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

31 Tower Road
New Town TAS 7008

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 24590m2
We do not have enough data to display the calculated estimate for this property.
Save

Property Details for 31 Tower Rd, New Town

Building Type
Commercial
Year Built
1957
Land Size
24590m2
Local Government
Hobart

Last Listing description (December 2021)

Perfectly positioned to capture maximum sunshine and great views, is this 4-bedroom penthouse apartment on the top floor with the convenience of lift access.

All within walking distance to the New Town shopping precinct and only minutes from Hobart's CBD, this apartment features:

*2 open plan living zones each with their own private balcony with stunning views.

*Contemporary kitchen with ample bench space.

*4 bedrooms each filled with natural light and amazing views. The master bedroom has a walk-in wardrobe/dressing area, and a super sized en-suite .

*Main bathroom with luxurious bath tub.

*The good sized laundry is tucked away behind closed doors.

*Plenty of storage space is provided within the large linen closets, and the home enjoys the convenience of both reverse-cycle air conditioning and panel heating.

*A Double carport provides off-street parking for two vehicles conveniently located within easy reach of the front entrance, and protected by a remote controlled boom gate.

*As an added bonus, the Tower Road complex offers a common area, configured as a games room as a place to mingle if you so desire!

*Inspections will be held by appointment. No pets permitted.

**Please note furniture in the photographs is not included in the tenancy.

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

A timeline of how this property has performed in the market
Last Sold
$1,700,000
06 Apr 1993
Listed for Rent
$780/w
24 Dec 2021
  • 15 Dec 2021
    Listed for Rent $780 / week
  • 06 Apr 1993
    Sold for $1,700,000
  • 20 Jun 1991
    Sold for $7,500,000
Commute Calculator

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

Market Insights
New Town Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
New Town Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.