SOLD
RECENT ADVICE
Sold on 11 Nov 2024 for $1,100,000

717 West Tamar Highway
Legana TAS 7277

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 1.21ha
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Property Details for 717 West Tamar Hwy, Legana

717 West Tamar Hwy, Legana is a 1 bedroom, 1 bathroom House. The property has a land size of 1.21ha. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 1 bedroom House sold in Legana in the last 12 months.

Building Type
House
Land Size
1.21ha
Local Government
West Tamar
Lot/Plan
2/156057

Last Listing description (November 2024)

Are you looking for your next project? Positioned on approximately 1.21 hectares of prime land, 717 West Tamar Highway, Legana presents an incredible opportunity with endless possibilities. Whether you are considering continuing an already established business, pursuing a development venture (STCA), or exploring subdivision potential (STCA), this property has it all.

Currently operating as Legana Plant Plus, a successful and well-regarded business in the community, the sale includes the freehold, encompassing both the expansive land and the substantial sheds. The impressive array of sheds come equipped with power, providing immediate utility for various uses. A standout feature of the property is the 25kW solar panel system, offering a sustainable and cost-effective energy solution.

The property's location within Legana, one of Launceston's most dynamic and rapidly evolving suburbs, adds an additional layer of value. Legana has seen significant residential and commercial growth over the past few years. For the astute developer, the property's zoning as Low Density Residential offers a wealth of opportunities. Whether you're considering a large-scale development project (STCA), a strategic subdivision (STCA), or even the creation of a new residential community, this property provides the flexibility to make your vision a reality. The potential for a strata development (STCA) accommodating up to 10 units is particularly enticing, given the area's increasing demand for residential housing.

Legana's strategic position along the West Tamar Highway ensures excellent connectivity to Launceston and surrounding areas, further enhancing its desirability. The suburb is well-served by a range of amenities, including shopping centres, schools, and recreational facilities, all contributing to the area's increasing popularity among families and professionals. This prime location, combined with the property's extensive land size and versatile zoning, presents a unique opportunity to create something truly special.

Please note that any development plans are subject to council approval, and we encourage prospective buyers to conduct their due diligence to ensure the feasibility of their specific project on this property.

For more information or to arrange a viewing, please contact Richard from Sims for Property.
Key details:
- Land size 1.21ha approx;
- Vast amounts of possibilities including development and subdivision opportunities (STCA);
- Established sheds with power;
- Zoning of Low Density Residential;
- Selling the freehold (land and sheds);
- Main shed includes 25Kw solar panel system;
- Currently ran as a well-known and established Plants Plus business.

Land Size: 1.21ha
Municipality: West Tamar Council
School Catchments: Riverside Primary & Riverside High School
Zoning: Low Density Residential

Sims for Property has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 717 West Tamar Hwy, Legana, TAS 7277

A timeline of how this property has performed in the market
Last Sold
$1,100,000
11 Nov 2024
Listed for Rent
$18k/w
14 Dec 2020
  • 14 Nov 2024
    Sold for $1,100,000
  • 29 Aug 2024
    Listed for Sale Expressions of Interest, Closing 19th of September
  • 06 Sep 2019
    Listed for Rent $18,000 / week
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About Legana 7277

The size of Legana is approximately 31.9 square kilometres. It has 5 parks covering nearly 0.5% of total area. The population of Legana in 2011 was 3,678 people. By 2016 the population was 4,017 showing a population growth of 9.2% in the area during that time. The predominant age group in Legana is 40-49 years. Households in Legana are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Legana work in a professional occupation. In 2011, 85.4% of the homes in Legana were owner-occupied compared with 82.1% in 2016.

Legana has 2,413 properties. Over the last 5 years, Houses in Legana have seen a 71.85% increase in median value, while Units have seen a 55.01% increase. As at 31 October 2024:

  • The median value for Houses in Legana is $752,561 while the median value for Units is $480,325.
  • Houses have a median rent of $550 while Units have a median rent of $468.
There are currently 18 properties listed for sale, and 1 property listed for rent in Legana on OnTheHouse. According to CoreLogic's data, 110 properties were sold in the past 12 months in Legana.

Suburb Insights for Legana 7277

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Contact agent
Richard Sims
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Erin O'Grady
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Sims For Property - Launceston
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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.