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6 Kingsley Avenue, Sandy Bay TAS 7005

$1,195,000 +

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$1.2M - $1.25M Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 3 Baths 703 m² 174 m²

Listed: 15 days ago

Updated: 10 hours ago

Overview

This house at 6 Kingsley Avenue, located in the highly regarded Sandy Bay suburb, offers an exceptional investment opportunity complemented by a flexible living arrangement. The property has been successfully operated as an income-generating asset, with the upper section functioning as an Airbnb since 2021, and currently holds an Airbnb licence—a valuable entitlement given the anticipated council regulations that may impose higher licensing costs from mid-2026 onward.

The residence consists of four bedrooms and three bathrooms, with the upper level providing three bedrooms and two bathrooms accompanied by stunning water views. This setup not only generates significant rental income but also enables a separate, versatile living space on the ground floor which is presently rented privately at a below-market rate on a month-to-month basis. This dual-income potential is supported by projections estimating around $95,000 in combined income for the 2026/27 period.

The design lends itself to various lifestyle options, whether for multi-family living, accommodating guests, or maximizing rental returns. The separate access downstairs area is ideal for family members or continued rental income, while the upper floor serves as a beautiful primary living area with remarkable views.

Sandy Bay is noted as one of Tasmania's premier suburbs with a median house price around $1,300,000. The area enjoys close proximity to Hobart's CBD and entertainment precincts such as Salamanca, alongside lifestyle amenities including local shopping, cafes, beaches, casinos, and reputable schools.

Hobart itself is benefiting from substantial infrastructure investment exceeding $30 billion, ensuring economic confidence and growth prospects. Environmental sustainability is a key regional focus, highlighted by Tasmania’s achievement of 100% renewable electricity generation in 2020, adding to the attraction of living in or investing in this area.

Local Market Insights

In Sandy Bay, Quiet Listings observed 25 new houses entering the market over the last 30 days, up from 6 during the previous 30-day period, with an average advertised asking price of $1,487,560. The property type mix of listed properties is predominantly Houses at 60%, followed by units (12%), and land (12%). The most active agency for houses in the Sandy Bay area is currently Petrusma Property – Sandy Bay, representing 36% of new listings, followed by EIS Property with 24%. 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.