OWNER PREPARED TO MEET MARKET
With over 500m of Coastal Reserve Frontage and overlooking the sweep of Ralph s Bay on the Eastern Shore of the Derwent River, this 38 acre (approximately) property boasts spectacular views across to the South Arm Neck, Betsy Island and the ocean.
This property offers several potential home sites, there is power on the Land and it has its own access off South Arm Road.
The size of South Arm is approximately 9.2 square kilometres. It has 5 parks covering nearly 4% of total area. The population of South Arm in 2011 was 833 people. By 2016 the population was 851 showing a population growth of 2.2% in the area during that time. The predominant age group in South Arm is 60-69 years. Households in South Arm are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Arm work in a professional occupation. In 2011, 82.5% of the homes in South Arm were owner-occupied compared with 81.2% in 2016.
South Arm has 577 properties. Over the last 5 years, Houses in South Arm have seen a 55.71% increase in median value. As at 31 October 2024:
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