FOR SALE
$790,000

1278 Lyell Highway
Sorell Creek TAS 7140

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1.5ac
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River and Rural Views

Situated 4km out of New Norfolk on the way to Hobart is this Rural Resource land. Once used as a workshop and showroom this property has potential. Currently having a large 24sqm shed and a separate 14sqm storage shed as well as a huge concrete slab, the property lends itself to most manufacturing pursuits, a rural home or maybe even a development next to the River Derwent. Being so close to services and on a bus route the land gently slopes from the highway into the River Derwent, a tourism venture with paddle boats and restaurant, or a quiet family home with wonderful access to the river this is an opportunity that doesn’t come along too often.
The property comprises two waterfront titles within a Rural Resource zone. Given surrounding uses are mainly rural lifestyle it would be likely that a residential dwelling on each title would not be refused. This allows for the potential purchaser to either operate a small business, have a home business and or use the existing sheds. As the new owner you could develop the property and construct a new home on each of the titles. Either way S.T.C.A the potential of this river front land lot is huge.

Property Details for 1278 Lyell Hwy, Sorell Creek

Building Type
Land
Land Size
1.5ac

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About Sorell Creek 7140

The size of Sorell Creek is approximately 8 square kilometres. It has 7 parks covering nearly 0.2% of total area. The population of Sorell Creek in 2011 was 804 people. By 2016 the population was 72 showing a population decline of 91.0% in the area during that time. The predominant age group in Sorell Creek is 50-59 years. Households in Sorell Creek are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Sorell Creek work in a professional occupation. In 2011, 88.2% of the homes in Sorell Creek were owner-occupied compared with 89.4% in 2016..

Sorell Creek has 47 properties. Over the last 5 years, Houses in Sorell Creek have seen a 85.20% increase in median value. As at 31 August 2024:

  • The median value for Houses in Sorell Creek is $571,960.
There are currently 1 property listed for sale, and no properties listed for rent in Sorell creek on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Sorell creek.

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Steve Jury
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Homelands Property | Huonville
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