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Back 520 Huon Rd
Off Market

520 Huon Rd

South Hobart TAS 7004

9
7
10
409 m²
4153 m²
Block of units
Lynne PageLynne Page, last sold this property on 25 August 2025 after 18 days on market.

Overview

Investment. Development. Project

An exciting development opportunity presents to realise capital gain on several fronts for this city fringe investment on the outskirts of very desirable South Hobart. Already, the property delivers a healthy rental return of $1530 per week. A conservative projected rental return of $2060 per week is anticipated and up to $2260 with cosmetic changes. Situated on an expansive single title of 4,153 m2 allotment, the 409m2 residential building is divided into 4 apartments plus a useful studio/utility /storage space with plumbing …fully serviced with water ,sewer and stormwater. The interiors are decidedly retro in style and would benefit from an upgrade. In total, there are 9 bedrooms, 7 bathrooms, 3 vehicle carport and at least 7 off street car spots. The purpose built complex constructed in 1973 forms an imposing quadrangle with a central courtyard. The property enjoys dramatic tree scape views to Mount Wellington, leafy surrounds and established gardens. The eastern side of the property adjoins land owned by the Hobart City which forms part of the Waterworks Reserve. Current zoning for this property from July this year, is dual, a combination of General Residential and Rural Living. In the future, there may well be the possibility that residential construction zones will expand, given the ever increasing demand for housing. The huge potential to add capital value here, lies in developing the rear of the allotment HCC STCA to provide for visitor accommodation or submitting an application to stratum title the existing complex of conjoined apartments…or simply increasing the footprint of the building. Conveniently situated on a reliable transport route and in close proximity to UTAS, vibrant South Hobart and Sandy Bay shopping villages. Additional infrastructure includes 4 storage sheds. This is a unique opportunity to create wealth and enjoy a very manageable project development. Concept drawings and schematic design for visitor accommodation pods, sustainable and sensitive to the environment have been commissioned by well respected multi-award winning architects, Liz Walsh and Alex Nielsen from So.Architecture for your consideration. Tasmania and New Zealand in the scheme of global turmoil are now considered lifestyle 'safe havens' in terms of a destination to live and invest!

Features

9 bedrooms
7 bathrooms
10 carspaces
3 carport spaces
7 open car spaces
409 m² floor area
4153 m² lot size
Block of units

Estimated Value

We need at least 3 similar 9 bedroom block of units sold in South Hobart over the last 12 months.

Property history for 520 Huon Rd

2025
Sold
Undisclosed
25 Aug 2025 by Lynne Page, of South Property Group
2017
Sold
$1,020,000
29 Jan 2017 by Lynne Page, of Elders Tasmania

Happy sellers in South Hobart

90%
90% of sellers in South Hobart reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 28 reviews in South Hobart over the last 12 months.

Local market activity for 9 bedroom block of units in South Hobart

Nearby agents

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

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Colin Miller

Colin Miller is a recommended agent for South Hobart.  They have 4 local sales and collected 6 local reviews across the last 12 months.

  •   4.9   (305 reviews)
  •  6 Reviews in South Hobart
  •  4 Sales in South Hobart
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Harry Coomer

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

  •   4.9   (1082 reviews)
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  •  3 Sales in South Hobart
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Nyal Merdivenci

Sellers who recommend Nyal Merdivenci have praised them for being clear communication, local expert, friendly, honest, great negotiation, reliable and supportive

  •   4.9   (212 reviews)
  •  3 Reviews in South Hobart
  •  2 Sales in South Hobart
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Tony Dion

Tony Dion is a recommended agent for South Hobart.  They have 2 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (180 reviews)
  •  3 Reviews in South Hobart
  •  2 Sales in South Hobart
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