59-61 York Street, Sandy Bay, TAS 7005 | Property Value & History | OnTheHouse
OFF MARKET

59-61 York Street
Sandy Bay TAS 7005

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 105m2
Land area: 780m2
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Property Details for 59-61 York St, Sandy Bay

59-61 York St, Sandy Bay is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1935. The property has a land size of 780m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in August 2017.

Building Type
Unit
Year Built
1935
Floor Size
105m2
Land Size
780m2
Local Government
Hobart
Lot/Plan
1/59116

Last Listing description (August 2017)

Buy one or buy both! On offer is an almost unheard of opportunity to acquire either one or both of these generously proportioned co-joined homes. Perfectly positioned in a sought after pocket of Sandy Bay, these could make an impressive addition to your investment portfolio. Set across two titles, each dwelling comprises two separate apartments each allocated fifty percent of the 782m2 north facing allotment they are positioned on.
59 York Street:
The total floorplan of 59 York Street is 165m2 separated into two separate dwellings. Like 59, the upper level accommodates a kitchen and spacious living and dining room, three double bedrooms (one with BIR), a fourth bedroom or sunroom/study and a central bathroom and combined laundry.

The lower level consists of a bedsit apartment with a bathroom, laundry facilities and a north facing living area. The combined rental income of 59 York Street is currently $510 per week.
61 York Street:
The total floor area of 61 York Street is 172m2 separated into two separate dwellings. The upper level accommodates a kitchen and spacious living and dining room, three double bedrooms (one with BIR) a fourth bedroom or sunroom/study and a central bathroom and combined laundry.
The lower level offers a two bedroom apartment with open plan living, dining and kitchen in addition to a bathroom and laundry facilities. The combined rental income of 61 York Street is currently $610 per week.
Fit for purpose and perfectly suited to their current use, you could add these properties to your portfolio as is, or alternatively renovate or upgrade to further increase the weekly rental return. There is of course also an extraordinary opportunity to purchase both dwellings and convert them to one substantial family home on an impressive allotment (STCA). Close to the York Street Store, public transport, UTas, local schools and the cafes and restaurants of Sandy Bay, with an unsurpassed location, the potential for these offerings is unlimited.

Property History for 59-61 York St, Sandy Bay, TAS 7005

A timeline of how this property has performed in the market
Last Sold
$1,111,000
28 Aug 2017
Listed for Rent
$360/w
29 Jan 2015
  • 28 Aug 2017
    Sold for $1,111,000
  • 19 Jun 2017
    Listed for Sale Buyers looking in the $495,000+ (each) price range
  • 13 Jan 2015
    Listed for Rent - Price not available
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About 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 5,849 properties. Over the last 5 years, Houses in Sandy Bay have seen a 18.77% increase in median value, while Units have seen a 20.40% increase. As at 31 December 2025:

  • The median value for Houses in Sandy Bay is $1,304,733 while the median value for Units is $691,289.
  • Houses have a median rent of $623 while Units have a median rent of $500.
There are currently 12 properties listed for sale, and 11 properties listed for rent in Sandy bay on OnTheHouse. According to Cotality's data, 248 properties were sold in the past 12 months in Sandy bay.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.