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Overview
Secure Sandy Bay Investment – Tenant in Place Until 2026, No Strata Fees
This exceptional opportunity offers a low maintenance investment in the highly sought-after suburb of Sandy Bay. The property is a two-bedroom unit, one of only three in a boutique complex, designed to maximize returns with the advantage of no strata fees.
Situated privately on the corner of Red Chapel Avenue, the unit boasts panoramic views of the river and city, enhanced by abundant natural light. The location is highly convenient, with bus stop 18 directly at the doorstep, providing excellent transport connectivity.
The interior features a modern kitchen equipped for everyday living, complemented by a renovated bathroom and a separate powder room for added convenience. The spacious living area is sun-filled, creating a welcoming and comfortable environment. Both bedrooms include built-in robes, offering practical storage solutions.
Additional storage is well catered for with a separate laundry area, substantial under-house garage storage, and a carport with undercover access, ensuring ample space for vehicles and belongings.
Key investor benefits include:
- Tenant secured until October 2026, providing stable rental income
- No strata fees, enhancing investment returns
- Exclusive small complex of three units, offering privacy and exclusivity
- Prime Sandy Bay location, known for its high demand and desirability
- Strong transport links, facilitating easy access to the city and surrounding areas
- Close proximity to the University, local shops, and the beach, adding lifestyle appeal
- A set-and-forget investment in one of Hobart’s most consistently sought-after suburbs
This property represents a sound investment opportunity for those seeking a secure and manageable asset in a premium location.
Local Market Insights
In Hobart, Quiet Listings observed 15 new units entering the market over the last 30 days, down from 24 during the previous 30-day period, with an average advertised asking price of $657,867. The property type mix of listed properties is predominantly Houses at 64%, followed by land (11%), and units (10%). Slate Estate Agents was the most active agency in this area, representing 83.3% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| Offers Over $650,000 | |
| Offers Over $665,000 | |
| Offers Over $660,000 |
Location
Sandy Bay TAS 7005
Market Insights for Sandy Bay TAS 7005
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