JARRAD BEVAN

FITZROY Place is one of Hobart’s most coveted locations, and is as prime as a prime location gets.

This large edge-of-the-city property sits across the road from Fitzroy Gardens, a fabulous manicured parkland.

No.34 dates back to 1912. It is a substantial Federation residence with a floor plan approaching 500sqm.

The interiors are expansive and currently configured as four self-contained apartments with separate entrances.

The next owner of the property may feel that renovation is required. However, the huge potential to add value to this property is clear, given the scale of the footprint and the superb location.

It could be returned to life as a single grand residence or, given the chronic shortage of superior accommodation in Hobart, significant upgrades could transform the property into stylish, executive apartments.

Devotees of the Federation era will appreciate the fine use of timber in the fretwork, mantelpieces and panelling.

Brass finger plates on the doors provide a decorative element, as do some original light fittings.

High ceilings and generous proportions downstairs give a hint of past grandeur, and beautiful picture windows frame local vistas.

Raked ceilings upstairs and old coloured glass add layers of interest to this excellent home.

There is ample lock-up storage underneath the house. A brick carport and a freestanding double garage provide parking options.

Units one and four are the largest at 180sqm and 170sqm, while unit two is 95sqm and unit three 38sqm.

CoreLogic figures show that houses in Dynnyrne have been among the best-performing properties in Tasmania over the past year, with the median house price growing by 38.6 per cent in the 12 months to the end of March.

There were 21 houses and 11 units sold in that time.