Knight Frank has the exclusive opportunity to offer for sale Lot 5 Frederick Street, Derby by Expressions of Interest closing 13 November 2017.
The property is ideally positioned in Derby, approximately a 1 hour 15 minute drive northeast of Launceston. Derby has become an appealing location for purchasers and developers after the recent development of the world-class biking trail network.
The undulating vacant block of land of approximately 4.899 hectares with extensive rocky outcrops and native regrowth vegetation. The property can be accessed via an unformed road off Bell Street, however the access road off Fredrick Street.
The size of Derby is approximately 78.2 square kilometres. It has 5 parks covering nearly 101.6% of total area. The population of Derby in 2011 was 207 people. By 2016 the population was 169 showing a population decline of 18.4% in the area during that time. The predominant age group in Derby is 60-69 years. Households in Derby are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Derby work in a managers occupation. In 2011, 80.7% of the homes in Derby were owner-occupied compared with 74.7% in 2016.
Derby has 255 properties. Over the last 5 years, Houses in Derby have seen a 64.61% increase in median value. As at 31 October 2024:
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