55 Derwentwater Ave, Sandy Bay is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1961. The property has a land size of 835m2 and floor size of 138m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 3 bedroom House sold in Sandy Bay in the last 12 months.
Desirably located in a sought-after pocket of Sandy Bay, nestled amongst verdant, landscaped surrounds on the edge of Lambert Park, this beautifully renovated 1960s home has been thoughtfully updated to deliver a stylish and highly functional home.
Set across a single level, the home offers light-filled, inviting interiors, where generously proportioned open plan living forms the heart of the home. The modern kitchen is spacious and well-appointed, featuring Caesarstone benchtops, quality appliances and ample storage, while providing seamless access to the entertaining deck.
The living and dining area enjoys the ambience of a fireplace, ensuring warmth and comfort throughout the cooler months. Three bedrooms, each with built-in wardrobes, are serviced by a fully renovated central bathroom with timeless monochromatic styling, underfloor heating and a luxuriously deep freestanding bathtub. An additional powder room adds further convenience.
Comprehensive upgrades have been implemented throughout, including double-glazed windows, ducted central heating and cooling, and LED lighting, enhancing both comfort and energy efficiency. Spotted Gum flooring adds warmth and depth, complementing the home's refined aesthetic.
Further enhancing the amenity of the property is a versatile workshop or utility space on the lower level, along with approved plans for a separate unit (STCA). A lined garage with EV charging capability and additional off-street parking provide practical everyday convenience.
Surrounded by low-maintenance, landscaped gardens, the home enjoys direct access to nearby bushwalking trails, offering a rare sense of privacy and connection to nature. Positioned within close proximity to excellent schools, UTAS, Hill Street Grocer, Sandy Bay Village, local cafes, public transport and the beaches of Lower Sandy Bay, this is an exceptional opportunity to secure a quality residence in an enviable lifestyle location.
*This property is currently tenanted. The photographs shown were taken prior to the commencement of the tenancy or at an earlier time and may not reflect its current presentation.
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 5,857 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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