FOR SALE
$2,000,000

43 Russell Road
Claremont TAS 7011

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Land area: 17ha
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Mortgage Sale

The new vendor has given specific directions to sell this incredible development opportunity now.
With extended settlement terms negotiable, this opportunity is too good to pass up.
- Development approved for 76 new dwellings across 4ha of Gen Res zoned land
- 8 stage strata development
- Existing 4 bedroom home on 13.1ha of landscape conservation zoned land
- Telstra Tower lease (Lease sale offers waiting for the purchaser at $170k-$200k)
The existing four bedroom dwelling is currently being tenanted at $2000 per month and also comes with the addition of a Telstra Tower lease of $11,500 per annum. The home appraisal sits at approximately $950,000.
13.1ha - Zoned landscape conservation gives the Incredible opportunity to add significant value to the purchaser with permitted uses (STCA) under the Tasmanian Planning Scheme including; Short-stay accommodation (or visitor accommodation) and Tourist operations, small-scale food service (cafes/restaurants). Just 5km from MONA, this elevated, level large space has the potential for a significant tourism operation.
Full development information can be provided by request.

Property Details for 43 Russell Rd, Claremont

43 Russell Rd, Claremont is a 4 bedroom, 1 bathroom House. The property has a land size of 17ha. The place is currently for sale with Ray White Hobart.

Building Type
House
Land Size
17ha

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About Claremont 7011

The size of Claremont is approximately 17.9 square kilometres. It has 17 parks covering nearly 11.8% of total area. The population of Claremont in 2011 was 7,681 people. By 2016 the population was 7,753 showing a population growth of 0.9% in the area during that time. The predominant age group in Claremont is 50-59 years. Households in Claremont are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Claremont work in a trades occupation. In 2011, 66.6% of the homes in Claremont were owner-occupied compared with 63.2% in 2016.

Claremont has 3,946 properties. Over the last 5 years, Houses in Claremont have seen a 45.14% increase in median value, while Units have seen a 67.33% increase. As at 31 August 2024:

  • The median value for Houses in Claremont is $519,974 while the median value for Units is $452,181.
  • Houses have a median rent of $480 while Units have a median rent of $440.
There are currently 34 properties listed for sale, and 6 properties listed for rent in Claremont on OnTheHouse. According to CoreLogic's data, 137 properties were sold in the past 12 months in Claremont.

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Nick Cowley
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Ray White Hobart
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