Real Estate

your chance to buy a large historic waterside battery point home

Written by The ReReport

68 Napoleon Street, Battery Point. Picture: SUPPLIED

THIS waterside Battery Point home is a true rarity.
Terms such as “unique” or “million-dollar views” zoom through the real estate sector on a daily basis, but in the case of this five-bedroom historic home, those words actually fit the bill perfectly.
St Andrews Estate Agents director Steve Yannarakis knows it is a big call, but he said he would stand by it.
“I would say this home has the best views of any waterfront property that we have ever seen,” he said.
“It has water views from everywhere in the home and they are truly amazing, they will take your breath away.
“They span out wide, over 180 degrees, encompassing Mount Wellington, the Royal Yacht Club, Mount Nelson, Sandy Bay and Nutgrove Beach, right across to the Eastern Shore and down the river.”

Waterside wow factor.

Steve said being right on the water in Tasmania’s premium suburb was a luxury few properties could boast.
“There are only 29 waterfront homes in Battery Point,” he said. “One was sold in this area this year and one last year, but before that it would be years and years and years since one was available.
“These properties are the very definition of ‘tightly held’ — it is so rare for them to change hands.
“There are only six that have a jetty. However, this home has the trifecta of a jetty, slip and a boatshed too, which is immensely valuable, particularly to someone with a love of the water.”

By the water but with a leafy feel, too.

If it were possible to relocate this home to the waterside of Sydney Harbour, Steve reckons it would fetch an eye-watering $40 million — or more.
This elegant home was built in 1896 and carefully and skilfully extended a century later, with no expense spared.
Steve described the updates to the home as being of a “very high standard”.
He said the fine, detailed work was a credit to the property’s owners.
“They were careful and took a sympathetic approach given the history of the original building,” Steve said.

Picture perfect views from the tub.

Alongside five bedrooms it boasts four bathrooms, a spacious atrium-style living area and formal lounge and dining rooms. There is also a cellar, a study or library, and a double garage.
The master bedroom alone takes out the first floor with its opulent ensuite, walk-in wardrobe and balcony.
The vast ground floor is dedicated to the living zones, while the lower ground floor houses four bedrooms, two with ensuites and one with a walk-in wardrobe.
Outdoors there are terraced gardens with established trees, lawn areas and pathways to the water’s edge. Sheltered and private courtyards are located at the side and rear of this superb property.

The jetty, the home and the mountain, too.

While the home is just minutes from Hobart’s city centre, Steve said its large, well-established gardens gave the home a “bushy setting”.
“It is quiet and serene,” he said.
“Among its many outstanding features, the main living room is an incredible space with knockout views to the left, right and in the centre. It is an incredible space and it is positioned in a location where it will never be built out.”

A small glimpse of the home’s heritage.

Steve said the home is owned by Robyn and Michael Loughhead, the latter the cardiology chief at the Royal Hobart Hospital before he retired.
“They are selling as the time is right to downsize,” Steve said.
CoreLogic figures show that in the 12 months to the end of June the suburb’s median unit price was $700,000, with 39 sales, while the house median was $1.34 million with 12 sales.
In that period the house median rose by 41.6 per cent, while units saw capital growth of 21.2 per cent.
Battery Point is still the only Tassie suburb with a median above $1 million.

Name a more enticing place to kick back and relax; I’ll wait…

No.68 Napoleon Street will be sold by expressions of interest. It is on the market with a price guide of about $4.7 million.
With its charming Victorian facade, extraordinary water views and unique positioning, it’s no surprise it was ’s most-clicked listing in Tasmania and the ninth most popular in the country last week.

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