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Back 15 Cressy Street
Off Market

15 Cressy Street

New Town TAS 7008

2
1
3
107 m²
785 m²
House
Last sold for $675,000
Nick CowleyNick Cowley, last sold this property on 09 September 2025 after 22 days on market.

Overview

Potential. Location. Investment.

Currently tenanted until April 2026 and set on a substantial 785 m² (approx.) block, 15 Cressy Street, New Town offers a rare and exciting opportunity for investors, developers, or savvy buyers seeking both immediate rental potential and long-term capital growth. This is a property that combines liveability with enormous scope, perfect for those looking to maximise their portfolio in a blue-chip Hobart suburb. The existing home is a solid, two-bedroom residence featuring a functional layout, single carport off-street parking, and generous outdoor space. Neat and well-maintained, provides stress free management and maintenance of the property. The real highlight, however, is the size and versatility of the block. With such a large parcel of land in a residential setting, there's plenty of space to extend the current home, add a granny flat or second dwelling, or consider a full multi-residential development (STCA). The wide frontage and level land make planning and access straightforward, offering multiple pathways to add value and boost return on investment. Located in the heart of New Town, the property enjoys easy access to local schools, shopping centres, public transport, and parklands, all while being just minutes from Hobart's CBD. This strong lifestyle appeal translates directly into consistent rental demand and long-term growth potential. Whether you're looking to renovate, extend for dual income, or undertake a larger development project (STCA), this is a property that offers the flexibility and location to deliver strong results. - Council Rates – $575 per quarter (approx.) - Water Rates – $360 per quarter (approx.) - Weekly Rental Amount –$465 per week - Lease End Date – 03/04/2026 - Zoning - Inner Residential

Features

2 bedrooms
1 bathroom
3 carspaces
1 carport space
2 open car spaces
107 m² floor area
785 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in New Town over the last 12 months, the estimated median property value of 15 Cressy Street is $675k.

Median value
$675k
Estimated value range
$640k - $860k
Median days on market
21
Estimated value trend
-6%
decrease 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 15 Cressy Street

2025
Sold
$675,000
09 Sep 2025 by Nick Cowley, of South Property Group

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 houses in New Town

In the last 12 months, 6 two-bedroom houses similar to 15 Cressy Street, have been sold.

This represents a 23% increase in two-bedroom houses 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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