FOR SALE
1.6m

1 Garfield Road
Glenorchy TAS 7010

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 0.9677ha
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Premium Development Site - 22 Dwellings!

* Zoned General Residential
* Located only 15 Minutes’ drive from Hobart CBD
* 22 Dwellings
For sale this premium development site, situated on one of the last large undeveloped land parcels in Glenorchy.
The property is located on the very border of Glenorchy and Montrose and is conveniently positioned minutes from Northgate Shopping Centre, Glenorchy retail precinct and multiple schools.
The site is just under 9700sqm and is DA approved for 8 separate lots with the potential of 22 dwellings, ready for an astute developer to capitalise on Hobart's booming property market along with government incentives to development.
With greater Hobart's current under supply of residential dwellings and the growth rate of the Northern suburbs there has never been a better time to secure a large development parcel of general residential zoned land.
The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

Property Details for 1 Garfield Rd, Glenorchy

Building Type
Land
Land Size
0.9677ha

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About Glenorchy 7010

The size of Glenorchy is approximately 10.4 square kilometres. It has 19 parks covering nearly 16.6% of total area. The population of Glenorchy in 2011 was 10,533 people. By 2016 the population was 10,833 showing a population growth of 2.8% in the area during that time. The predominant age group in Glenorchy is 20-29 years. Households in Glenorchy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Glenorchy work in a community and personal service occupation. In 2011, 57.7% of the homes in Glenorchy were owner-occupied compared with 54.6% in 2016.

Glenorchy has 5,649 properties. Over the last 5 years, Houses in Glenorchy have seen a 44.30% increase in median value, while Units have seen a 63.72% increase. As at 31 August 2024:

  • The median value for Houses in Glenorchy is $529,491 while the median value for Units is $452,748.
  • Houses have a median rent of $510 while Units have a median rent of $440.
There are currently 48 properties listed for sale, and 12 properties listed for rent in Glenorchy on OnTheHouse. According to CoreLogic's data, 177 properties were sold in the past 12 months in Glenorchy.

Suburb Insights for Glenorchy 7010

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Ben Ayers
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Phil Ayers
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LJ Hooker Pinnacle Property
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.