29 Penna Road, Midway Point, TAS 7171 sold on 20 April 2026 | OnTheHouse
SOLD
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Sold on 20 Apr 2026 for $424,000

29 Penna Road
Midway Point TAS 7171

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 78m2
Land area: 542m2
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Property Details for 29 Penna Rd, Midway Point

29 Penna Rd, Midway Point is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 542m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 2 bedroom House sold in Midway Point in the last 12 months.

Building Type
House
Year Built
1970
Floor Size
78m2
Land Size
542m2

Last Listing description (April 2026)

Set in a well-established and highly convenient pocket of Midway Point, this is a property that will immediately appeal to those looking for their next project. Whether you are considering a full renovation, extension, or a complete knock-down and rebuild (STCA), the value here is in the position and the potential it offers.

The existing home is very much in original condition and requires significant work throughout. From the exterior through to the kitchen, bathroom and living spaces, buyers should come prepared with a clear vision and an appetite to transform. For those with the right mindset, this is an opportunity to create something entirely your own, tailored to modern living standards.

Positioned just moments from local shops, schools, transport and the waterfront, the location is where this property truly shines. With level land and a straightforward layout, it provides a solid foundation for redevelopment or a long-term renovation project in a suburb that continues to see strong buyer demand.

• Ideal renovation or knock-down rebuild opportunity (STCA)
• Original home requiring substantial work throughout
• Level allotment of approximately 542 sqm
• Functional existing layout with 2 bedrooms and separate living
• Detached garage and additional shed on site
• Scope to redesign, extend or rebuild to suit your needs
• Quiet, established street in a convenient location
• Close to Midway Point shops, school and local services
• Easy access to Hobart CBD and the airport
• Strong potential to add value in a growing area

Year Built: Early 1970s
Construction: Weatherboard
Annual Water Rates: $1,202 approx.
Annual Council Rates: $1,698 approx.

Property History for 29 Penna Rd, Midway Point, TAS 7171

A timeline of how this property has performed in the market
Last Sold
$424,000
20 Apr 2026
  • 18 Apr 2026
    Sold for $424,000
  • 15 Apr 2026
    Listed for Sale $350,000 - $400,000
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About Midway Point 7171

The size of Midway Point is approximately 2.1 square kilometres. It has 6 parks covering nearly 19.4% of total area. The population of Midway Point in 2016 was 2859 people. By 2021 the population was 3384 showing a population growth of 18.4% in the area during that time. The predominant age group in Midway Point is 30-39 years. Households in Midway Point are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Midway Point work in a clerical occupation.In 2021, 74.00% of the homes in Midway Point were owner-occupied compared with 72.70% in 2016.

Midway Point has 1,779 properties. Over the last 5 years, Houses in Midway Point have seen a 37.17% increase in median value, while Units have seen a 30.81% increase. As at 30 April 2026:

  • The median value for Houses in Midway Point is $716,836 while the median value for Units is $528,884.
  • Houses have a median rent of $600 while Units have a median rent of $450.
There are currently 10 properties listed for sale, and 6 properties listed for rent in Midway point on OnTheHouse. According to Cotality's data, 106 properties were sold in the past 12 months in Midway point.

Suburb Insights for Midway Point 7171

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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.