328 Murray Street, North Hobart, TAS 7000 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
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328 Murray Street
North Hobart TAS 7000

Bedrooms: 6
Bathrooms: 3
Car spaces: -
Floor area: 205m2
Land area: 632m2
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High Yielding Grand 1880 Residence

Perfectly positioned at the top of Murray Street in one of Hobart's most desirable and tightly held precincts, this substantial 1880s residence presents an exceptional opportunity in the heart of North Hobart.
Steeped in history and character, the home retains the charm of its heritage origins while offering outstanding versatility. Once a single grand residence, the property has been adapted into three self-contained flats, each generating a strong rental return. This configuration provides an excellent investment opportunity, with the option to maintain as a high-yielding asset or explore the potential to restore it to a remarkable family home. The property currently generates a gross weekly return of $1,195 per week.
Occupying a commanding position, the property enjoys an attractive street presence with its classic façade and period detail. Inside, the spacious interiors are defined by high ceilings, generous proportions, and original architectural features that speak to the home's 19th-century craftsmanship.
At the rear, a private and sizable yard provides valuable outdoor space, a rarity in this central location, offering both amenity and potential for further landscaping.
Situated only moments from the renowned North Hobart restaurant and café strip, and within walking distance of the Hobart CBD, this property offers unparalleled convenience. Nearby parks, schools, and public transport further enhance the appeal of this blue-chip address.
Whether held as a secure and rewarding investment or transformed into a magnificent residence, this property represents an outstanding opportunity to secure a piece of Hobart's history in a premium city-fringe location.

Property Details for 328 Murray St, North Hobart

328 Murray St, North Hobart is a 6 bedroom, 3 bathroom BlockOfUnits. The property has a land size of 632m2 and floor size of 205m2. The place is currently for sale with Ray White Hobart.

Building Type
BlockOfUnits
Floor Size
205m2
Land Size
632m2
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About North Hobart 7000

The size of North Hobart is approximately 1.0 square kilometres. It has 3 parks covering nearly 5.6% of total area. The population of North Hobart in 2016 was 2494 people. By 2021 the population was 2600 showing a population growth of 4.2% in the area during that time. The predominant age group in North Hobart is 20-29 years. Households in North Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Hobart work in a professional occupation.In 2021, 43.80% of the homes in North Hobart were owner-occupied compared with 41.80% in 2016.

North Hobart has 1,610 properties. Over the last 5 years, Houses in North Hobart have seen a 24.63% increase in median value, while Units have seen a 26.19% increase. As at 30 November 2025:

  • The median value for Houses in North Hobart is $922,505 while the median value for Units is $812,394.
  • Houses have a median rent of $598 while Units have a median rent of $620.
There are currently 9 properties listed for sale, and 13 properties listed for rent in North hobart on OnTheHouse. According to Cotality's data, 63 properties were sold in the past 12 months in North hobart.

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Brad Stephens
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Ray White Hobart
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