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Back 2/4 Ellerslie Rd
Off Market

2/4 Ellerslie Rd

Battery Point TAS 7004

1
1
1
52 m²
77 m²
Apartment
Last sold for $520,000
Nick CowleyNick Cowley, last sold this property on 06 July 2025 after 167 days on market.

Overview

Exceptional Investment Opportunity in Prime Battery Point Location

Located on sought-after Ellerslie Road in Battery Point, this top-floor 1950s apartment offers a rare chance to secure a high-performing asset in one of Hobart's most tightly held suburbs. With panoramic views across the city and water, this one-bedroom unit is part of an exclusive complex of just six-ensuring long-term demand and solid capital growth potential. Key Investment Highlights: • Strong Rental Income: Currently leased at $500 per week until November 2025, delivering a gross yield of 5.2%. • Low Outgoings: Approximate annual expenses-Council Rates: $2,080 | Water: $800 | Body Corporate: Approx. $1022 • Secure, Long-Term Tenancy: Reliable tenant in place, ideal for investors seeking immediate and stable cash flow. • Future Growth Potential: Premium Battery Point location offers excellent prospects for capital appreciation and future rental increases. • Short-Term Rental Potential: STR appraisal available on request-ideal for maximizing returns in a high-tourism area. Property Features That Drive Tenant Appeal: • Light-filled living room with stunning views over Hobart and the Derwent River • Spacious bedroom with built-in robes • Functional kitchen with ample storage • Well-maintained bathroom with shower-over-bath layout • Secure 23 sqm ground-level storage room-rare at this price point • Off-street parking for one vehicle • Access to shared laundry, garden, and clothesline Unbeatable Location: Situated just moments from Salamanca Place, Battery Point Village, Hobart's CBD, and the waterfront precinct, this property is positioned in an area of consistently high rental demand-making it an ideal choice for both seasoned investors and SMSF buyers.

Features

1 bedroom
1 bathroom
1 carspace
1 open car space
52 m² floor area
77 m² lot size
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Battery Point over the last 12 months, the estimated median property value of 2/4 Ellerslie Rd is $580k.

Median value
$580k
Estimated value range
$455k - $690k
Median days on market
37
Estimated value trend
-5%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Battery Point. 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 2/4 Ellerslie Rd

2025
Sold
$520,000
06 Jul 2025 by Nick Cowley, of South Property Group
2018
Sold
$425,000
13 Dec 2018 by Abi Freeman, of Peterswald

Happy sellers in Battery Point

60%
60% of sellers in Battery Point reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 7 reviews in Battery Point over the last 12 months.

Local market activity for 1 bedroom apartments in Battery Point

In the last 12 months, 5 one-bedroom apartments similar to 2/4 Ellerslie Rd, have been sold.

This represents a 66% decrease in one-bedroom apartments 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 Battery Point

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Kim Morgan

Sellers who recommend Kim Morgan have praised them for being local expert, clear communication, reliable, supportive, responsive, honest and strategic

  •   4.9   (206 reviews)
  •  4 Reviews in Battery Point
  •  5 Sales in Battery Point
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Nick Cowley

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

  •   5   (125 reviews)
  •  2 Reviews in Battery Point
  •  3 Sales in Battery Point
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John Lennard

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

  •   4.9   (92 reviews)
  •  2 Reviews in Battery Point
  •  2 Sales in Battery Point
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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)
  •  1 Review in Battery Point
  •  1 Sale in Battery Point
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