21A Offers over $1,900,000
21B Offers over $2,100,000
An incredibly attractive opportunity to develop one or two separate sites in Sandy Bay may seem too good to be true as the area is considered prime location in the city of Hobart, but such two sites are now on offer together or separately. The exceptionally attractive 8,030m2 and 7.255 ha approx. of beautifully positioned land with subdivision potential for up to 5 multiple dwellings per allotment (S.T.C.A.) overlooking the Derwent River and the surrounding areas can become your ultimate residence or an investment opportunity. This peaceful site enjoys long hours of sunlight and perfectly magnificent views overlooking the Derwent River with the city of Hobart and the Tasman Bridge below, and the Eastern Shore with South Arm in the distance.
This property offers you an opportunity to develop or build a house of your dreams (S.T.C.A.) in this tranquil part and exceptional part of the world. Imagine yourself watching the sun coming up over the distant hills or relaxing on a large deck watching the yachts on the river while entertaining family and friends. This site offers you all this and so much more! There is plenty of space here for play equipment for the kids, a workshop, and a magnificent garden.
21B Enterprise Road covers an area of 8,030m2 approx. of gently sloping residential land (zoned low density) with unrivalled views, stretching across the hillside somewhat parallel to Churchill Avenue. 21A Enterprise Road is located directly behind 21B Enterprise Road and covers a large area of land, namely 7.255 ha approx. which comprises 1.569 ha zoned low density and 5.686ha zoned environmental living.
The properties have existing roads and ensure easy access to both sites. Sandy Bay has long been considered one of the most popular and sought after suburbs in Hobart and with very few development sites available in the area, this is an opportunity not to be missed. Located just above the Churchill Avenue you will have access to the Mt Nelson Signal Station bushwalking tracks. There are many schools in the area, as well as the UTAS campus. Sandy Bay is also known for its great services and amenities.
The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
The size of Sandy Bay is approximately 6.9 square kilometres. It has 14 parks covering nearly 23.0% of total area. The population of Sandy Bay in 2016 was 11927 people. By 2021 the population was 12315 showing a population growth of 3.2% in the area during that time. The predominant age group in Sandy Bay is 20-29 years. Households in Sandy Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sandy Bay work in a professional occupation.In 2021, 62.10% of the homes in Sandy Bay were owner-occupied compared with 61.50% in 2016.
Sandy Bay has 5,858 properties. Over the last 5 years, Houses in Sandy Bay have seen a 7.64% increase in median value, while Units have seen a 20.48% increase. As at 31 March 2026:
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