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Off Market

323/156 Bathurst Street

Hobart TAS 7000

2
1
54 m²
Unit
Colin MillerColin Miller, last sold this property on 20 April 2026 after -24 days on market.

Overview

Looking for an easy investment with a long-term lease and strong returns? This 2 bedroom unit in Best Western Hobart offers just that. Income is approximately 6% gross yield (5% net) and a lease secured until June 2035, with an option to extend to June 2045. 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. Best Western Hobart features modern conveniences such as conference/function rooms, a bar and restaurant, making it a sought-after destination for visitors. Each bedroom has a separate balcony with scenic views to Hobart City. Best Western is situated within easy access to Central Hobart, Salamanca Markets and the Waterfront. Owners are responsible for council and water rates and a Strata Levy contribution, currently estimated at approximately $1,889 per unit per year. Photos have been provided by Best Western Hotel and may not depict the specific unit 323 but offer a close

Features

2 bedrooms
1 bathroom
54 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Hobart over the last 12 months, the estimated median property value of 323/156 Bathurst Street is $1.07m.

Median value
$1.07m
Estimated value range
$165k - $2.05m
Median days on market
29
Estimated value trend
54%
increase 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 323/156 Bathurst Street

2026
Sold
Undisclosed
Private Sale/Treaty on 20 Apr 2026 by Colin Miller, of Harcourts Hobart
2015
Sold
$155,000
Private Sale/Treaty on 24 Mar 2015

Happy sellers in Hobart

73%
73% 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 14 reviews in Hobart over the last 12 months.

Local market activity for 2 bedroom units in Hobart

In the last 12 months, 6 two-bedroom units similar to 323/156 Bathurst Street, have been sold.

This represents a 16% decrease in two-bedroom units 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 Hobart

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Colin Miller

Colin Miller is a recommended agent for Hobart.  They have 7 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (310 reviews)
  •  3 Reviews in Hobart
  •  7 Sales 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   (50 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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