5/362 Sandy Bay Road, Sandy Bay, Tas 7005

Offers over $1,200,000

Unit
Type
2
Bedrooms
1
Bathrooms
1
Parkings
150 m²
Area

Published on Monday, August 03, 2026 ( See property details for 5/362 Sandy Bay Road, Sandy Bay, Tas 7005)

Offers over $1,200,000

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A beautifully presented Art Deco waterfront apartment in Sandy Bay offering stunning river views, modern upgrades, and exceptional lifestyle convenience.

🏡 Property Highlights

  • Uninterrupted waterfront views across the Derwent Sailing Squadron and River Derwent
  • Timeless Art Deco architecture with generous proportions and abundant natural light
  • Prime location in Sandy Bay’s tightly held waterfront precinct, close to amenities
  • Well-appointed kitchen with excellent storage, generous bench space, and dishwasher
  • Two spacious bedrooms with built-in wardrobes, including a main retreat
  • Secure single lock-up garage with additional storage and private level entry

✨ Key Features

  • Built-in Robes
  • Dishwasher
  • Open-Plan Living
  • Waterfront / Views
  • Secure Parking
  • Outdoor Area / Balcony
  • Internal Laundry
  • Pet-Friendly
  • Balcony
  • Fly Screens

Sandy Bay is a highly sought-after suburb renowned for its stunning waterfront, vibrant café and restaurant scene, and close proximity to Hobart’s CBD and University of Tasmania. The area offers a peaceful, community-oriented lifestyle with excellent walkability, scenic views, and easy access to recreational activities along the River Derwent. Its prestigious reputation makes it ideal for owner-occupiers, downsizers, and investors seeking a premium coastal lifestyle.

What are the main lifestyle benefits of living in this waterfront apartment?
This apartment offers stunning uninterrupted river views, a peaceful environment below road level, and close proximity to cafes, restaurants, and recreational facilities, providing a relaxed yet vibrant lifestyle.
Is the property suitable for owner-occupiers or investors?
The property is ideal for owner-occupiers seeking a stylish waterfront residence, as well as investors due to its strong rental estimate and prime location, with a minimum six-month rental period required.
What upgrades have been made recently to the property?
In 2023, electrical work, heaters, lighting, and the hot water cylinder were upgraded, enhancing modern functionality while maintaining the property's charm.
Does the property have any outdoor or balcony space?
Yes, the apartment features a sunroom and balcony that make the most of the waterfront outlook, perfect for relaxing or entertaining.
What amenities are nearby?
The property is close to the Derwent Sailing Squadron, Wrest Point Casino, cafes, shops, public transport, and Hobart’s CBD, offering excellent convenience.
Are there any upcoming strata or council levies that could affect the property's affordability? Is there any history of flooding or bushfire risk in this waterfront area? Are there any restrictions or easements on the additional five feet of land held by the owners? What are the strata or community title regulations regarding short-stay rentals? Are there any planned developments or construction projects nearby that could impact the view or tranquility?

5/362 Sandy Bay Road, Sandy Bay, Tas 7005 - More Details

Offers over $1,200,000

Positioned within one of Sandy Bay's most tightly held waterfront precincts, this beautifully presented ground-floor Art Deco apartment captures uninterrupted views across the Derwent Sailing Squadron, boat moorings and the glistening River Derwent, delivering an exceptional lifestyle opportunity in a truly blue-chip location.

Combining timeless Art Deco character with generous proportions, beautiful dimensions and abundant natural light, the residence offers a relaxed waterfront lifestyle perfectly suited to owner-occupiers, downsizers, professionals or investors alike. Morning sun streams into the interiors, enhancing the warmth and livability of the home, while the spacious living and dining area flows seamlessly to a sunroom designed to make the most of the ever-changing waterfront outlook.

Thoughtfully configured for easy living, the well-appointed kitchen offers excellent storage, generous bench space and a dishwasher, while soft carpeting throughout adds comfort and warmth underfoot. Accommodation includes two well-sized bedrooms, both complete with built-in wardrobes. The spacious main bedroom provides a comfortable retreat, while the second bedroom offers flexibility for guests, a home office or additional living space.

A large separate laundry provides valuable additional storage, complemented by a secure single lock-up garage, a particularly desirable feature, with the two upstairs apartments not having garages. There is also useful storage space between the garage and laundry, while the hot water cylinder was upgraded to a new large unit in 2023 and relocated to the storage area, creating additional space within the laundry.

The property has also benefited from upgraded electrical work, heaters and lighting in 2023, providing modern functionality while retaining the charm and character of the Art Deco architecture.

Offering a level entry from the side gate, the property enjoys a wonderfully private and convenient position, with the side gate rarely used by others. There is also the added convenience of being able to park outside the side gate for removals and heavy deliveries, with this area located on Crown land. The owners also hold an additional five feet of land extending from the garage wall towards the casino, adding further appeal and flexibility to the property.

The location is second to none, just moments from the Derwent Sailing Squadron, Wrest Point Casino and the waterfront, while cafés, restaurants, shops and everyday conveniences are all close at hand. A bus stop is conveniently positioned right outside, while Salamanca, Hobart's CBD and the University of Tasmania are all within easy reach.

Despite its central location, the apartment enjoys an unexpectedly peaceful and quiet setting, sitting below road level and sheltered from much of the surrounding activity. The immediate neighbourhood is also highly regarded, with wonderful neighbours and a strong sense of community.

Now held under strata title, having previously been company title, the property offers the simplicity and security of individual title ownership. Importantly, short-stay accommodation is not permitted, with a minimum six-month rental period applying, providing reassurance for owner-occupiers and those seeking a more settled residential environment.

Offering an enviable balance of absolute waterfront living, timeless Art Deco appeal, generous dimensions, tranquillity and exceptional city convenience, this is a rare opportunity to secure a unique residence in one of Hobart's most desirable lifestyle destinations.
Heating: Electric Fireplace/ x2 Panel heaters
Year built: 1937
Council rates: $3155.00 Per annum approx.
Fixed water rates: $955.40 Per annum approx.
Rental estimate: $580.00 - $640.00 per week.
Strata Fees: $5,000 Per annum.
Type
Unit
Bedrooms
2
Bathrooms
1
Parkings
1
Area
150 m²
House Size
105 m²

Map & nearby places — 5/362 Sandy Bay Road, Sandy Bay, Tas 7005

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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