5 Tower RoadNew Town TAS 7008
Property Details for 5 Tower Rd, New Town
5 Tower Rd, New Town is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 701m2.
Last Listing description (September 2019)
Situated on one of New Towns most prestigious streets, this timeless beauty, circa 1949, is an immaculately presented home with an appealing blend of both modern and traditional charm. The flexible floor plan welcomes the savvy investor who will appreciate the set-up of two flats on two titles and the wonderful yield or the family who could easily open the property back up to become a 3-4-bedroom home as it was originally built. Regardless of use it is a home with an undeniably broad appeal.
As you walk through the main entrance of this stunning home or flat 1, you are taken into a wonderful expansive informal living room which is currently utilised as a bedroom with built-ins and is substantially heated via a heat pump but has the option to use the fireplace. From here again the flexibility shines through with the opportunity for a formal dining area. The kitchen is huge with endless cupboards, space for a dining table and room to move which any cooking enthusiast will love. Towards the rear of the home is the spacious second bedroom with a BIR, family bathroom and separate toilet. The amenities here would benefit in some modernising over time which would provide even further equity but any occupant could move in and enjoy the home immediately. Down the large open hallway is ladder access to an attic space, ideally suited for storage. Flat 1 also benefits from a large single garage and its own driveway.
Flat 2 which is currently rented for $350 per week provides excellent security and a good return or if you are searching for the family home , open the walls back up to the rear of the house and you will find a second floor plan similar to that of flat 1.
Beyond the house itself the property also offers well-established gardens, where countless hours have been spent ensuring all areas are looking immaculate with stunning flowers and areas which can be utilised for entertaining.
This delightful property is located only six minutes from the city and is also close to a multitude of cafes, restaurants, hotels, major supermarkets, transport services including the city cycle way and to an array of private and public schools including New Town High, New Town Primary, Ogilvie High, Friends, Sacred Heart College and St Therese's Primary.
This outstanding single level property with an abundance of off-street parking will appeal to families, professionals and investors alike. Don't miss out on this rare opportunity to own in New Town and this rare opportunity for dual income on two titles.
Thinking of Selling?
If you are curious to know the value of your home or are thinking of selling please contact your previous Number 1 Agent in Australia as awarded by the Real Estate Institute of Australia and Real Estate Business Nat Downton from Downton Property for your no obligation free market appraisal.
Need Finance?
Buying the perfect property requires the perfect loan so give Yellow Brick Road Wealth Management Hobart a call on 03 6135 4875 or head to www.ybr.com.au/hobart to check out what the team can do for you!
Property History for 5 Tower Rd, New Town, TAS 7008
- 14 Aug 2019Listed for Sale Not Disclosed
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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 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.
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