64 Derwentwater AvenueSandy Bay TAS 7005
Property Details for 64 Derwentwater Ave, Sandy Bay
64 Derwentwater Ave, Sandy Bay is a 11 bedroom, 11 bathroom Unit with 6 parking spaces and was built in 1961. The property has a land size of 1171m2 and floor size of 432m2. While the property is not currently for sale or for rent, it was last sold in August 2016.
Last Listing description (August 2016)
Harcourts Hobart, on behalf of the University of Tasmania, is offering this outstanding development or investment opportunity situated right in the heart of popular Sandy Bay.
On offer are twelve units on two separate titles currently leased as student accommodation returning approx. $109,000 per annum. With the option to retain as a high yielding income property or the possibility to stratum title each unit, the development potential for the property is significant (STCA).
The complex is configured into six one bedroom units and six bedsit units over three levels on a corner allotment with access from both Churchill Avenue and Derwentwater Avenue. Off-street parking for up to six cars with further potential for parking available.
Expressions of Interest closing 1st August 2016 at 5pm.
Property History for 64 Derwentwater Ave, Sandy Bay, TAS 7005
- 10 Aug 2016Sold for $1,600,000
- 08 Jul 2016Listed for Sale EOI - Closing 1st August 2016 @ 5pm
- 07 Feb 2012Sold for $1,250,000
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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 7.09% increase in median value, while Units have seen a 13.27% increase. As at 30 April 2026:
- The median value for Houses in Sandy Bay is $1,267,762 while the median value for Units is $683,008.
- Houses have a median rent of $755 while Units have a median rent of $520.
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