65 Bay RdNew Town TAS 7008
Property Details for 65 Bay Rd, New Town
Last Listing description (June 2021)
Offering dual income and potential for further development (STCA) this is an attractive opportunity for an investor willing to roll up their sleeves.
Currently split as two separate units: a one bedroom and a two-bedroom unit with great potential to renovate, add value and collect a good market return. In addition, with the position of the existing property and good access to the rear, there is potential to build additional dwellings (STCA).
For those seeking their forever home, there is an exciting opportunity to transform the property back into a comfortable three-bedroom home in a great location and with big yard to enjoy - it just needs the right vision, and you can then capitalise on the beautiful character that already exist at this property.
Conveniently located in the popular suburb of New Town, it is positioned in a quiet and sought-after street that provides suburban serenity yet is just a few easy steps to the New Town Plaza complex and a further 10 minutes to the Hobart CBD. This property presents a unique opportunity for one lucky buyer to invest and/or create a beautiful home in such a prized location.
For further information or to arrange a private inspection, please contact Ben Vance or Tom Levett.
Council Rates: $2,700.00 per annum (approx.)
Water Rates: $1,000.00 per annum (approx.)
Property History for 65 Bay Rd, New Town, TAS 7008
- 02 Jun 2025Sold for $650,000
- 31 Mar 2021Sold for $785,000
- 23 Mar 2021Listed for Sale Expressions of Interest
Recent sales nearby
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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 3,092 properties. Over the last 5 years, Houses in New Town have seen a 18.30% increase in median value, while Units have seen a 16.62% increase. As at 31 January 2026:
- The median value for Houses in New Town is $867,870 while the median value for Units is $488,545.
- Houses have a median rent of $600 while Units have a median rent of $500.
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