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Back 11/5 Marsh Street
Off Market

11/5 Marsh Street

New Town TAS 7008

2
1
1
62 m²
79 m²
Unit
Nathan FreeNathan Free, last sold this property on 21 October 2025 after 22 days on market.

Overview

Prime New Town Investment - Strong Returns & Secure Tenancy

Positioned in the heart of New Town, this two-bedroom upstairs unit is an outstanding set-and-forget investment. Built in 1972 with a floor area of 62m², it is secured with a lease through until 29th November 2026 at $420 per week, offering both excellent returns and long-term certainty. The unit is well maintained and designed for practical, low-maintenance living. Both bedrooms are fitted with built-in robes, the layout is light and functional, and the property includes the convenience of off-street parking. Its elevated position provides natural light and privacy, while the location ensures ongoing tenant demand. New Town's cafés, shopping precincts and services are within walking distance, with quality schools and public transport close by, and Hobart's CBD just minutes away. With a strong rental return, secure tenancy in place, and one of Hobart's most sought-after suburbs as its backdrop, this is a property investors won't want to miss. Key details: • Upstairs unit with natural light and privacy • Off-street parking • Built-in robes • Walking distance to New Town shopping precincts • Lease secured until 29th November 2026 at $420 per week • Council rates $1,463 pa approx. • Body Corporate $2,000 pa approx.

Features

2 bedrooms
1 bathroom
1 carspace
1 open car space
62 m² floor area
79 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in New Town over the last 12 months, the estimated median property value of 11/5 Marsh Street is $455.5k.

Median value
$455.5k
Estimated value range
$365k - $700k
Median days on market
24
Estimated value trend
0%
increase over the last 12 months
Average days on market is based on recent, comparable sales in New Town. 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 11/5 Marsh Street

2025
Sold
Undisclosed
21 Oct 2025 by Nathan Free, of EIS Property Hobart

Happy sellers in New Town

88%
88% of sellers in New Town reported that their sale price either exceeded or met their price expectations.

New Town stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 28 reviews in New Town over the last 12 months.

Local market activity for 2 bedroom units in New Town

In the last 12 months, 11 two-bedroom units similar to 11/5 Marsh Street, have been sold.

This represents a 32% increase in two-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 New Town

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Nick Morgan

Sellers who recommend Nick Morgan have praised them for being clear communication, local expert, responsive, honest, friendly, supportive and dedicated

  •   5   (263 reviews)
  •  10 Reviews in New Town
  •  10 Sales in New Town
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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   (1083 reviews)
  •  4 Reviews in New Town
  •  5 Sales in New Town
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Kate Clark

Sellers who recommend Kate Clark have praised them for being clear communication, local expert, responsive, empathetic, friendly, honest and hard-working

  •   4.9   (74 reviews)
  •  3 Reviews in New Town
  •  3 Sales in New Town
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Jules Hamilton

Jules Hamilton is a recommended agent for New Town.  They have 3 local sales and collected 2 local reviews across the last 12 months.

  •   5   (11 reviews)
  •  2 Reviews in New Town
  •  3 Sales in New Town
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