appealing to potential tenants or short-stay guests alike.

Fully tenanted, this property returns above average rental; so don't delay in contacting Alison Rogers to schedule your private inspection.

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 94 Forest Rd, West Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$560,000
03 Feb 2015
Listed for Rent
$700/w
17 Apr 2023
  • 17 Mar 2023
    Listed for Rent $700 / week
  • 24 Apr 2019
    Listed for Sale Expressions Of Interest
  • 03 Feb 2015
    Sold for $560,000

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About West Hobart 7000

The size of West Hobart is approximately 3.9 square kilometres. It has 8 parks covering nearly 35.4% of total area. The population of West Hobart in 2011 was 5,800 people. By 2016 the population was 5,978 showing a population growth of 3.1% in the area during that time. The predominant age group in West Hobart is 40-49 years. Households in West Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Hobart work in a professional occupation. In 2011, 61.5% of the homes in West Hobart were owner-occupied compared with 62.3% in 2016.

West Hobart has 2,944 properties. Over the last 5 years, Houses in West Hobart have seen a 26.39% increase in median value, while Units have seen a 19.05% increase. As at 31 October 2024:

  • The median value for Houses in West Hobart is $917,514 while the median value for Units is $630,346.
  • Houses have a median rent of $593 while Units have a median rent of $470.
There are currently 14 properties listed for sale, and 1 property listed for rent in West hobart on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in West hobart.

Suburb Insights for West Hobart 7000

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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.