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Back 98 Molle Street
Off Market

98 Molle Street

West Hobart TAS 7000

3
2
2
232 m²
168 m²
House
Last sold for $1,460,000
Andrew WellsAndrew Wells, last sold this property on 06 July 2025 after 30 days on market.

Overview

The Millington On Molle

Positioned in the heart of West Hobart and just five minutes from the Hobart CBD, 98 Molle Street is a premium dual income-generating property designed for the savvy investor or lifestyle buyer seeking flexibility and strong returns. Behind its modest façade lies a renovation that is nothing short of extraordinary-every detail meticulously executed, every finish top-tier. Upstairs, the two-bedroom residence showcases a designer bathroom fitted with luxury fixtures, and a fully renovated kitchen complete with integrated fridge, freezer, and dishwasher. The space is light-filled, stylish, and immediately comfortable-ideal for premium short-stay guests, executive tenants or an opportunity to live in luxury whilst receiving a very healthy passive income. Below, the former garage has been transformed into a self-contained one-bedroom apartment that feels more like a boutique retreat. Underfloor heating flows through the tiled areas, while the kitchen and bathroom mirror the same high-end finish as the upper level. A generous living space adds to the sense of scale and quality, creating a luxurious environment that guests will return to again and again. West Hobart's charm and liveability make it one of the most sought-after locations in Tasmania. Moments from acclaimed eateries like The Pigeon Hole, West Side Laundry Café and WunderBar, the property also enjoys direct access to the scenic Hobart Rivulet Track-offering the perfect blend of nature and lifestyle just minutes from the city. Importantly, this property places you right at the heart of Hobart's booming tourism calendar. Annual headline events such as the Taste of Summer, the Sydney to Hobart Yacht Race, MONA FOMA, and Dark Mofo draw consistent visitor demand all year round. With short-stay accommodation in Hobart achieving average occupancy rates of 74% and strong nightly returns, 98 Molle Street represents a powerful investment proposition. Fully utilising both residences for Airbnb or short stays could deliver a gross income in excess of $150,000 per annum, while living in one and leasing the other offers a passive income of approximately $75,000. Whether you're entering the short-stay market or adding to a high-performing portfolio, this stunning dual income-generating property delivers the perfect combination of luxury, location, and long-term profitability.

Features

3 bedrooms
2 bathrooms
2 carspaces
1 open car space
1 garage space
232 m² floor area
168 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in West Hobart over the last 12 months, the estimated median property value of 98 Molle Street is $930k.

Median value
$930k
Estimated value range
$660k - $1.94m
Median days on market
30
Estimated value trend
8%
increase over the last 12 months
Average days on market is based on recent, comparable sales in West 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 98 Molle Street

2025
Sold
$1,460,000
Private Sale/Treaty on 06 Jul 2025 by Andrew Wells, of The Agency Southern Tasmania
2022
Sold
$1,100,000
19 Dec 2022 by Nina Schubert, of Elders Tasmania
2020
Sold
$675,000
Private Sale/Treaty on 23 Feb 2020 by Martin Waldhoff, of PRD Hobart

Happy sellers in West Hobart

79%
79% of sellers in West Hobart reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 19 reviews in West Hobart over the last 12 months.

Local market activity for 3 bedroom houses in West Hobart

In the last 12 months, 35 three-bedroom houses similar to 98 Molle Street, have been sold.

This represents a 3% decrease in three-bedroom houses 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 West Hobart

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Bec Owens

Sellers who recommend Bec Owens have praised them for being clear communication, local expert, friendly, responsive, well-prepared, pleasant and supportive

  •   4.9   (146 reviews)
  •  4 Reviews in West Hobart
  •  9 Sales in West Hobart
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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   (163 reviews)
  •  4 Reviews in West Hobart
  •  3 Sales in West Hobart
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Nick Morgan

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

  •   5   (263 reviews)
  •  3 Reviews in West Hobart
  •  2 Sales in West Hobart
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Shenna Rawlings

Shenna Rawlings is a recommended agent for West Hobart.  They have 1 local sale and collected 3 local reviews across the last 12 months.

  •   4.9   (16 reviews)
  •  3 Reviews in West Hobart
  •  1 Sale in West Hobart
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