120 Karoola RoadLindisfarne TAS 7015
Property Details for 120 Karoola Rd, Lindisfarne
120 Karoola Rd, Lindisfarne is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 1460m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom House sold in Lindisfarne in the last 12 months.
Last Listing description (October 2024)
Strategically located just beyond the urban commotion yet close to the conveniences and local amenities of Lindisfarne Village, this property presents a compelling opportunity for development and investment.
A recent building inspection has revealed that the current weatherboard residence, built in 1930, is in very poor condition. A copy of this inspection report is available upon request. The house, though significantly neglected, comprises two bedrooms, a separate living area, and a basic kitchen/dining space, with bathroom and laundry facilities at the rear. The existing layout could potentially be reconfigured to optimise space and take full advantage of the breathtaking views of the Derwent Bridge and cityscape.
The property's expansive land and prime location offer numerous possibilities for expansion at both the front and rear. For those considering redevelopment, the site is ideal-subject to Council approval-for creating multiple dwellings. Its remarkable, ever-changing panorama overlooking Hobart's landmarks makes it perfect for constructing high-quality townhouses or a new residence (STCA).
In summary, 120 Karoola Street offers a rare chance to secure prime real estate in this sought-after and esteemed locale, whether the goal is to renovate the existing structure or pursue a complete redevelopment.
Property History for 120 Karoola Rd, Lindisfarne, TAS 7015
- 01 Oct 2024Sold for $450,000
- 27 May 2024Listed for Sale $550,000+ price range
- 20 Feb 2014Listed for Sale OFFERS OVER 395000
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About Lindisfarne 7015
The size of Lindisfarne is approximately 6.9 square kilometres. It has 8 parks covering nearly 25% of total area. The population of Lindisfarne in 2011 was 5,641 people. By 2016 the population was 6,187 showing a population growth of 9.7% in the area during that time. The predominant age group in Lindisfarne is 60-69 years. Households in Lindisfarne are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lindisfarne work in a professional occupation. In 2011, 76.1% of the homes in Lindisfarne were owner-occupied compared with 71.3% in 2016.
Lindisfarne has 2,848 properties. Over the last 5 years, Houses in Lindisfarne have seen a 40.78% increase in median value, while Units have seen a 29.06% increase. As at 30 November 2024:
- The median value for Houses in Lindisfarne is $748,851 while the median value for Units is $540,301.
- Houses have a median rent of $580 while Units have a median rent of $465.
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