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Off Market

221/156 Bathurst Street

Hobart TAS 7000

1
1
30 m²
Apartment
Enrico PalermoEnrico Palermo, last sold this property on 01 April 2026 after 139 days on market.

Overview

Prime Investment Opportunity in Central Hobart

Experience the ease of a truly hands-free investment with this fully furnished one-bedroom apartment located in the vibrant heart of Hobart's city centre. Securely leased to the reputable Best Western Hobart, this property offers a high-yield, low-maintenance investment with consistent performance and minimal owner involvement. Positioned on the second floor, Unit 221 is a spacious King Room boasting a private balcony with sweeping city views. The interior is bright and welcoming, featuring a modern bathroom and contemporary furnishings-all recently upgraded to enhance guest comfort and ensure consistently high occupancy. Sold on a walk-in, walk-out basis, it's fully equipped and ready to generate immediate income from settlement. As part of the trusted Best Western Hotel brand, investors benefit from reliable 6-7% returns (approx.), minimal outgoings, and no marketing, leasing, or management fees. This is a truly effortless addition to any investment portfolio. Ideally positioned within walking distance of Salamanca Place, Elizabeth Street Mall, and the Hobart waterfront, the hotel attracts a steady flow of both business and leisure guests year-round. On-site amenities, including a restaurant, bar, and conference facilities, further support high occupancy and stable income streams. With Hobart's tourism market continuing to thrive and demand for premium hotel accommodation on the rise, Unit 221 presents an exceptional opportunity for investors seeking strong returns, dependable income, and long-term capital growth in Tasmania's dynamic capital. Please contact Enrico for more information **The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

Features

1 bedroom
1 bathroom
30 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Hobart over the last 12 months, the estimated median property value of 221/156 Bathurst Street is $165k.

Median value
$165k
Estimated value range
$160k - $600k
Median days on market
140
Estimated value trend
-65%
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 221/156 Bathurst Street

2026
Sold
Undisclosed
01 Apr 2026 by Enrico Palermo, of Fall Real Estate - North Hobart

Happy sellers in Hobart

70%
70% 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 apartments in Hobart

In the last 12 months, 4 one-bedroom apartments similar to 221/156 Bathurst Street, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Hobart

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Eunice Ware

Sellers who recommend Eunice Ware have praised them for being local expert, clear communication, responsive, reliable, dedicated, well-prepared and detail-oriented

  •   4.9   (84 reviews)
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Georgie Rayner

Georgie Rayner is a recommended agent for Hobart.  They have collected 2 local reviews across the last 12 months.

  •   4.9   (47 reviews)
  •  2 Reviews in Hobart
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Ben Vance

Ben Vance is a recommended agent for Hobart.  They have 4 local sales and collected 2 local reviews across the last 12 months.

  •   4.8   (194 reviews)
  •  2 Reviews in Hobart
  •  4 Sales in Hobart
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Ant Manton

Sellers who recommend Ant Manton have praised them for being clear communication, responsive, local expert, supportive, reliable, friendly and great negotiation

  •   4.8   (523 reviews)
  •  2 Reviews in Hobart
  •  1 Sale in Hobart
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