1/31 Hillborough Rd, South Hobart is a 2 bedroom, 2 bathroom Unit and was built in 1972. The property has a land size of 89m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in October 2009.
Located in an elevated South Hobart position, moments from the historic Cascade Brewery precinct, 1/31 Hillborough Road presents a rare and refined dual income opportunity, commanding sweeping views across the valley toward Kunanyi / Mount Wellington and out to the city skyline and River Derwent. Comprising two fully self contained one bedroom, one bathroom residences under the one roof, each with its own kitchen, bathroom, laundry and private entry, this is an offering of genuine flexibility and enduring appeal.
The upper residence is accessed via a private external staircase, opening into a light filled living and dining space framed by a striking frosted glass window. The kitchen makes a bold statement with a vivid orange feature wall, while the window above the sink delivers an uninterrupted outlook to Kunanyi / Mount Wellington. The bedroom offers a peaceful retreat with plantation shutters, a ceiling fan and built in wardrobing, while the bathroom is concealed behind a dramatic black barn style sliding door and finished with a rain shower and timber topped vanity.
The lower residence carries its own distinct character, anchored by a striking graffiti glass splashback kitchen with timber benchtop and an inviting living space clad in raw OSB panelling with a window seat framing the bush clad hills beyond. The bedroom is well appointed with built in sliding storage and a versatile desk nook, complemented by an ensuite style bathroom finished with a floating vanity, terrazzo splashback and integrated laundry.
For the astute investor, this is a rare opportunity to secure two independent rental incomes from the one title, subject to the usual approvals. For the owner occupier, the configuration lends itself beautifully to multigenerational living, or the flexibility to occupy one residence while the other helps offset the mortgage.
Set among established gardens with a generous lawn and sweeping valley views, this is an address that delivers both lifestyle and long term financial reward in one of Hobart's most desirable enclaves, only minutes from South Hobart village and the CBD.
Thinking of selling your home?
Contact me, Natalie Downton, a 4-time winner of Number 1 Sales Agent in Australia. With a proven track record of success, unparalleled local knowledge and a passion for achieving outstanding results. Reach out today to discuss how I can assist in getting the best possible outcome for your property.
The size of South Hobart is approximately 9.2 square kilometres. There are 7 parks, covering nearly 9.0% of the total area. The population of South Hobart in 2016 was 5313 people. By 2021 the population was 5886 showing a population growth of 10.8% in the area during that time. The predominant age group in South Hobart is 20-29 years. Households in South Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Hobart work in a professional occupation.In 2021, 63.70% of the homes in South Hobart were owner-occupied compared with 63.40% in 2016.
South Hobart has 2,661 properties. Over the last 5 years, Houses in South Hobart have seen a 5.62% increase in median value, while Units have seen a 14.22% increase. As at 31 July 2026:
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