SOLD
Sold on 12 Apr 2024 for $3,573,900

8 Railway Court
Cambridge TAS 7170

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3445m2
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Property Details for 8 Railway Ct, Cambridge

Building Type
Land
Land Size
3445m2
Local Government
Clarence

Last Listing description (November 2023)

Knight Frank is pleased to present Lot 8 and Lot 10 Railway Court, Cambridge.

Nestled in a highly sought-after location, these parcels are ideally zoned for light industrial use and boast an enviable position fronting the prestigious Kennedy Drive.

The light industrial zoning of these lots unlocks a myriad of possibilities, with the potential to establish warehouses, distribution centers, manufacturing facilities, or bulky goods showrooms (STCA).

Lot 8 spans an impressive 3,445 square meters, while Lot 10 covers an expansive 3,053* square meters, culminating in a generous total saleable area of 6,498* square meters.

The scarcity of land facing Kennedy Drive unquestionable don't miss your opportunity to purchase, either as a whole or individually, and unlock the potential for your development venture.

*Approximate

Property History for 8 Railway Ct, Cambridge, TAS 7170

A timeline of how this property has performed in the market
Last Sold
$3,573,900
12 Apr 2024
  • 12 Apr 2024
    Sold for $3,573,900
  • 08 Jun 2023
    Listed for Sale Contact Agent
  • 11 Mar 2021
    Sold for $560,469

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About Cambridge 7170

The size of Cambridge is approximately 50.1 square kilometres. It has 9 parks covering nearly 15.9% of total area. The population of Cambridge in 2011 was 747 people. By 2016 the population was 1,124 showing a population growth of 50.5% in the area during that time. The predominant age group in Cambridge is 50-59 years. Households in Cambridge are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cambridge work in a professional occupation. In 2011, 84.1% of the homes in Cambridge were owner-occupied compared with 85.5% in 2016.

Cambridge has 1,287 properties. Over the last 5 years, Houses in Cambridge have seen a 45.31% increase in median value, while Units have seen a 31.95% increase. As at 30 November 2024:

  • The median value for Houses in Cambridge is $889,093 while the median value for Units is $531,571.
  • Houses have a median rent of $498.
There are currently 14 properties listed for sale, and 5 properties listed for rent in Cambridge on OnTheHouse. According to CoreLogic's data, 43 properties were sold in the past 12 months in Cambridge.

Suburb Insights for Cambridge 7170

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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.