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2/38 Oldham Avenue, New Town$385,000
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For Saleapartment

2/38 Oldham Avenue

New Town, TAS 7008, Australia
$385,000
1 bed 1 bath 1 car70 m²

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About this property

Positioned for convenience and long-term investment security, this solidly constructed ground floor unit presents an outstanding opportunity for investors seeking a low-maintenance asset in a highly accessible location. Built in 1972 from durable masonry brick, the property is one of just five units in a well-maintained complex, offering a sense of privacy and stability. The home features level access and a functional floorplan comprising a neat, well-presented kitchen, comfortable living area, a queen-sized bedroom with built-in robe, and a combined bathroom and laundry. Adding further appeal, the property includes a designated off-street car space and a separate storage room on title, providing practical everyday convenience. An active body corporate is in place to oversee the management and upkeep of the building and common grounds, ensuring the complex remains well presented. Currently tenanted at $385 per week until February 2027, the property offers immediate rental income and long-term tenancy security. Please note, vacant possession is not available prior to the end of the lease. Ideally located just minutes from the intercity cycleway, local hockey grounds, and the popular foreshore of Cornelian Bay, and only approximately 3km from the Hobart CBD, this is a prime position that continues to attract strong tenant demand. A smart addition to any investment portfolio, combining solid construction, a tightly held complex, and an exceptionally convenient location. Inspection by appointment, call today.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Land Area
70 m²
Listed
3 months ago

Repayment calculator

$1,866/month
$933 /fortnight
Loan $308,000 at 6.10% over 30 years

Upfront costs

Deposit$77,000
Stamp duty$13,360
Conveyancing (est.)$2,000
Total upfront$92,360
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 New Town

This 1-bedroom apartment in New Town, TAS 7008 sits within reach of public transport, local shops and nearby schools. It is listed 57% below the $895,000 median of 52 comparable apartmentswithin 5 km.

Schools near New Town

  • Sacred Heart Collegecombined · Prep-10 · CoEd
  • New Town Primary Schoolprimary · K-6 · CoEd
  • Hobart City High School Sub-Campussecondary
  • BlendED Nationalspecial

What's nearby

  • Park St Stop 15 In (bus)241 m away
  • Coles704 m away
  • Swanston Street Playground371 m away
  • Unnamed540 m away
  • Unnamed802 m away

New Town at a glance

Full suburb profile
Population
6,781
Median age
38
Household income
$1,596/wk
Median rent
$340/wk
Median mortgage
$1,771/mo

Source: ABS Census.

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Suburb market

Suburb price trend

New Town price trend

Median sold · Unit 1 bed

$390kcurrent median

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Price history

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1 price change recorded for this property

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