Back 17 McKellar Street
Off Market

17 McKellar Street

South Hobart TAS 7004

3
2
2
102 m²
696 m²
House
Todd PepperTodd Pepper, last sold this property on 30 May 2024 after 113 days on market.

Overview

Amazing CBD Development Opportunity

17 McKellar Street presents an amazing CBD development opportunity. This 696m2 sloping lot with two street frontages offers the potential to develop two modern properties. The current property on the upper portion of the land would need to be removed, providing a blank slate for development. One option could be to create strata title properties with access from Liverpool Street at the rear boundary and McKellar Street from the current entrance. The location of McKellar Street offers convenience and easy commuting into the centre of Hobart's CBD via the Hobart Rivulet track. This popular and picturesque street adds to the appeal of the property. Central development opportunities like this are rare, making this property an exciting prospect for those looking to expand their portfolio or capitalise on the current popularity of South Hobart. The current dwelling is perfectly liveable and is being utilised as such. It offers 3 bedrooms, kitchen, living area and bathroom with a large detached storage area with plumbing connected. _____________________________________________________________________________ Disclaimer: This information has been carefully compiled and is not intended to be treated as a warranty or promise as to the correctness of the information. Interested parties should undertake independent enquiries and investigations to satisfy themselves that any details herein are true and correct. The author makes no claim as to the accuracy of the information within and does not intend it to be legally binding. All other responsibilities disclaimed. Information contained herein on specific properties has been provided by the vendor, by the authorities, or by third party providers. It is subject to the final contract and interested parties must make their own separate enquiries to verify and ensure accuracy of the information herein.

Features

3 bedrooms
2 bathrooms
2 carspaces
1 carport space
1 open car space
102 m² floor area
696 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in South Hobart over the last 12 months, the estimated median property value of 17 McKellar Street is $851k.

Median value
$851k
Estimated value range
$650k - $1.2m
Median days on market
31
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Hobart. 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 17 McKellar Street

2024
Rented
Undisclosed
Leased on 16 Oct 2024 by Nest Property - Hobart
2024
Sold
Undisclosed
30 May 2024 by Todd Pepper, of Nest Property - Hobart

Happy sellers in South Hobart

90%
90% of sellers in South Hobart reported that their sale price either exceeded or met their price expectations.

South Hobart stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

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

Local market activity for 3 bedroom houses in South Hobart

In the last 12 months, 29 three-bedroom houses similar to 17 McKellar Street, have been sold.

This represents a 31% decrease in three-bedroom houses sales when compared to the previous 12 months.

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