OFF MARKET

1/234 Cherry Farm Road
Underwood TAS 7268

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 271139m2
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Property Details for 1/234 Cherry Farm Rd, Underwood

Building Type
Land
Land Size
271139m2
Local Government
Launceston

Last Listing description (July 2017)

67 acres of bush with a Northerly aspect.
Also offering a dam and includes approx 5 hectares of cleared land suitable as the house site and a small hobby farm.
Elevated areas give terrific views of the surrounding valley. Located on the Pipers River boundary.

The majority of the title is bush with the cleared area near the existing Cherry Farm.
The lot is zoned Rural Resources.
The Proponent requires an Agricultural Report, a Bush Fire Hazard Management Plan, also a Flora and Fauna Report to meet Council requirements to be able to consider approval for a dwelling. However, this report has now been completed by the owners in 2014.
A home can be built on this land if in accordance with all building and planning criteria by the Launceston City Council.

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Property History for 1/234 Cherry Farm Rd, Underwood, TAS 7268

A timeline of how this property has performed in the market
  • 06 Mar 2017
    Listed for Sale Price Upon Application
  • 14 Nov 2016
    Listed for Sale $145,000
  • 24 Dec 2015
    Listed for Sale $220,000

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About Underwood 7268

The size of Underwood is approximately 89.7 square kilometres. It has 8 parks covering nearly 47.9% of total area. The population of Underwood in 2011 was 407 people. By 2016 the population was 354 showing a population decline of 13.0% in the area during that time. The predominant age group in Underwood is 50-59 years. Households in Underwood are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Underwood work in a professional occupation. In 2011, 89.7% of the homes in Underwood were owner-occupied compared with 87% in 2016.

Underwood has 206 properties. Over the last 5 years, Houses in Underwood have seen a 69.44% increase in median value. As at 30 September 2024:

  • The median value for Houses in Underwood is $845,298 while the median value for Units is $449,824.
There are currently 1 property listed for sale, and no properties listed for rent in Underwood on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in Underwood.

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