59b Red Chapel Avenue, Sandy Bay TAS 7005

Occupying a coveted position within one of Sandy Bay's most prestigious streets, with glimpses through the leafy surrounds to the River Derwent sits a site of endless potential to create a dream home, or homes (STCA) in a coveted location.

The property is accessible via a private driveway, along with access to the rear via a second laneway access, potentially allowing circular traffic flows and making planning for renovations and future development logistically appealing (STCA) .

Set back from the street and enjoying almost complete privacy, a peaceful living experience awaits the lucky new owners. The expansive 1040m2 allotment is located on the top of the Red Chapel rise and provides a near level site from which an expansive 360 degree outlook over the city, kunanyi/Mt Wellington and River Derwent can be obtained.

As is, the existing cottage, whilst rustic and ready for renovation is full of character and quaint charm, comprising a lounge room with high ceilings and an ornate brick and brass fireplace with timber mantle, where the views of the river can be seen through picture windows.

Further along, a casual dining area with a cosy wood heater incorporates the kitchen, where there is plenty of storage, an oven with electric stovetop and laminate countertops. This space opens into the backyard via sliding doors.

The extensive parcel of land features superb established trees, including a giant pine that presides over the backyard. The grounds feature a myriad of other tree varieties, hedges, and florals, along with vegetable gardens and large open spaces.

Entertaining outdoors amid lush surrounds can be enjoyed with peace and privacy. At the front of the home, a timber veranda captures the water views through the treetops, and there is a paved patio at the opposing end of the property.

With an attractive address, the possibilities to develop the prime landholding are infinite, with a generous block and a blank canvas, enhanced by the views that could be even more spectacular from a new residence.

The very best of Sandy Bay is all within a short drive, with Hill Street Grocer, major supermarkets, cafes, restaurants, beaches, parks, and schools, all nearby. Hobart's CBD is a mere 10 minutes from home.

Offering endless scope to breathe new life into the existing residence, or to develop the site completely, this appealing property promises stunning water views and expansive living with a superb Sandy Bay address.

Features include: Built in wardrobes,Balcony / Deck,Electric Hot Water Service,Floorboards,Fully fenced,Garden Shed,Fireplace(s),Outdoor Entertaining,Shed,Unfurnished,Verandah,Woodheater,City Views,Water Views