291 Park Street, New Town, TAS 7008 | Property Value & History | OnTheHouse
FOR SALE

291 Park Street
New Town TAS 7008

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 125m2
Land area: 415m2
This property is currently on the market
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Property Details for 291 Park St, New Town

291 Park St, New Town is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1916. The property has a land size of 415m2 and floor size of 125m2.This Property is currently listed for sale with The Agency Northern Tasmania

Building Type
House
Year Built
1916
Floor Size
125m2
Land Size
415m2
Local Government
Hobart
Lot/Plan
1/247846

Last Listing description (August 2026)

There is something immediately welcoming about 291 Park Street.
Set behind established gardens this 1916 character home brings together the warmth of its original era with the comfort, practicality and flexibility expected of modern living.
High ceilings, timber floors and an abundance of natural light create a beautiful sense of space throughout the home. The floorplan offers three bedrooms two of which have large built-in wardrobes, a stylish central bathroom, multiple living zones and a well-appointed kitchen featuring European appliances. The main living and dining area feels generous and inviting, while the second living space, accessed through a striking custom pivot door, adds another layer of versatility to the home.

This sun-filled rear addition is one of the home's standout features, complete with double glazing, tilt-and-turn windows and direct connection to a small home office or study. It is the kind of space that works just as well for quiet mornings, relaxed entertaining, working from home or giving guests and family members a little extra room to spread out.
Comfort is well managed throughout the seasons with three reverse cycle heat pump units, allowing the home to be heated and cooled in zones rather than relying on a single source. This makes day-to-day living more efficient, more flexible and better suited to modern households.
Outside, the gardens wrap around the home to create a private and peaceful setting. A paved outdoor area provides space for alfresco dining, while the low-maintenance lawn is ideal for children, pets or simply enjoying the garden without the burden of heavy upkeep. A generous shed adds excellent storage and could also lend itself to a studio, workshop or creative space. Off-street parking for two vehicles completes the package.
The location is one of the home's greatest strengths. New Town is one of Hobart's most convenient city-fringe suburbs, offering easy access to the CBD, North Hobart, local shops, cafes, schools, public transport and everyday services. The home is only moments from New Town Road, New Town Plaza, local cafes and amenities, while the North Hobart restaurant strip, State Cinema, Queens Domain, Royal Tasmanian Botanical Gardens and central Hobart are all within easy reach. New Town is also recognised as one of Hobart's earliest established suburbs, adding to the area's character and enduring appeal.
For owner-occupiers, this is a home with soul, function and lifestyle convenience. For investors, the combination of three-bedroom accommodation, multiple living areas, off-street parking, city-fringe positioning and proximity to Hobart's dining, medical, education and tourism precincts gives it clear short-stay accommodation appeal, subject of course to the relevant approvals and regulations.
Full of charm, light and flexibility, 291 Park Street is a home that feels both established and highly liveable - a classic New Town residence with genuine lifestyle and investment versatility.

Property History for 291 Park St, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$862,000
21 Oct 2021
  • 04 May 2026
    Listed for Sale Offers Over $795,000
  • 21 Oct 2021
    Sold for $862,000
  • 14 Oct 2021
    Listed for Sale Offers over $775,000.00
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About 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 3,095 properties. Over the last 5 years, Houses in New Town have seen a 4.24% increase in median value, while Units have seen a 7.28% increase. As at 31 July 2026:

  • The median value for Houses in New Town is $870,878 while the median value for Units is $526,685.
  • Houses have a median rent of $670 while Units have a median rent of $505.
There are currently 6 properties listed for sale, and 4 properties listed for rent in New town on OnTheHouse. According to Cotality's data, 96 properties were sold in the past 12 months in New town.

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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.