Battery Point Circus home sold fast as lightning
Jarrad Bevan, Property Journalist | First published 4 Dec 2024, 5:00am | News Corp Australia Network
WHEN homes in Arthurs Circus hit the market, people waste no time putting their best foot forward.
There are only so many of them, and they rarely come to the market.
When No.47 Runnymede St, Battery Point launched last week, it only took a handful of days to find its new owner.
St Andrews Estate Agents director Steve Yannarakis said it was under offer within the week and has now been sold for an excellent, currently undisclosed price.
“There was a lot of interest, and ultimately it was secured quickly by a decisive purchaser,” he said.
“It sold very, very quickly.”
Mr Steve Yannarakis said Arthurs Circus is a Battery Point neighbourhood with a rich history, developed by Governor Arthur — a foundational governor who achieved a lot in Hobart.
“These properties are such a rare proposition. There’s not many in Australia that overlook a village green,” he said.
This Georgian cottage dates back to 1850, and has two bedrooms and a single bathroom within its 60sq m floorplan.
Its exquisite refurbishment was a big part of the appeal for buyers, Mr Yannarakis said.
The home incorporates polished timber flooring, Bosch kitchen appliances, built-in wardrobes, under-tile bathroom heating and freshly painted interiors.
Entry is into a cosy sitting room with an open fireplace.
There is a conjoined lounge room with polished floorboards, an open-plan sun-drenched kitchen-dining area, and a private, paved courtyard-style rear garden.
In some years, Battery Point will record just a dozen sales in 12 months, but right now buyers are flushed with choice.
Mr Yannarakis noted that there are over 30 properties currently on the market.
“I’ve never seen so many,” he said.
“With all of that choice available, it does speak to how special and sought-after No.47 was to sell so fast.
“For people looking to get a foot in the door of our most prestigious suburb, it would appear that now is a good time.
“As for why there are so many available, I think a big factor is that people of a certain age are ready to downsize, and they have come to market at the same time.
“Some mainlanders who have bought here might see it as time to sell.
“It might be cost-of-living pressures, perhaps a second house is less desirable than it was.
“There could be any number of reasons, but downsizing is a big one.”
With its heritage cottages curving around a central public green space, Arthurs Circus is certainly one of the most admired neighbourhoods in Tasmania.
Its allotments were first put on the market in 1847 by Lieutenant Governor George Arthur. The Circus became part of Runnymede St in the 1930s.
These cottages are not available to purchase often, with recent sales — per realestate.com.au — including No.36, which sold in 2022 for $1.05m; No.40 in 2021 for $1.18m; No.55 in 2020 for $1.65m; No.42 in 2016 for $680,000; and No.47 in 2014 for $632,5000.