1/23 Queen Street, Sandy Bay TAS 7005

2 bed townhouse | 23 Queen St Sandy Bay | premium suburb | mixed owner-tenant complex | inconsistent value data This property offers a rare entry point into Sandy Bay’s premium market at a price point well below the suburb’s median for two-bedroom units. The townhouse configuration within a small complex of four provides more privacy and outdoor space than typical apartments, appealing to owner-occupiers or investors targeting long-term capital growth. Its location near Hobart’s core and university adds consistent rental demand, though the 75% tenant mix signals a less stable owner-occupied feel that may affect future resale appeal. The conflicting block size estimates and lack of recent comparable sales create valuation uncertainty, requiring careful due diligence on land dimensions and body corporate records before proceeding. The off-market status suggests either a withdrawn listing or a private sale opportunity, which could allow negotiation below the $650,000 figure seen in some searches. Buyers should verify the property’s true availability and commission an independent valuation, as the wide gap between estimates—from $522,000 to $820,000—indicates either data errors or a property that has not been properly marketed in years.