1/18 Wallace Avenue, Lenah Valley, TAS 7008 | Property Value & History | OnTheHouse
 
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1/18 Wallace Avenue
Lenah Valley TAS 7008

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 61m2
Land area: 135m2
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Last updated 26 Jan 2026
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Property Details for 1/18 Wallace Ave, Lenah Valley

1/18 Wallace Ave, Lenah Valley is a 2 bedroom, 1 bathroom Unit 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 February 1990.

Building Type
Unit
Year Built
1977
Floor Size
61m2
Land Size
135m2
Local Government
Hobart
Lot/Plan
1/58845

Last Listing description (January 2026)

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 rare in Lenah Valley, particularly at such an attractive price point for the area.

Ideal for renovators, first-home buyers looking to enter the market, or investors chasing growth in a blue-chip suburb.

Disclaimer: Every effort has been made to ensure the accuracy of the information contained herein. While there is no reason to doubt its accuracy, a guarantee cannot be assured. The content is intended as advice and such as cannot be taken as absolute fact. Accordingly, all interested parties should make their own enquiries to verify this information.

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Property History for 1/18 Wallace Ave, Lenah Valley, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$93,500
08 Feb 1990
  • 27 Jan 2026
    Listed for Sale Offers Over $385,000
  • 08 Feb 1990
    Sold for $93,500
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About Lenah Valley 7008

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 3,129 properties. Over the last 5 years, Houses in Lenah Valley have seen a 33.50% increase in median value, while Units have seen a 31.87% increase. As at 31 December 2025:

  • The median value for Houses in Lenah Valley is $851,726 while the median value for Units is $576,530.
  • Houses have a median rent of $620 while Units have a median rent of $515.
There are currently 20 properties listed for sale, and 3 properties listed for rent in Lenah valley on OnTheHouse. According to Cotality's data, 105 properties were sold in the past 12 months in Lenah valley.

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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.

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