38 Tower Road, New Town, TAS 7008 | Property Value & History | OnTheHouse
 
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38 Tower Road
New Town TAS 7008

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 112m2
Land area: 474m2
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Property Details for 38 Tower Rd, New Town

38 Tower Rd, New Town is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1942. The property has a land size of 474m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in October 2017.

Building Type
House
Year Built
1942
Floor Size
112m2
Land Size
474m2
Local Government
Hobart
Lot/Plan
2/112966

Last Listing description (January 2018)

Desirably located in sought after New Town, this circa 1940s property has been beautifully renovated to create a well-designed, warm and light filled home offering stylish, contemporary living.
Set across one level, the floorplan accommodates a spacious living room with original fireplace, flowing through into the open plan kitchen and dining/family room. Original features including picture rails and polished floorboards meld seamlessly with contemporary updates and bespoke joinery in the kitchen to create a calming and relaxed living area. French doors open into the rear yard with courtyard and carport, and gated OSP, to provide seamless indoor/outdoor living.
There are two double bedrooms and a single, two with BIR, serviced by a modern central bathroom with luxurious bath tub. The separate laundry completes the floorplan. The gas ducted heating ensures year round comfort and convenience.

With public transport, local schools, shops and cafes nearby, this is a fantastic opportunity to break into the competitive New Town real estate market and acquire a quality, renovated home within easy reach of the CBD.

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Property History for 38 Tower Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$581,000
30 Oct 2017
Listed for Rent
$430/w
14 Jul 2016
  • 30 Oct 2017
    Sold for $581,000
  • 24 Oct 2017
    Listed for Sale Buyers looking in the $525,000+ price range
  • 28 Jun 2016
    Listed for Rent $430 / week
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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 3,094 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 7 properties listed for sale, and 4 properties listed for rent in New town on OnTheHouse. According to Cotality's data, 118 properties were sold in the past 12 months in New town.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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