1/107 Montagu StreetNew Town TAS 7008
Property Details for 1/107 Montagu St, New Town
1/107 Montagu St, New Town is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 55m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 1 bedroom Unit sold in New Town in the last 12 months.
Last Listing description (June 2026)
Positioned within the highly sought-after suburb of New Town, this well-maintained one-bedroom unit presents an outstanding opportunity for first home buyers and investors alike. Currently tenanted until July 2026 for $380per week, the property offers a secure and hassle-free addition to any portfolio, with reliable returns from day one.The home features a light-filled open plan living and kitchen area, designed for practical everyday living. Electric heating ensures comfort throughout the cooler months, while the layout maximises both space and functionality. A personal balcony extends from the living zone, providing a pleasant outdoor space to unwind.Accommodation comprises a generously sized bedroom complete with built-in robes and shelving space, serviced by a combined bathroom, laundry and toilet. Positioned on the top floor of a quiet complex, the property enjoys a sunny aspect and low-maintenance appeal.Set just minutes from New Town Plaza, local schools, public transport and everyday amenities, and approximately 10 minutes from the Hobart CBD, the location continues to support strong long-term value and consistent appeal. A smart, low-maintenance investment with secure income already in place, this is an ideal opportunity for both seasoned investors and those looking to enter the market with confidence. Well-maintained one-bedroom unit ideal for investment Tenanted until 20 July 2026 at $380 per week Secure, hassle-free income from day one Light-filled open plan living and kitchen area Electric heating for comfort in the cooler months Personal balcony extending from the living zone Generous bedroom with built-in robes and shelving Combined bathroom, laundry and toilet Top floor position within a quiet complex Sunny aspect with low-maintenance appeal Minutes to New Town Plaza, schools and public transport Approximately 10 minutes to Hobart CBD Ideal for both seasoned investors and those entering the market Council rates approx. $1,380pa Water rates approx. $ 1,200pa Body Corporate $2,600pa
Property History for 1/107 Montagu St, New Town, TAS 7008
- 18 May 2026Sold for $416,000
- 27 Mar 2026Listed for Sale $395,000 - $435,000
- 02 Oct 2025Listed for Rent $380 / week
Recent sales nearby
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0About New Town 7008
The size of New Town is approximately 4.0 square kilometres. There are 8 parks, covering nearly 9.3% of the total area. The population of New Town in 2016 was 6122 people. By 2021 the population was 6781 showing a population growth of 10.8% in the area during that time. The predominant age group in New Town is 20-29 years. Households in New Town are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Town work in a professional occupation.In 2021, 56.80% of the homes in New Town were owner-occupied compared with 57.40% in 2016.
New Town has 3,096 properties. Over the last 5 years, Houses in New Town have seen a 8.25% increase in median value, while Units have seen a 10.44% increase. As at 30 June 2026:
- The median value for Houses in New Town is $880,506 while the median value for Units is $526,487.
- Houses have a median rent of $673 while Units have a median rent of $500.
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