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144 Cherry Farm Road, Underwood$900,000
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144 Cherry Farm Road

Underwood, TAS 7268, Australia
$900,000
4 bed 2 bath 2 car6.37 ha

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About this property

Discover the perfect blend of lifestyle and income just 22 minutes from Launceston. Set on over 6 hectares of scenic countryside, this property offers not only space and serenity but the chance to generate real income through short-stay accommodation and more. Previously operated as a successful NDIS retreat, this property offers significant potential for Airbnb income, multigenerational living, or savvy buyers seeking to capitalise on a proven rural escape model amidst strong demand in Tasmania. The main residence has undergone approximately $100,000 in renovations, blending country charm with modern comfort. The separate, beautifully constructed tiny home currently configured with one bathroom and the potential for two sleeping areas would cost approximately $250,000 to replace, offering the potential for short-stay accommodation or guest use. Key Features: 6.37ha (approx.) of flat, usable land with improved drainage ideal for horses or livestock Main residence: 2 bedrooms, 1 bathroom, renovated with approximately $100,000 worth of improvements Tiny home: 1 bathroom, potential for 2 sleeping areas approx. $250,000 to replace Combined dwelling Airbnb assessment: Up to $80,000 p.a. 13m x 8m powered and heated workshop perfect for trades, storage, or guest activities Large dam connected to an irrigation system for low-maintenance gardens and grounds 7-minute drive to Lilydale village Close to Hollybank Reserve, Treetop Adventure Park & the Tamar wine route all major drawcards for short-stay guests 30 minutes to Bridestowe Lavender Estate, Janz & Pipers Brook wineries 40 minutes to Bridport Beach perfect for coastal day trips and guest recommendations Peaceful, private, and bursting with potential to create a retreat, rural Airbnb, or lifestyle venture Whether you're dreaming of running your own country Airbnb, creating a wellness or NDIS retreat, or simply seeking a beautiful dual-living setup with income options, this property offers one of the most flexible opportunities on the market. Airbnb Estimate- Main Residence: Up to $45,000 p.a. Tiny Home: Up to $35,000 p.a. Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
4
Bathrooms
2
Parking
2
Land Area
6.37 ha
Listed
3 months ago

Repayment calculator

$4,363/month
$2,182 /fortnight
Loan $720,000 at 6.10% over 30 years

Upfront costs

Deposit$180,000
Stamp duty$35,685
Conveyancing (est.)$2,000
Total upfront$217,685
Verify with TAS revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Underwood

This 4-bedroom house in Underwood, TAS 7268 sits within reach of local amenities. It is listed 0% above the $899,000 median of 4 comparable houseswithin 5 km.

Underwood at a glance

Full suburb profile
Population
391
Median age
48
Household income
$1,812/wk
Median rent
$275/wk
Median mortgage
$1,411/mo

Source: ABS Census.

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