1/18 Wallace Ave, Lenah Valley is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 135m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 2 bedroom Unit sold in Lenah Valley in the last 12 months.
Positioned to capture elevated views across native bushland and glimpses of water, this unit presents an exciting opportunity for buyers looking to add value in one of Lenah Valley's most tightly held pockets.The home does require renovation, but this is where the appeal truly lies. With a solid layout and an enviable outlook, it offers the perfect blank canvas to renovate and personalise to your own taste. Whether you're an owner-occupier wanting to create something special or an investor seeking upside, the potential here is undeniable.A standout feature is the generous under-house storage area, offering far more than just storage. With the right vision, this space could be transformed into a art studio, workshop or creative retreat, adding flexibility and future value.Comprising two bedrooms and one bathroom, the unit enjoys a peaceful setting while still being just minutes from Hobart's CBD, shops, schools and services. Properties with this level of potential and outlook are becoming increasingly ra
The size of Lenah Valley is approximately 8.4 square kilometres. It has 10 parks covering nearly 3.3% of 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 3,126 properties. Over the last 5 years, Houses in Lenah Valley have seen a 17.21% increase in median value, while Units have seen a 13.53% increase. As at 30 April 2026:
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