29 Penna RoadMidway Point TAS 7171
Property Details for 29 Penna Rd, Midway Point
29 Penna Rd, Midway Point is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1983. The property has a land size of 542m2 and floor size of 105m2.This Property is currently listed for sale with Petrusma Property
Last Listing description (April 2026)
Set in a well-established and highly convenient pocket of Midway Point, this is a property that will immediately appeal to those looking for their next project. Whether you are considering a full renovation, extension, or a complete knock-down and rebuild (STCA), the value here is in the position and the potential it offers.
The existing home is very much in original condition and requires significant work throughout. From the exterior through to the kitchen, bathroom and living spaces, buyers should come prepared with a clear vision and an appetite to transform. For those with the right mindset, this is an opportunity to create something entirely your own, tailored to modern living standards.
Positioned just moments from local shops, schools, transport and the waterfront, the location is where this property truly shines. With level land and a straightforward layout, it provides a solid foundation for redevelopment or a long-term renovation project in a suburb that continues to see strong buyer demand.
Ideal renovation or knock-down rebuild opportunity (STCA)
Original home requiring substantial work throughout
Level allotment of approximately 542 sqm
Functional existing layout with 2 bedrooms and separate living
Detached garage and additional shed on site
Scope to redesign, extend or rebuild to suit your needs
Quiet, established street in a convenient location
Close to Midway Point shops, school and local services
Easy access to Hobart CBD and the airport
Strong potential to add value in a growing area
Year Built: Early 1970s
Construction: Weatherboard
Annual Water Rates: $1,202 approx.
Annual Council Rates: $1,698 approx.
Property History for 29 Penna Rd, Midway Point, TAS 7171
- 15 Apr 2026Listed for Sale $350,000 - $400,000
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0About Midway Point 7171
The size of Midway Point is approximately 2.1 square kilometres. It has 6 parks covering nearly 19.4% of total area. The population of Midway Point in 2016 was 2859 people. By 2021 the population was 3384 showing a population growth of 18.4% in the area during that time. The predominant age group in Midway Point is 30-39 years. Households in Midway Point are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Midway Point work in a clerical occupation.In 2021, 74.00% of the homes in Midway Point were owner-occupied compared with 72.70% in 2016.
Midway Point has 1,775 properties. Over the last 5 years, Houses in Midway Point have seen a 37.92% increase in median value, while Units have seen a 34.43% increase. As at 31 March 2026:
- The median value for Houses in Midway Point is $685,981 while the median value for Units is $533,641.
- Houses have a median rent of $600 while Units have a median rent of $450.
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