Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

1/42 Forster Street, New Town TAS 7008

Offers Over $595,000

Search Band Search Visibility Band

$595k - $625k Transparent Transparent Listing Based on an openly advertised listing price.

Townhouse 2 Beds 1 Bath 2 Cars

Listed: 10 days ago

Updated: 13 hours ago

Overview

Located in the highly convenient and central area of New Town, this two-level brick veneer townhouse built in 1996 maximises natural light and warmth by capitalising on all-day sun exposure. The property’s well-considered design fosters a comfortable and flexible lifestyle, ideal for residents seeking a blend of functionality and ease of living.

The ground floor offers a generous open plan kitchen, dining, and living space where natural light enhances the atmosphere, making it suitable for relaxed living and entertaining. The kitchen includes ample storage, supporting practical meal preparation. Complementary amenities such as a separate powder room and internal laundry add to the practical daily convenience of the layout.

A separate versatile room on the lower level provides the flexibility to serve as a home office, study, or guest retreat, with the possibility—subject to alterations and approvals—of conversion into a third bedroom. Upstairs, both bedrooms are notably spacious, with one featuring built-in wardrobe storage that optimises organization. The main bathroom upstairs benefits from separate bath and shower facilities, catering comfortably to household needs.

Year-round comfort is ensured by three reverse cycle air conditioners strategically placed: one in each bedroom and one servicing the downstairs living area, creating a climate-controlled environment tailored throughout the home.

The low-maintenance garden offers convenience for those who value outdoor space without demanding extensive upkeep, while two off-street parking spaces, including a covered carport, offer practical and secure vehicle accommodation—an appealing feature in a central location.

The property’s location is a significant benefit, with New Town Plaza and local shops within easy walking distance. The popular dining precincts of North Hobart and Moonah are nearby, enhancing lifestyle options, while Hobart's CBD lies just a six to seven-minute drive away, ensuring accessibility to work, dining, and essential services.

Currently leased through to 26 January 2027 at $530 per week, the townhouse presents an established income stream for investors from settlement, combining investment stability with high lifestyle appeal.

Two spacious bedrooms providing comfortable living quarters
Flexible additional room that could serve as an office, study, guest quarters, or potential third bedroom subject to approval
Three reverse cycle air conditioners providing efficient climate control throughout the home
Open plan living spaces enhancing natural light and connectivity
Main bathroom plus well-placed downstairs powder room for added convenience
Low maintenance garden facilitating simple outdoor enjoyment
Two off-street parking spaces, inclusive of a covered carport
Central New Town location with excellent proximity to amenities and Hobart CBD
Current tenancy in place providing immediate rental return

Local Market Insights

In Hobart, Quiet Listings observed 12 new townhouses entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $848,250. The property type mix of listed properties is predominantly Houses at 64%, followed by units (15%), and land (13%). The most active agency for townhouses in the Hobart area is currently Petrusma Property – Sandy Bay, representing 58% of new listings, followed by Fall Real Estate with 17%. 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.