1 Tower Road, New Town, TAS 7008 | Property Value & History | OnTheHouse
OFF MARKET

1 Tower Road
New Town TAS 7008

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 337m2
Land area: 835m2
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Property Details for 1 Tower Rd, New Town

1 Tower Rd, New Town is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1850. The property has a land size of 835m2 and floor size of 337m2. While the property is not currently for sale or for rent, it was last sold in October 2011.

Building Type
Unit
Year Built
1850
Floor Size
337m2
Land Size
835m2
Local Government
Hobart
Lot/Plan
2/120952

Last Listing description (September 2011)

King or Queen of the Castle!
Here is a rare opportunity to purchase one of Tasmania???s most widely known high profile landmarks. This imposing building was erected in 1850 as a country retreat for William Route, a founding member of the anti transportation league and sits on 3 titles totalling 835 sq meters or thereabouts. The floor area of the building is approximately 247 sq meters and there are a multitude of out buildings surrounding a court yard. The property has a right of way to allow rear access. The original features of this interesting building give you the feeling that you are walking through history. The ambience of the 1850???s is evident in the marble fire places, the spiral staircase and the 3 foot thick walls with there aged wood panelling. Yes it will need renovating but the opportunities that this landmark offers are only limited by your imagination. Just a ten minute drive to the centre of Hobart or only two minutes to the various nearby shopping centres and sports grounds. The tower is built of sandstone and enjoys panoramic views of mount Wellington and the suburbs. Part of the lower floor is built of weatherboard with a pleasant outlook to the large front yard through French windows. The property is registered with the National Trust and would be a great project property along the lines of ???Grand Designs??? or a highly desirable piece of real estate for someone requiring a high profile location.

Property History for 1 Tower Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$420,000
15 Oct 2011
  • 15 Oct 2011
    Sold for $420,000
  • 09 May 2011
    Listed for Sale FOR SALE BY PUBLIC TENDER
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About New Town 7008

The size of New Town is approximately 4.0 square kilometres. It has 8 parks covering nearly 9.3% of 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 3,094 properties. Over the last 5 years, Houses in New Town have seen a 16.22% increase in median value, while Units have seen a 10.46% increase. As at 30 April 2026:

  • The median value for Houses in New Town is $904,287 while the median value for Units is $503,054.
  • Houses have a median rent of $660 while Units have a median rent of $498.
There are currently 6 properties listed for sale, and 2 properties listed for rent in New town on OnTheHouse. According to Cotality's data, 113 properties were sold in the past 12 months in New town.

Suburb Insights for New Town 7008

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Cotality Copyright and Legal Disclaimers about Property Data
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.