Property Details for 292 Park St, New Town
292 Park St, New Town is a 8 bedroom, 4 bathroom Unit with 6 parking spaces and was built in 1940. While the property is not currently for sale or for rent, it was last sold in December 2003.
Last Listing description (December 2016)
The Perfect Investment
Presenting a unique opportunity for an investor to make a sound purchase. Constructed in 1940 and boasting a recent refurbishment this property consists of four flats all on a single title.
This property exudes a sense of timeless charm with a number of original features. Each flat boasts generous accommodation and comprises two bedrooms, a modernised bathroom, an upgraded kitchen and ample off street parking. The two upstairs flats have their own private balcony and the two downstairs flats have their own courtyard. The property has the ability to receive Stratum Title and resold individually or simply operated as flats with a rental income of over $1,000 per week.
- Great location on the cusp of North Hob
- Potential to Stratum Title
- Strong rental history
- Close to schools, shops & transport
Construction: Brick
Year Built: 1940
Heating: Electric
Property History for 292 Park St, New Town, TAS 7008
- 01 Sep 2016Listed for Sale By Expressions Of Interest
- 27 Nov 2010Listed for Rent - Price not available
- 02 Dec 2009Listed for Rent - Price not available
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 3,095 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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