OFF MARKET

277 Karoola Road
Karoola TAS 7267

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 57900m2
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Property Details for 277 Karoola Rd, Karoola

Building Type
Land
Land Size
57900m2
Local Government
Launceston
Lot/Plan
1/251982

Last Listing description (March 2019)

Some bush blocks I visit and much nicer than others, and this is definitely one of the best. Still in its natural condition, the land is mostly flat, and is elevated at the northern end. It runs alongside a currently disused train line, The North East Railway.
There is a small water creek nearby that runs through the property. If you look closely at photo 7 you will see a water pipe that feeds the creek.
This creek used to fill a dam with water in many years gone by, and with some excavation work, the dam could be restored to its original beauty, and is located nearby to the shed.

The current owner purchased the property in 1989 and has no further use for the land. The old garage was pre existing with no building approvals in place. It has an old wood fire and water was sourced from a small tank catching some rain water from the roof. The land is partially fenced mainly between the neighbours paddocks that graze cattle.
The land has barely any rocks and is grey sandy loam. It is a very easy block to build on, with great access directly from Karoola Road, with Power and telecom located nearby at the front boundary. Located in rural resources zoning. A home can be built if in accordance with the rural resources planning scheme and is discretionary by council.
All aerial photos depict the bush land and there is no pasture on the title.
Other photos show the beautiful valley of Karoola.
The local school bus collects children nearby and commuting to Lilydale is around 10 minutes. Lilydale offers most services including shopping, doctor, post office, chemist, hardware supplies and petrol. Launceston is approx. 20 minutes drive.
Be quick and make a call as properties are selling fast.

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Property History for 277 Karoola Rd, Karoola, TAS 7267

A timeline of how this property has performed in the market
Last Sold
$160,000
29 Jan 2019
  • 29 Jan 2019
    Sold for $160,000
  • 30 Oct 2018
    Listed for Sale $179,000 $179,000
  • 10 Mar 1989
    Sold for $22,000

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About Karoola 7267

The size of Karoola is approximately 32.1 square kilometres. It has 2 parks. The population of Karoola in 2011 was 488 people. By 2016 the population was 313 showing a population decline of 35.9% in the area during that time. The predominant age group in Karoola is 50-59 years. Households in Karoola are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Karoola work in a professional occupation. In 2011, 87% of the homes in Karoola were owner-occupied compared with 89.8% in 2016.

Karoola has 180 properties. Over the last 5 years, Houses in Karoola have seen a 97.99% increase in median value. As at 31 August 2024:

  • The median value for Houses in Karoola is $796,634 while the median value for Units is $474,500.
There are currently 2 properties listed for sale, and no properties listed for rent in Karoola on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Karoola.

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