244 Macquarie StreetHobart TAS 7000
Property Details for 244 Macquarie St, Hobart
244 Macquarie St, Hobart is a 5 bedroom, 3 bathroom House with 1 parking spaces and was built in 1870. The property has a land size of 480m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Last Listing description (September 2021)
BACK ON THE MARKET! The previous buyers were unable to complete their contract, so this unique offering is back on the market!
244 Macquarie Street presents a unique opportunity in the Hobart real estate market to secure a property with a multitude of options. Whether it is for residential, professional or as profitable investment proposition, the choice is yours.
For over 15 years the front dwelling has been used as rental accommodation for students and city workers. Successfully rented by the room for up to $200pw, the 5 bedrooms share a large open plan lounge, well appointed kitchen and brand new bathroom. The carpet has been replaced and the home has been recently repainted. Given the proximity to the city, the dwelling also lends itself to professional rooms. It was previously used as a medical practice and could be returned to that use. There is one off street park at the front, however, it is just a short stroll to the CBD or Sandy Bay and the University.
The second dwelling, 244A - The Cottage is a compact 3 bedroom cottage with a layout to suit the student accommodation market. Rented as fully furnished and equipped, the cottage always enjoys a high long term occupancy rate due to its convenient location, ease of living and clean, well maintained condition. Rooms have been rented long term for up to $200pw each.
The third building is a 5 year old 6 bedroom, 1 bathroom house (2 toilets). Equipped with a spacious open plan kitchen and living area, the home was built with not only student/city worker accommodation in mind but as a well laid out family home. Constructed in 2015, this brick and timber home enjoys an enviable city position and has always been popular on the rental market. There is a solar system on the roof as well as some storage and a separate laundry room. Rooms have been rented long term for up to $200pw each.
Future opportunities exist to value add to the properties. With just a little work remaining, there may be the ability to strata title the three dwellings. There are also professionally drawn plans to potentially expand the front home by building up (plans available upon request).
Whilst there is currently only one off street car park on site, council permits are available from the HCC.
INSPECTIONS BY APPOINTMENT.
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Property History for 244 Macquarie St, Hobart, TAS 7000
- 20 May 2021Sold for $1,451,000
- 21 Sep 2020Listed for Sale Expressions Of Interest Above $1,400,000
- 21 Apr 2020Listed for Rent $180 / week
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0About Hobart 7000
The size of Hobart is approximately 2.1 square kilometres. It has 10 parks covering nearly 4.8% of total area. The population of Hobart in 2016 was 2296 people. By 2021 the population was 3390 showing a population growth of 47.6% in the area during that time. The predominant age group in Hobart is 20-29 years. Households in Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hobart work in a professional occupation.In 2021, 27.40% of the homes in Hobart were owner-occupied compared with 26.40% in 2016.
Hobart has 3,066 properties. Over the last 5 years, Houses in Hobart have seen a 10.69% increase in median value, while Units have seen a 8.33% increase. As at 30 November 2025:
- The median value for Houses in Hobart is $990,740 while the median value for Units is $806,999.
- Houses have a median rent of $620 while Units have a median rent of $630.
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