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10/7 Derwentwater Avenue, Sandy Bay$605,000
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10/7 Derwentwater Avenue

Sandy Bay, TAS 7005, Australia
$605,000
2 bed 1 bath 1 car282 m²

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About this property

Think it. Set in one of Sandy Bay's most tightly held pockets, this solid brick unit offers a rare opportunity to secure a low-maintenance property just moments from the waterfront, the University of Tasmania and the vibrant Sandy Bay shopping precinct. Positioned privately within a small complex, it delivers the lifestyle buyers are seeking in a location that continues to show strong long-term demand. Know it. Inside, the home offers a practical and comfortable layout with a light-filled living area capturing leafy street outlooks through a large bay window. The kitchen is neat and functional with ample storage and bench space, while two well-proportioned bedrooms are serviced by a central bathroom incorporating laundry facilities. Outside, a generous paved courtyard provides valuable outdoor space rarely found in similar units, along with convenient off-street parking. The property is currently tenanted on a non-fixed lease at $440 per week, offering flexibility for both investors seeking immediate rental income or buyers looking to occupy in the future. Own it. Whether you are looking to enter the Sandy Bay market, secure a smart investment close to the university, or add value over time, this property represents an opportunity in a location where demand consistently outpaces supply. With its solid construction, private outdoor space and unbeatable proximity to the water, shops and cafés, this is a property that will always be in demand. *Please note - some images have been digitally staged with furniture for illustrative purposes only and may not accurately represent the scale or dimensions of the rooms. Un-staged images of the property are available on request.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
282 m²
Listed
3 months ago

Repayment calculator

$2,933/month
$1,467 /fortnight
Loan $484,000 at 6.10% over 30 years

Upfront costs

Deposit$121,000
Stamp duty$22,710
Conveyancing (est.)$2,000
Total upfront$145,710
Verify with TAS revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Sandy Bay

This 2-bedroom apartment in Sandy Bay, TAS 7005 sits within reach of public transport, local shops and nearby schools. It is listed 36% below the $950,000 median of 54 comparable apartmentswithin 5 km.

Schools near Sandy Bay

  • Fahan Schoolcombined · Prep-12 · Girls
  • Mount Carmel Collegecombined · Prep-10 · Girls
  • The Hutchins Schoolcombined · Prep-12 · Boys
  • Princes Street Primary Schoolprimary · K-6 · CoEd
  • Sandy Bay Infant Schoolprimary · K-2 · CoEd
  • Waimea Heights Primary Schoolprimary · K-6 · CoEd

What's nearby

  • Nelson Rd (Lwr Queenborough) (bus)271 m away
  • Derwent Boat Sales633 m away
  • Unnamed604 m away
  • Unnamed605 m away
  • Unnamed619 m away

Sandy Bay at a glance

Full suburb profile
Population
12,315
Median age
39
Household income
$1,915/wk
Median rent
$418/wk
Median mortgage
$2,167/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Sandy Bay price trend

Median sold · Unit 2 bed

Compound growth -1.7% / yr over 4 yrs

$658kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

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