66 Forest RoadTrevallyn TAS 7250
Property Details for 66 Forest Rd, Trevallyn
66 Forest Rd, Trevallyn is a 4 bedroom, 4 bathroom House. The property has a land size of 5976m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Last Listing description (July 2024)
DA approved development site comprising of an 8 lot land subdivision including approval for the conversion of existing dwelling into 2 up market town houses.
In a market where there are very few sites close to the Launceston CDB and strong demand from buyers looking to downsize to similar sites this represents a project with strong premiums for the purchaser.
The proposed land subdivision offers 8 stunning blocks ranging in size from 461 sqm to a 650 sqm lot suitable for a multi dwelling. The artist impression shows how they would suit upmarket 40 square homes. The existing early 1900s building is currently operating as 4 four flats, generating a weekly rental income of $895 from 4 flats leased on a month-to-month basis.
Key Property Features:
Land Area: Approximately 5883m2
DA Approved 8 lot subdivision
DA approved renovation for 2 up market townhouses
Breathtaking Views: Enjoy panoramic vistas of Launceston City, the Tamar River, and beyond.
Established Location: Situated in a picturesque residential suburb with a scarce supply of development opportunities.
Current Estimated Rental Return: Approximately $46,540 per annum.
Immediate Access: Conveniently located near the West Tamar Highway (approximately 1000 meters away).
Zoning: General Residential (10.0).
Extensive Street Frontage: The property boasts a substantial frontage onto Forest Road.
Due diligence documents and expression of interest forms available on request.
Property History for 66 Forest Rd, Trevallyn, TAS 7250
- 28 Feb 2024Listed for Sale Price Guide 1.8 mil - 2 mil
- 11 Jul 2022Listed for Sale Expressions Of Interest
- 30 Jul 2021Sold for $1,290,000
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