SOLD
Sold on 26 Mar 2024 for $1,150,000

132 Lalla Road
Lilydale TAS 7268

Bedrooms: 5
Bathrooms: 4
Car spaces: 6
Floor area: 146m2
Land area: 143400m2
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Property Details for 132 Lalla Rd, Lilydale

Building Type
Commercial
Year Built
1986
Floor Size
146m2
Land Size
143400m2
Local Government
Launceston
Lot/Plan
2/25640

Last Listing description (May 2024)

Perched atop Lilydale, boasting expansive views of Mount Arthur and the undulating hills that surround, 132 Lalla Road unveils a trio of distinct residences, ideal for multi-generational living or tourist accommodations, as one of them is currently utilised. Enjoy the best of both worlds, with idyllic rural country living and multiple income generating short-term stays.

Encompassing 35 acres of gently sloping terrain, predominantly covered in pasture, access to the property from Lalla Road unfolds through a sweeping tree-lined driveway and offers breathtaking panoramas of Lilydale, Mount Arthur and beyond.

The primary residence, constructed with mud brick and cedar wood, consists of two distinct quarters. Recently updated, the main kitchen features profiled cabinetry and bespoke finishes. Revel in breathtaking views from the living area, spanning both north and east. Above, a loft serves as an ideal space for a home office or additional seating. The bedroom and main bathroom for this dwelling are conveniently situated adjacent to each other. Additionally, connected yet separate from this section, is the master bedroom equipped with its own kitchenette and ensuite bathroom-an excellent choice for a third accommodation within the principal dwelling. Slate floors, timber accents, and stained glass windows provide a pleasing contrast to the natural light streaming in from the north-facing aspect of the property.

The secondary independent studio is completely self-contained, featuring its own bathroom, kitchenette, and sitting space. Positioned to capture the advantages of the northerly aspect, this dwelling provides elevated views overlooking Lilydale. Well-suited for extended family and guests, as well as for short-term or long-term letting purposes.

Both of these residences are full of eclectic charm, ultimately offering the best of rural living without compromising on luxury.

The third residence currently functions as a short-term stay accommodation business, boasting robust historical booking levels and established marketing and booking portals-all of which will be included in the sale. This fully self-contained dwelling consists of two generously sized bedrooms, each offering stunning vistas and built-in storage. The bathroom features a walk-in shower, complemented by a separate laundry for guest convenience. The open-plan design of the kitchen, living, and dining areas ensures ample natural light through the north-facing windows.

There are multiple outbuildings on this property, including two separate two bay secure sheds for vehicle storage, a barn for wood, hay, and machinery, and a workshop connected to the one-bedroom studio.

A mixture of both pasture and bush, the majority of the land sloping to the north is pasturised, whilst to the south is partly bush with a large dam for livestock.

Complete with its own hazelnut orchard, enclosed vegetable patch and a collection of established gardens, this is a truly unique and versatile offering with so much to offer. Capitalise on the continued growth within Tasmania's short term rental market or enjoy the peaceful surroundings of this incredibly positioned property.

Situated a mere four minutes from the Lilydale town centre, this location offers a wealth of amenities. Within easy reach are numerous local wineries, shops, cafes, the local district school, medical center, pharmacy, post office and the convenient Lilydale Tavern, all just a short drive away. Bridport is a quick, 35-minute drive, while the city of Launceston is a mere 25 minutes away. Contact Lochie today to register your interest.

Property History for 132 Lalla Rd, Lilydale, TAS 7268

A timeline of how this property has performed in the market
Last Sold
$1,150,000
26 Mar 2024
  • 26 Mar 2024
    Sold for $1,150,000
  • 16 Jan 2024
    Listed for Sale Offers over $1.25m
  • 20 May 2021
    Sold for $850,000
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About Lilydale 7268

The size of Lilydale is approximately 44 square kilometres. It has 3 parks covering nearly 13.3% of total area. The population of Lilydale in 2011 was 659 people. By 2016 the population was 604 showing a population decline of 8.3% in the area during that time. The predominant age group in Lilydale is 0-9 years. Households in Lilydale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lilydale work in a trades occupation. In 2011, 81.4% of the homes in Lilydale were owner-occupied compared with 78.6% in 2016.

Lilydale has 411 properties. Over the last 5 years, Houses in Lilydale have seen a 56.56% increase in median value, while Units have seen a 75.27% increase. As at 31 October 2024:

  • The median value for Houses in Lilydale is $543,814 while the median value for Units is $417,558.
There are currently 2 properties listed for sale, and no properties listed for rent in Lilydale on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Lilydale.

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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.