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Off Market

1/137 King St

Sandy Bay TAS 7005

1
1
1
53 m²
Unit
Last sold for $425,000
Nick CowleyNick Cowley, last sold this property on 09 February 2026 after 21 days on market.

Overview

Location. Investment. Opportunity.

Positioned in one of Hobart's most tightly held and high-demand locations, this one-bedroom unit at 1/137 King Street, Sandy Bay presents a compelling opportunity for investors seeking strong fundamentals and location-driven performance. Built in 1995, the property offers a practical open-plan kitchen and living area, a layout that consistently appeals to tenants and supports reliable rental demand. The spacious bedroom includes a built-in wardrobe, maximising storage and functionality, while the combined bathroom/laundry is efficiently designed with a shower-bath, vanity, toilet, and allocated laundry space. A key investment advantage is the off-street parking and excellent public transport access, with a bus stop directly across the road-features that broaden tenant appeal and reduce vacancy risk. The real strength of this property lies in its exceptional Sandy Bay location. Just minutes from Hobart's CBD, the unit is surrounded by major lifestyle and economic drivers including prestigious schools, the University of Tasmania precinct, Sandy Bay's retail and café strip. Thus proximity underpins consistent tenant demand and long-term capital growth potential. Set in a quiet complex within a blue-chip suburb, the property is ideally suited to investors seeking a low-maintainance asset in a proven growth corridor, with strong appeal to professionals, students, and downsizes alike. Rental Appraisal: Approx. $400 per week (5.26% Gross rental yield) Council Rates: Approx. $406 per quarter Water Rates: Approx. $265 per quarter Body Corporate: Approx. $491 per quarter

Features

1 bedroom
1 bathroom
1 carspace
1 open car space
53 m² floor area
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Sandy Bay over the last 12 months, the estimated median property value of 1/137 King St is $400k.

Median value
$400k
Estimated value range
$291k - $605k
Median days on market
20
Estimated value trend
-10%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Sandy Bay. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/137 King St

2026
Sold
$425,000
09 Feb 2026 by Nick Cowley, of South Property Group
2018
Rented
Undisclosed
Leased on 18 Mar 2018 by Baxton Property Management Sandy Bay7005

Happy sellers in Sandy Bay

69%
69% of sellers in Sandy Bay reported that their sale price either exceeded or met their price expectations.

Sandy Bay stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 38 reviews in Sandy Bay over the last 12 months.

Local market activity for 1 bedroom units in Sandy Bay

In the last 12 months, 9 one-bedroom units similar to 1/137 King St, have been sold.

This represents a 28% decrease in one-bedroom units sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Sandy Bay

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Phoebe Nothling

Sellers who recommend Phoebe Nothling have praised them for being clear communication, local expert, friendly, responsive, supportive, honest and pleasant

  •   4.9   (162 reviews)
  •  9 Reviews in Sandy Bay
  •  10 Sales in Sandy Bay
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Rob Henry

Rob Henry is a recommended agent for Sandy Bay.  They have 11 local sales and collected 7 local reviews across the last 12 months.

  •   4.9   (71 reviews)
  •  7 Reviews in Sandy Bay
  •  11 Sales in Sandy Bay
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Georgie Rayner

Georgie Rayner is a recommended agent for Sandy Bay.  They have 5 local sales and collected 5 local reviews across the last 12 months.

  •   4.9   (47 reviews)
  •  5 Reviews in Sandy Bay
  •  5 Sales in Sandy Bay
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Harry Coomer

Sellers who recommend Harry Coomer have praised them for being clear communication, local expert, responsive, supportive, honest, friendly and reliable

  •   4.9   (1082 reviews)
  •  5 Reviews in Sandy Bay
  •  5 Sales in Sandy Bay
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