14/31 Tower Road, New Town, TAS 7008 | Property Value & History | OnTheHouse
OFF MARKET

14/31 Tower Road
New Town TAS 7008

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 74m2
Land area: 84m2
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Last updated 18 May 2026
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Property Details for 14/31 Tower Rd, New Town

14/31 Tower Rd, New Town is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1957. The property has a land size of 84m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
1957
Floor Size
74m2
Land Size
84m2
Local Government
Hobart
Lot/Plan
110/135344

Last Listing description (June 2023)

Immaculately presented and situated in this secure luxury apartment complex this spacious unit features a well appointed entertainer's kitchen with an open plan living dining area that flows effortlessly out to the alfresco sun deck. With a king sized bedroom and sparkling Bathroom/Laundry the apartment also offers excellent storage. There is one assigned car park and some visitor parking secured via boom gate access.
Solidly constructed with concrete floors and ceiling your ultimate in peace and privacy is ensured.
The complex also provides a common bicycle storage area and a common games room.

Available for occupation on settlement this is a wonderful opportunity to enter Hobart's real estate market.

Property History for 14/31 Tower Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$415,000
27 May 2023
Listed for Rent
$400/w
21 Jun 2023
  • 09 Jun 2023
    Listed for Rent $400 / week
  • 27 May 2023
    Sold for $415,000
  • 10 May 2023
    Listed for Sale Offers Over $395,000
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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 3,095 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 5 properties listed for sale, and 4 properties listed for rent in New town on OnTheHouse. According to Cotality's data, 114 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.