520 Sandy Bay RoadSandy Bay TAS 7005
Property Details for 520 Sandy Bay Rd, Sandy Bay
Last Listing description (December 2021)
Knight Frank is privileged to present to the market for sale The Red Chapel, 520 Sandy Bay Road, Sandy Bay.
This generational opportunity is incredibly unique, comprising a land area of approximately 1,556 sqm, and two existing heritage buildings being the Hall and The Red Chapel. The site is north facing, regular in shape and benefits from the title being to the high water mark of the River Derwent. Zoned 'General Residential' and carrying an approved DA for residential use, the property presents multiple options including development of a luxury waterfront residence, a residential strata development, potential subdivision of the site, or the occupancy of a range of commercial uses (STCA).
The property is situated on the famed 'Golden Mile' within the affluent suburb of Sandy Bay and is surrounded by prestigious waterfront homes. Nearby beaches and parks complement the site, as well being surrounded by some of Tasmania's leading private schools.
Opportunities such as this are extremely rare to market, and with the scope of potential this property has, it is certainly deserving of strong consideration by all astute purchasers.
The property is for sale by Public Auction, 10th December 2021 at 11am. For further information or to book an inspection please contact either of the exclusive selling agents.
Property History for 520 Sandy Bay Rd, Sandy Bay, TAS 7005
- 10 Dec 2021Sold for $4,600,000
- 10 Nov 2021Listed for Sale Sale by Public Auction 10 December at 11am onsite
- 30 Apr 2013Sold for $22,000
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0About Sandy Bay 7005
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:
- The median value for Houses in Sandy Bay is $1,268,405 while the median value for Units is $699,351.
- Houses have a median rent of $770 while Units have a median rent of $515.
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