1/31 Hillborough Road, South Hobart, Tas 7004

House
Type
2
Bedrooms
2
Bathrooms
54 m²
Area

Published on Wednesday, July 22, 2026 ( See property details for 1/31 Hillborough Road, South Hobart, Tas 7004)

Offers Over $695,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A unique dual residence property in South Hobart offering stunning views, modern design, and versatile income or living options.

🏡 Property Highlights

  • Dual self-contained residences offering flexible living options
  • Sweeping valley and mountain views including Kunanyi / Mount Wellington
  • Prime elevated location in South Hobart near historic Cascade Brewery
  • Potential for dual income or multigenerational living
  • Modern interiors with distinctive design features in each residence
  • Established gardens with a generous lawn and scenic outlooks

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Open-Plan Living
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Pet-Friendly
  • Built in wardrobes
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1/31 Hillborough Road
South Hobart, TAS 7004
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Vertical aerial view — 1/31 Hillborough Road
1/31 Hillborough Road — Vertical Aerial  •  South Hobart, TAS 7004  •  Nearmap © 2026

South Hobart is a highly sought-after enclave renowned for its picturesque scenery, vibrant village atmosphere, and proximity to Hobart’s CBD. It offers a blend of historic charm and modern amenities, with easy access to local cafes, parks, and cultural attractions. The area boasts stunning views of Mount Wellington and the river, making it ideal for those seeking a relaxed yet vibrant lifestyle. Established gardens and scenic outlooks enhance the tranquil environment, while excellent walkability and community spirit make South Hobart a premier location for residents and investors alike.

What are the rental income prospects for this dual residence property?
The property offers two fully self-contained units, each with its own amenities, providing strong potential for dual rental income, subject to council approvals.
Can I live in one residence and rent out the other?
Yes, the configuration is ideal for owner-occupiers who wish to live in one unit while generating income from the other.
What are the maintenance requirements for the established gardens and outdoor areas?
The gardens are well-established and maintained, offering a low-maintenance outdoor space with sweeping views, ideal for enjoying the scenery without extensive upkeep.
Are there any restrictions or approvals needed for dual occupancy or rental use?
Yes, potential buyers should consult local council regulations to confirm approvals required for dual occupancy or rental arrangements.
What is the condition of the interiors and recent upgrades?
Both residences feature modern, well-maintained interiors with distinctive design elements, including updated kitchens and bathrooms, ready for immediate occupancy or rental.
Are there any existing easements, covenants, or zoning restrictions that could affect future development or modifications? Has the property been inspected for any structural issues or pest infestations? Are there any planned developments or construction projects nearby that could impact views or noise levels? What are the ongoing costs associated with property maintenance and council rates? Is there any history of flooding or bushfire risk in this elevated location? Are there any strata or body corporate fees applicable to this property? What are the terms and conditions for potential dual income arrangements or approvals? Are there any restrictions on pet ownership or outdoor modifications? Is the property compliant with current building codes and safety standards? What are the long-term plans for infrastructure or community development in the area?

1/31 Hillborough Road, South Hobart, Tas 7004 - More Details

Offers Over $695,000

Located in an elevated South Hobart position, moments from the historic Cascade Brewery precinct, 1/31 Hillborough Road presents a rare and refined dual income opportunity, commanding sweeping views across the valley toward Kunanyi / Mount Wellington and out to the city skyline and River Derwent. Comprising two fully self contained one bedroom, one bathroom residences under the one roof, each with its own kitchen, bathroom, laundry and private entry, this is an offering of genuine flexibility and enduring appeal.

The upper residence is accessed via a private external staircase, opening into a light filled living and dining space framed by a striking frosted glass window. The kitchen makes a bold statement with a vivid orange feature wall, while the window above the sink delivers an uninterrupted outlook to Kunanyi / Mount Wellington. The bedroom offers a peaceful retreat with plantation shutters, a ceiling fan and built in wardrobing, while the bathroom is concealed behind a dramatic black barn style sliding door and finished with a rain shower and timber topped vanity.

The lower residence carries its own distinct character, anchored by a striking graffiti glass splashback kitchen with timber benchtop and an inviting living space clad in raw OSB panelling with a window seat framing the bush clad hills beyond. The bedroom is well appointed with built in sliding storage and a versatile desk nook, complemented by an ensuite style bathroom finished with a floating vanity, terrazzo splashback and integrated laundry.

For the astute investor, this is a rare opportunity to secure two independent rental incomes from the one title, subject to the usual approvals. For the owner occupier, the configuration lends itself beautifully to multigenerational living, or the flexibility to occupy one residence while the other helps offset the mortgage.

Set among established gardens with a generous lawn and sweeping valley views, this is an address that delivers both lifestyle and long term financial reward in one of Hobart's most desirable enclaves, only minutes from South Hobart village and the CBD.

Thinking of selling your home?
Contact me, Natalie Downton, a 4-time winner of Number 1 Sales Agent in Australia. With a proven track record of success, unparalleled local knowledge and a passion for achieving outstanding results. Reach out today to discuss how I can assist in getting the best possible outcome for your property.
Type
House
Bedrooms
2
Bathrooms
2
Area
54 m²
House Size
92 m²

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