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Back 2/251 Macquarie Street
Off Market

2/251 Macquarie Street

Hobart TAS 7000

1
1
4
84 m²
267 m²
Unit
Last sold for $655,000
Matt CarneMatt Carne, last sold this property on 15 August 2025 after 137 days on market.

Overview

Inner City Pad with Development Opportunities!

Perfectly located on the edge of the city is this versatile property that offers an array of opportunities to the savvy buyer. Located just a few minute's walk to the CBD and Salamanca, the one bedroom residence occupies the lower level of a larger Georgian-era building and is an ideal city pad, Air BNB or office space. The current council zoning is Mixed Use Development. The owners have previously had a Development Approval for a three bedroom, three bathroom contemporary dwelling to be constructed that would overlook the Hobart Rivulet, whilst retaining the one bedroom apartment. The one bedroom apartment is surprisingly spacious as it has been thoughtfully designed to maximise space and storage. The kitchen has been updated and offers access to the private, sun filled courtyard which is an ideal space to take in the afternoon sun and enjoys views to Mount Wellington. The kitchen extends through to the dining space which in turn opens up to the good sized living room. Accessed via a joint right of way, there are currently four car spaces included in the title which could be utilised by the owners or potentially rented out. This centrally located property offers a multitude of uses and the potential to develop further (STCA). We have included some renderings of the previously proposed dwelling and those plans would be available to the new owners if required. For further details please contact Matt Carne. The Vendor reserves the right to accept an offer at any time during the marketing period. To arrange your inspection, please contact our office using the Contact Agent link on this page. All measurements are approximate and details intended to be relied upon should be independently verified. The particulars contained in this advertisement do not form any contract. While care has been taken in its presentation, no representation is made and no responsibility is accepted for the accuracy of the whole or any part and interested persons are advised to make their own enquiries and satisfy themselves in all respects.

Features

1 bedroom
1 bathroom
4 carspaces
4 open car spaces
84 m² floor area
267 m² lot size
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Hobart over the last 12 months, the estimated median property value of 2/251 Macquarie Street is $457.1k.

Median value
$457.1k
Estimated value range
$385k - $655k
Median days on market
100
Estimated value trend
-9%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in 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 2/251 Macquarie Street

2025
Rented
Undisclosed
Leased on 19 Oct 2025 by Harcourts Signature - Rosny Park
2025
Sold
$655,000
Private Sale/Treaty on 15 Aug 2025 by Matt Carne, of Raine & Horne Eastern Shore

Happy sellers in Hobart

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

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

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

Local market activity for 1 bedroom units in Hobart

In the last 12 months, 5 one-bedroom units similar to 2/251 Macquarie Street, have been sold.

This represents a 50% decrease in one-bedroom units sales when compared to the previous 12 months.

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