Price Guide 1.8 mil - 2 mil
66 Forest Road, Trevallyn TAS 7250
House
44
Block size: 5976 m² approx.
Ready Set Go....Fully approved DA Site
DA approved development site comprising of an 8 lot land subdivision including approval for the conversion of existing dwelling into 2 up market town houses.
In a market where there are very few sites close to the Launceston CDB and strong demand from buyers looking to downsize to similar sites this represents a project with strong premiums for the purchaser.
The proposed land subdivision offers 8 stunning blocks ranging in size from 461 sqm to a 650 sqm lot suitable for a multi dwelling. The artist impression shows how they would suit upmarket 40 square homes. The existing early 1900s building is currently operating as 4 four flats, generating a weekly rental income of $895 from 4 flats leased on a month-to-month basis.
Key Property Features:
Land Area: Approximately 5883m²
DA Approved 8 lot subdivision
DA approved renovation for 2 up market townhouses
Breathtaking Views: Enjoy panoramic vistas of Launceston City, the Tamar River, and beyond.
Established Location: Situated in a picturesque residential suburb with a scarce supply of development opportunities.
Current Estimated Rental Return: Approximately $46,540 per annum.
Immediate Access: Conveniently located near the West Tamar Highway (approximately 1000 meters away).
Zoning: General Residential (10.0).
Extensive Street Frontage: The property boasts a substantial frontage onto Forest Road.
Due diligence documents and expression of interest forms available on request.
In a market where there are very few sites close to the Launceston CDB and strong demand from buyers looking to downsize to similar sites this represents a project with strong premiums for the purchaser.
The proposed land subdivision offers 8 stunning blocks ranging in size from 461 sqm to a 650 sqm lot suitable for a multi dwelling. The artist impression shows how they would suit upmarket 40 square homes. The existing early 1900s building is currently operating as 4 four flats, generating a weekly rental income of $895 from 4 flats leased on a month-to-month basis.
Key Property Features:
Land Area: Approximately 5883m²
DA Approved 8 lot subdivision
DA approved renovation for 2 up market townhouses
Breathtaking Views: Enjoy panoramic vistas of Launceston City, the Tamar River, and beyond.
Established Location: Situated in a picturesque residential suburb with a scarce supply of development opportunities.
Current Estimated Rental Return: Approximately $46,540 per annum.
Immediate Access: Conveniently located near the West Tamar Highway (approximately 1000 meters away).
Zoning: General Residential (10.0).
Extensive Street Frontage: The property boasts a substantial frontage onto Forest Road.
Due diligence documents and expression of interest forms available on request.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Sam Woolcock to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
4
Bathrooms:
4
Property type:
House
Block Size:
5976 m²*
Other Details
Volume:
1
Folio:
198772
Legal description:
198772/1
Maps and area information
Block information
Block size: 5976m² (approx)
Legal description: 198772/1
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Nearby sales
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We found 23 houses with 4 bedrooms that just sold near 66 Forest Road Trevallyn
What's nearby
Invermay Primary SchoolPrimary School
1.4km
Riverside High SchoolHigh School
2.4km
Launceston General HospitalHospital
2.4km
Shopping CentreMajor Shopping Centre
2.1km
Trevallyn Post OfficePost Office
0.9km
Tafe - Wellington Square CampuTafe
1.7km
Property history
We couldn't find any history for this property.
See Trevallyn's suburb profile
Trevallyn suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
42 years
Population
4,826
Listing ID: 182337002. This listing has been viewed 4 times. It was first displayed on 28/02/2024 and last updated on 22/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.