No.7 Beach Rd, Sandy Bay. Picture: Supplied
The chance to buy a house in this neighbourhood is extremely uncommon.
When people buy them, they never want to leave.
There are just four homes in this enclave set by the water directly opposite Nutgrove Beach.
The owners of No.7, known as Newland, have held it since 2009, and it was last traded on-market nearly 30 years ago in 1997.
Ray White Hobart agent Brad Stephens said Newland is an “incredible property” by any measure.
“The early 1900s Federation architecture is immediately striking from the street, and the home’s grand scale and proportions are exceptionally impressive,” he said.
“The words ‘rare’ and ‘potential’ can often be overused in real estate, but this property truly represents a rare opportunity.”
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No.7 Beach Rd, Sandy Bay.
No.7 Beach Rd, Sandy Bay.
No.7 Beach Rd, Sandy Bay.
Originally constructed around 1910 for businessman and noted jam manufacturer Frederick Hood Peacock, the home holds architectural and historical importance, widely recognised as part of a distinguished collection of residences that shaped Sandy Bay’s early suburban character.
Its Federation credentials are unmistakeable — rendered brick construction, sweeping bay windows, ornate timber joinery, vibrant stained-glass, dormer windows, and a broad wraparound veranda that commands attention from the streetscape.
Inside, the residence retains generous proportions throughout, offering an outstanding canvas for sympathetic restoration or a considered transformation into a home of exceptional quality.
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No.7 Beach Rd, Sandy Bay.
No.7 Beach Rd, Sandy Bay.
Mr Stephens said it is difficult to find anything comparable to Newland.
“Nutgrove is such a highly regarded pocket of Sandy Bay and is tightly held for good reason,” he said.
“To find a property that also generates holding income, without compromising the integrity or future potential of the property as a home, is equally rare.
“Over the past few decades, the property has functioned successfully as a medical and allied health facility, so it would certainly suit a purchaser wishing to continue that use.
“However, given the limited number of homes in this position, it would equally reward a buyer with the vision to restore and create a stately family residence.”
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No.7 Beach Rd, Sandy Bay.
No.7 Beach Rd, Sandy Bay.
Ray White Commercial Tasmania partner Claude Alcorso said medical or allied health would be the most capital-efficient path forward, securing stable, high-yield tenants, especially given the property’s existing DDA lift and 13 car parks.
“Alternatively, the grand heritage layout requires only minor cosmetic tweaks to become prestigious professional offices for solicitors, accountants or corporate headquarters,” he said.
Adding immediate financial appeal, a five-year commercial lease is in place for a small onsite pizza restaurant, returning a gross rent of $57,000 per annum plus GST — providing reliable holding income while the main residence’s full potential is realised.
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No.7 Beach Rd, Sandy Bay.
No.7 Beach Rd, Sandy Bay.
In homes and businesses, location is everything. And Newland’s location is second to none.
Newland places its future owner at the heart of an enviable waterfront lifestyle.
It is just metres from Nutgrove Beach and the scenic River Derwent walking tracks. Sandy Bay Village, the University of Tasmania, and Hobart’s CBD, along with leading schools, are all easily accessible.
Opportunities of this scale, provenance, and foreshore position are uncommon.
Newland is a rare chance to secure a landmark piece of Tasmanian architectural history.
It is listed with Ray White at “Offers over $5.5m”.
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