SOLD
Sold on 30 Jan 2024 for $1,120,000

218 Underwood Road
Underwood TAS 7268

Bedrooms: 3
Bathrooms: 2
Car spaces: 5
Floor area: 162m2
Land area: 314900m2
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Property Details for 218 Underwood Rd, Underwood

218 Underwood Rd, Underwood is a 3 bedroom, 2 bathroom House with 5 parking spaces and was built in 1940. The property has a land size of 314900m2 and floor size of 162m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom House sold in Underwood in the last 12 months.

Building Type
House
Year Built
1940
Floor Size
162m2
Land Size
314900m2
Local Government
Launceston
Lot/Plan
1/41693

Last Listing description (April 2024)

Nestled in a serene valley just a twenty-minute drive from the city lies "Gryphonwood." This picturesque property is bordered by the breathtaking Pipers River, spanning 73 acres of roughly equal parts of workable land, bushland, and a river gorge. The riverfront sections sit at an elevation of 260m above sea level, while the highest vines reach 310m. Once home to Gryphonwood Vineyard, renowned for producing a diverse range of exquisite wines over many years, and now offered for sale, offering a versatile opportunity for various private or commercial ventures (STCA).

A substantial portion of the vineyard infrastructure remains intact. The property features a charming four-bedroom family home with a generously sized open-plan kitchen, living, and dining area, this space benefits from a northerly aspect and extends onto a wrap-around front verandah, offering ample opportunities for year-round entertainment.

Comprising four spacious bedrooms, the master with walk-in robe and ensuite bathroom, two of the three remaining bedrooms offer generous built-in storage. With access available from both Lilydale Road and Underwood Road, there's additional potential to subdivide the land into smaller parcels, establish short-term visitor accommodation or a cellar door on the cliff (all STCA), which would offer stunning views over Pipers River.

Externally there is a single carport plus a huge machinery shed/workshop and storage facility for all needs. Further up the site there is an additional storage shed and other outbuildings. Bordering the river, water is provided by a catchment dam high on the property plus the ability to pump from the boundary river for stock and domestic purposes.

Families can relish in the numerous riverfront swimming spots, camping areas perfect for weekend adventures in your very own backyard, and the overall enriching lifestyle this property offers. Underwood is a stunning area of undulating surrounds and a mix of farmland and native bush, only a picturesque 20-minute drive from Launceston's CBD, contact Lochie today to experience the serenity for yourself!

Property History for 218 Underwood Rd, Underwood, TAS 7268

A timeline of how this property has performed in the market
Last Sold
$1,120,000
30 Jan 2024
  • 30 Jan 2024
    Sold for $1,120,000
  • 21 Nov 2023
    Listed for Sale Expressions of Interest
  • 17 Sep 2019
    Listed for Sale $750,000
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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 58.79% increase in median value. As at 31 October 2024:

  • The median value for Houses in Underwood is $787,433 while the median value for Units is $432,047.
There are currently 1 property listed for sale, and no properties listed for rent in Underwood on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Underwood.

Suburb Insights for Underwood 7268

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Contact agent
Lochie Reid
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Living Here Launceston
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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.