3/10 Wallace Ave, Lenah Valley is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1971. The property has a land size of 76m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in April 2015.
Located in the popular suburb of Lenah Valley, in a quiet no through road, this unit is sure to be on your radar. One of only four units in the complex, Unit 3 boasts what is perhaps the best position, capturing plenty of natural light and views from its elevated position.
Inside is a welcoming space that has been well maintained with upgrades to the kitchen and bathroom in recent years. The kitchen is efficient in design and provides plenty of bench and cupboard space for the occupier.
The open plan layout provides space for dining and living areas with delightful Valley views, and from the window the summit of kunanyi/Mount Wellington can be seen. Both bedrooms connect with the living area, are well-sized and have built-in wardrobes. The bathroom provides plenty of room and includes space for a washing machine. A separate toilet and one car space completes the offering.
Lenah Valley offers great proximity to both Hobart (approx. 12 mins) and Glenorchy (approx. 5 mins) CBDs (via car) and borders the foothills of Wellington Park. For nature lovers or mountain bike riders the property's location provides easy access to the New Town Rivulet Linear Park and kunanyi/Mt Wellington's many tracks and trails.
The Valley's own shopping village has been upgraded in recent years offering specialty grocers, local conveniences, and the popular Whisk caf. Many excellent schools are in the suburb or in nearby New Town, North Hobart, and West Moonah.
The popular John Turnbull Park is close by, and public transport is frequent and only a short walk from the subject property.
The property is currently leased until 18th September 2024 at $425 per week. Property outgoings, including Rates, Land Tax, Water and Body Corporate fees amount to approx. $4,600 per annum (2023/24 financial year).
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 3,128 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:
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