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511//1 Sandy Bay Road, Hobart TAS 7000

Offers Over $420,000

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$420k - $441k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 1 Bed 1 Bath 48 m² 48 m²

Listed: 2 days ago

Updated: 2 hours ago

Overview

Situated on the top floor of a carefully maintained Art Deco building in central Hobart, this fully furnished one-bedroom apartment offers a rare combination of restful living space and strong investment potential. The apartment enjoys a captivating vista over Hobart’s CBD extending towards the peaceful precinct of West Hobart, providing an inspiring urban outlook made all the more attractive by the building's architectural character dating back to 1928.

Expertly managed by a trusted accommodation group, this property consistently delivers strong and growing returns, appealing to savvy investors looking to capitalise on the booming demand for quality central Hobart accommodation. The management aspect alleviates the hassles of day-to-day oversight, allowing owners to benefit from a hands-off investment with steady income.

Besides its investment appeal, the apartment offers flexibility as it can be potentially rezoned for personal residential use, making it an ideal city base or convenient retreat especially suited for those who visit Hobart regularly from interstate.

Location is a key strength, positioned directly opposite the tranquil St David’s Park, and within easy walking distance to iconic Battery Point, Salamanca Place, the waterfront precinct, and the broader Hobart CBD. This proximity ensures unmatched lifestyle convenience, supporting a walkable lifestyle with no real need for a car.

Fully furnished and managed accommodation, easing tenancy and maintenance concerns.
Potential for conversion to personal residence (subject to council approval).
Close to neighbourhood cultural and culinary hotspots, ideal for both investors and residents.
Character-filled Art Deco design offering distinctive appeal.

The apartment is also equipped with reverse cycle air-conditioning for year-round comfort and benefits from manageable council rates, water charges, and body corporate fees, reflecting the care involved in communal building upkeep and amenities.

This property presents a distinctive investment opportunity that balances the pleasures of city living with financial return, set within one of Tasmania's most vibrant precincts.

Local Market Insights

In Hobart, Quiet Listings observed 6 new apartments entering the market over the last 30 days, with an average advertised asking price of $425,833. The property type mix of listed properties is predominantly Houses at 58%, followed by units (15%), and apartments (13%). The most active agency for apartments in the Hobart area is currently EIS Property, representing 33% of new listings, followed by Petrusma Property – Sandy Bay 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.