331 Park StreetNew Town TAS 7008
Property Details for 331 Park St, New Town
331 Park St, New Town is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1925. The property has a land size of 908m2 and floor size of 192m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (June 2022)
Bursting with charm, character and potential, this home is guaranteed to excite a wide range of savvy buyers. Built in 1925 and set on an expansive 918sqm block, renovators will adore the period features on show while developers will recognise the enormous potential of this centrally located property (STCA).
Even before stepping inside, it's clear this home is truly unique from the elegant front porch to the mature rose gardens. Inside, there are multiple living zones on offer along with three generous bedrooms and 1.5 bathrooms.
Tall ceilings and an abundance of natural light ensure the home feels bright and spacious and, with some cosmetic updates, could be restored to its former glory. Ornate cornices and ceiling roses elude to the home's history while electric heating and upgraded wiring ensure complete comfort.
In the heart of the home sits the spacious dining and living zone just waiting for your next gathering with friends plus there is also a formal lounge room with built-in storage. Both the main bathroom and kitchen are a great size and in need of some modern updates to create the comfortable spaces you have always wanted.
There's a sunroom plus an additional powder room off the rear of the house while a detached laundry, multiple storage rooms and a 6.1 x 4.2m garage add functionality to the property. There's also ample under-house storage on offer.
Whether you're looking for subdivision potential or complete redevelopment (STCA), the spacious 918sqm block is packed full of potential.
The site is just a short walk from bus stops, shops and services while the Sacred Heart College, Ogilvie High School and The Friends' School - Morris Primary are all within easy reach. The centre of Hobart is also only a six-minute drive away adding to the appeal of this extremely rare opportunity.
Property History for 331 Park St, New Town, TAS 7008
- 05 May 2022Sold for $1,031,000
- 11 Apr 2022Listed for Sale Offers over $985,000
- 03 Dec 2019Sold for $705,000
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0About 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 3,091 properties. Over the last 5 years, Houses in New Town have seen a 22.63% increase in median value, while Units have seen a 16.81% increase. As at 30 November 2025:
- The median value for Houses in New Town is $870,525 while the median value for Units is $490,233.
- Houses have a median rent of $600 while Units have a median rent of $500.
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