128A Augusta Road, Lenah Valley, TAS 7008 | House for sale | OnTheHouse
 
FOR SALE
Offers over $2.1 million

128a Augusta Road
Lenah Valley TAS 7008

Bedrooms: 14
Bathrooms: 5
Car spaces: 3
Floor area: 684m2
Land area: 1019m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Outstanding investment opportunity - 10 year lease

Elders is pleased to present an outstanding investment opportunity to the market comprising 128a Augusta Road and 2 Haig Street, Lenah Valley. These two properties are available for purchase individually or as a combined portfolio and will be sold subject to a secure 10-year leaseback to Hobart City Mission.
Purpose-built and redeveloped to meet accessibility requirements, both properties are utilised for supported independent living, featuring level access, lifts, handrails, wide doorways, and fully accessible amenities.
* Situated in the highly sought-after residential suburb of Lenah Valley, 4* km north-west of Hobart CBD.
* Exceptional convenience, just 100* metres from Lenah Valley's village precinct, offering a range of local amenities including grocery store, pharmacy, newsagent, bakery, cafés, and service station.
* Secure 10-year leaseback to Hobart City Mission, commencing at $60,000 pa per property with annual rent increases to the greater of 3% or CPI.
* Set and forget, low-maintenance investment – tenant responsible for all outgoings
* Hobart City Mission is a well-established charitable organisation, serving Tasmania since 1852.
* 128a Augusta Road contains 6 bedrooms and 3 bathrooms with a building area of 230 sqm* whilst 2 Haig Street has 8 bedrooms 2 bathrooms plus a powder room and has a building area of 264 sqm*.

Property Details for 128a Augusta Rd, Lenah Valley

128a Augusta Rd, Lenah Valley is a 14 bedroom, 5 bathroom House with 3 parking spaces. The property has a land size of 1019m2 and floor size of 684m2. The place is currently for sale with Elders Tasmania.

Building Type
House
Floor Size
684m2
Land Size
1019m2
Commute Calculator

About Lenah Valley 7008

The size of Lenah Valley is approximately 8.4 square kilometres. There are 10 parks, covering nearly 3.3% of the total area. The population of Lenah Valley in 2016 was 5940 people. By 2021 the population was 6522 showing a population growth of 9.8% in the area during that time. The predominant age group in Lenah Valley is 30-39 years. Households in Lenah Valley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lenah Valley work in a professional occupation.In 2021, 72.50% of the homes in Lenah Valley were owner-occupied compared with 74.00% in 2016.

Lenah Valley has 3,127 properties. Over the last 5 years, Houses in Lenah Valley have seen a 15.60% increase in median value, while Units have seen a 12.17% increase. As at 31 May 2026:

  • The median value for Houses in Lenah Valley is $826,836 while the median value for Units is $548,693.
  • Houses have a median rent of $660 while Units have a median rent of $520.
There are currently 12 properties listed for sale, and 2 properties listed for rent in Lenah valley on OnTheHouse. According to Cotality's data, 120 properties were sold in the past 12 months in Lenah valley.

Lenah Valley Profile Page

Suburb Insights for Lenah Valley 7008

Visit Lenah Valley profile page
Market Insights
Lenah Valley Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Lenah Valley Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Lenah Valley profile page
Contact agent
agent headshot
Todd Stevenson
Show contact details
Call agent
Elders Tasmania
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED