FOR SALE
Offers Over $1.45M

74 Sugarloaf Road
Risdon Vale TAS 7016

Bedrooms: -
Bathrooms: -
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Land area: 4935m2
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Discover an exceptional development opportunity

Discover an exceptional development opportunity at Lots 28 to 33 - 74 Sugarloaf Road, Risdon Vale, with approval granted by the Clarence City Council for 15 stylish units. These units feature three distinct design types, ensuring a variety of appealing options for prospective buyers. Each unit offers two spacious bedrooms, two modern bathrooms, and secure garage parking, catering to contemporary living needs. Additionally, select units include a second living space, providing the flexibility to create a third bedroom or home office, enhancing the property's versatility.
The sale is inclusive of all plans and approvals acquired to date, streamlining the development process and reducing initial overhead costs. This project offers an outstanding investment opportunity for developers, promising excellent returns and significant potential for profit. With the current demand for quality housing in the area, there is a substantial opportunity for developers to achieve impressive margins by developing and selling these units. This development promises to be a valuable addition to any property portfolio, providing both immediate and long-term financial benefits. Take advantage of this prime real estate opportunity and realize the full profit potential of this strategically approved project.

Property Details for 74 Sugarloaf Rd, Risdon Vale

Building Type
Land
Land Size
4935m2

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About Risdon Vale 7016

The size of Risdon Vale is approximately 14.5 square kilometres. It has 14 parks covering nearly 12.9% of total area. The population of Risdon Vale in 2011 was 2,679 people. By 2016 the population was 2,865 showing a population growth of 6.9% in the area during that time. The predominant age group in Risdon Vale is 30-39 years. Households in Risdon Vale are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Risdon Vale work in a labourer occupation. In 2011, 65.7% of the homes in Risdon Vale were owner-occupied compared with 64% in 2016.

Risdon Vale has 1,364 properties. Over the last 5 years, Houses in Risdon Vale have seen a 66.48% increase in median value, while Units have seen a 46.31% increase. As at 30 September 2024:

  • The median value for Houses in Risdon Vale is $448,512 while the median value for Units is $443,183.
  • Houses have a median rent of $455.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Risdon vale on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in Risdon vale.

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