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Off Market

231/156 Bathurst Street

Hobart TAS 7000

1
1
30 m²
30 m²
Apartment
Colin MillerColin Miller, last sold this property on 08 January 2026 after 297 days on market.

Overview

Set and Forget Investment

Looking for an easy investment with a long-term lease and strong returns? Unit 226 in the Best Western Hobart offers just that, with an approximate 6% gross yield (5% net) and a lease secured until October 2033, with an option to extend to 2043. Returns are calculated based on the hotel's total accommodation and car parking revenue rather than this unit's individual occupancy rate, ensuring a more stable income stream (the ten-year average is $11,304 p.a. per unit net to owners). Best Western Hobart features modern conveniences such as a gym, conference/function rooms, a bar, and a restaurant, making it a sought-after destination for visitors. Owners are responsible for council and water rates, a sinking fund contribution, and insurance costs, currently estimated at approximately $2,023 per unit per year. These units are tightly held, so secure your investment today. • Photos have been provided by Best Western Hotel and may not depict the specific unit 226 but offer a close example. • Rent is calculated based on hotel accommodation revenues (the ten-year average is $11,304 p.a. per unit net to owners). • Estimated 6% gross yield (5% net) in the heart of Hobart, with potential for long-term growth. • Owners contribute to council and water rates, a sinking fund, and insurance (approx. $2,023 per unit per year). • Built in 1976. • Interested in purchasing multiple units? Let the agent know. Disclaimer: Every effort has been made to ensure the accuracy of the information contained herein. While there is no reason to doubt it's accuracy, guarantee cannot be assured. The content is intended as advice, and such as cannot be taken as absolute fact. Any and all imagery displaying outlines, measurements or locations are approximate for marketing purposes only. Please refer to the title documents supplied. Accordingly, all interested parties should make their own enquiries to verify this information.

Features

1 bedroom
1 bathroom
30 m² floor area
30 m² lot size
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 231/156 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 231/156 Bathurst Street

2026
Sold
Undisclosed
Private Sale/Treaty on 08 Jan 2026 by Colin Miller, of Harcourts Hobart

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 apartments in Hobart

In the last 12 months, 4 one-bedroom apartments similar to 231/156 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)
  •  2 Reviews in Hobart
  •  1 Sale in Hobart
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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   (522 reviews)
  •  2 Reviews in Hobart
  •  1 Sale in Hobart
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