A waterside investment in sought-after Sandy Bay

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14/482 Sandy Bay Road, Sandy Bay TAS 7005

Buyers In The $770,000+ Range

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$770k - $809k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 2 Beds 1 Bath 1 Car 8 m² 75 m²

Listed: 2 days ago

Updated: 7 hours ago

Overview

Located in the prestigious Manning Reef apartment complex on the tranquil banks of the River Derwent, this two-bedroom apartment offers a unique blend of location, convenience, and investment potential in sought-after Sandy Bay.

The apartment's established tenancy, with a lease securing rental income until early 2028, makes it an attractive prospect for investors seeking immediate returns. The inclusion of undercover parking and access to communal laundry facilities caters to practical living needs while maintaining minimal upkeep.

Residents and visitors are welcomed by a stylish communal foyer featuring comfortable lounge seating and an automatic entrance door, enhancing the sense of community and security. The riverside positioning underscores the property's appeal, providing quick access to nearby beaches and parklands which encourage outdoor leisure activities.

Sandy Bay's vibrant retail and dining precincts are just a short distance away, complemented by convenient public transport options and straightforward access to Hobart’s city centre. This combination of natural beauty and urban convenience underpins the apartment's lifestyle benefits and investment appeal.

Two bedrooms and a well-appointed bathroom provide comfortable living spaces.
The property is currently tenanted, ensuring consistent rental income.
Undercover parking safeguards your vehicle against the elements.
Shared laundry facilities enhance day-to-day convenience.
The welcoming communal foyer fosters a friendly environment and security.
Proximity to water, parks, shops, and public transport supports an active and connected lifestyle.

Local Market Insights

In Sandy Bay, Quiet Listings observed 3 new apartments entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $608,333. The property type mix of listed properties is predominantly Houses at 60%, followed by units (12%), and land (12%). The most active agency for apartments in the Sandy Bay area is currently Arkley & Co, representing 33% of new listings, followed by PRD Nationwide with 33%. 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.