98 Molle StreetWest Hobart TAS 7000
Property Details for 98 Molle St, West Hobart
98 Molle St, West Hobart is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 168m2 and floor size of 232m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 3 bedroom House sold in West Hobart in the last 12 months.
Last Listing description (July 2025)
Positioned in the heart of West Hobart and just five minutes from the Hobart CBD, 98 Molle Street is a premium dual income-generating property designed for the savvy investor or lifestyle buyer seeking flexibility and strong returns. Behind its modest façade lies a renovation that is nothing short of extraordinary-every detail meticulously executed, every finish top-tier. Upstairs, the two-bedroom residence showcases a designer bathroom fitted with luxury fixtures, and a fully renovated kitchen complete with integrated fridge, freezer, and dishwasher. The space is light-filled, stylish, and immediately comfortable-ideal for premium short-stay guests, executive tenants or an opportunity to live in luxury whilst receiving a very healthy passive income.
Below, the former garage has been transformed into a self-contained one-bedroom apartment that feels more like a boutique retreat. Underfloor heating flows through the tiled areas, while the kitchen and bathroom mirror the same high-end finish as the upper level. A generous living space adds to the sense of scale and quality, creating a luxurious environment that guests will return to again and again.
West Hobart's charm and liveability make it one of the most sought-after locations in Tasmania. Moments from acclaimed eateries like The Pigeon Hole, West Side Laundry Café and WunderBar, the property also enjoys direct access to the scenic Hobart Rivulet Track-offering the perfect blend of nature and lifestyle just minutes from the city.
Importantly, this property places you right at the heart of Hobart's booming tourism calendar. Annual headline events such as the Taste of Summer, the Sydney to Hobart Yacht Race, MONA FOMA, and Dark Mofo draw consistent visitor demand all year round. With short-stay accommodation in Hobart achieving average occupancy rates of 74% and strong nightly returns, 98 Molle Street represents a powerful investment proposition. Fully utilising both residences for Airbnb or short stays could deliver a gross income in excess of $150,000 per annum, while living in one and leasing the other offers a passive income of approximately $75,000.
Whether you're entering the short-stay market or adding to a high-performing portfolio, this stunning dual income-generating property delivers the perfect combination of luxury, location, and long-term profitability.
Property History for 98 Molle St, West Hobart, TAS 7000
- 29 Jun 2025Sold for $1,460,000
- 06 Jun 2025Listed for Sale Sold For $1,460,000.00
- 20 Dec 2022Sold for $1,100,000
Recent sales nearby
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0About West Hobart 7000
The size of West Hobart is approximately 3.9 square kilometres. It has 8 parks covering nearly 35.4% of total area. The population of West Hobart in 2016 was 5953 people. By 2021 the population was 6525 showing a population growth of 9.6% in the area during that time. The predominant age group in West Hobart is 20-29 years. Households in West Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Hobart work in a professional occupation.In 2021, 63.40% of the homes in West Hobart were owner-occupied compared with 62.30% in 2016.
West Hobart has 2,949 properties. Over the last 5 years, Houses in West Hobart have seen a 24.22% increase in median value, while Units have seen a 31.48% increase. As at 30 November 2025:
- The median value for Houses in West Hobart is $1,001,397 while the median value for Units is $702,040.
- Houses have a median rent of $630 while Units have a median rent of $485.
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