1/66A Montagu StreetNew Town TAS 7008
Property Details for 1/66a Montagu St, New Town
1/66a Montagu St, New Town is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 240m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in September 2015.
Last Listing description (June 2016)
It s not often that you can buy 5 flats over 2 titles (two separate complexes of between 8 to 9 bedrooms in total) located in such a sought after, fringe CBD suburb and popular street consisting mostly of a variety of grand older homes.
Residences rarely come on the market here because the prime location is so central to everything with various supermarkets, shopping centres, hospitals, schools and all services within walking distance, plus it s just 5 minutes by car from the Hobart CBD. Both lots are virtually flat with ample off street parking provided.
There is definite potential to update and improve these flats and possibly even to Strata title (STCA) for immediate revaluation and capital growth (though they are in reasonable condition at present).
The two Complexes in brief:
Parcel 1: 66 Montagu St on 591m2 (approx.)
Consists of a grand old home circa 1915, converted into three flats (1 x 2 bedroom, 1x 1 bedroom plus study and 1x 1 bedroom)
Parcel 2: 66A Montagu St on 666m2 (approx.)
Consists of a Two conjoined, 2 bedroom brick units (at the rear of Parcel 1).
This is a truly unique offering for the astute investor and could tick all the boxes for a Superfund purchase or adding to your investment portfolio.
Although a sale of both titles to one buyer is preferred, the owner may give consideration to selling each title individually.
To get full details including outgoings and rental income please register your interest with the listing Agent who would be most pleased to assist.
* This is a guide for Buyer's only
Property History for 1/66a Montagu St, New Town, TAS 7008
- 15 Sep 2015Sold for $310,000
- 31 Mar 2015Sold for $475,000
- 22 Dec 2014Listed for Sale $800,000 - $900,000*
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 -2.46% decrease in median value, while Units have seen a 12.18% increase. As at 31 August 2026:
- The median value for Houses in New Town is $864,401 while the median value for Units is $540,519.
- Houses have a median rent of $675 while Units have a median rent of $513.
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