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2/47 Orana Place, Riverside$650,000
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2/47 Orana Place

Riverside, TAS 7250, Australia
$650,000
7058 m²

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About this property

Elders Launceston has the exclusive opportunity to offer for sale this appealing parcel of residential land, prime to be developed for a high-density residential unit development. The property currently comprises two titles, an existing unit on a 692 sqm parcel of land and a vacant lot of some 7,058 sqm containing 11 approved unit sites (PA2024357). The property is situated on the top side of Orana Place in Riverside and benefits from elevated views overlooking the Tamar River and surrounds. Presenting an opportunity to purchase in-one-line or each strata title separately, don't miss your opportunity to secure this in-fill development site in a blue-chip residential location. An additional point of distinction is the unique opportunity to also purchase the neighboring property... a highquality investment property in one of Riverside's most soughtafter locations, this fully renovated and elevated brick home offers immediate income with a secure lease in place until June 2027 at $510 per week.

Property Details

Property Type
land
Listing Type
For Sale
Land Area
7058 m²
Listed
3 months ago

Repayment calculator

$3,151/month
$1,576 /fortnight
Loan $520,000 at 6.10% over 30 years

Upfront costs

Deposit$130,000
Stamp duty$24,623
Conveyancing (est.)$2,000
Total upfront$156,623
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 Riverside

This land in Riverside, TAS 7250 sits within reach of public transport, local shops and nearby schools. It is listed 1% below the $659,000 median of 66 comparable landswithin 5 km.

Schools near Riverside

  • Launceston Christian Schoolcombined · Prep-12 · CoEd
  • Riverside Primary Schoolprimary · K-6 · CoEd
  • St Anthony's Catholic Schoolprimary · Prep-6 · CoEd
  • Riverside High Schoolsecondary · 7-11 · CoEd

What's nearby

  • West Tamar Rd / Windsor Dr In (bus)562 m away
  • BWS432 m away
  • Riverbank Reserve549 m away
  • Camina Court Reserve1.5 km away
  • Unnamed1.6 km away

Riverside at a glance

Full suburb profile
Population
7,326
Median age
40
Household income
$1,519/wk
Median rent
$300/wk
Median mortgage
$1,440/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Riverside price trend

Median sold · House 3 bed

Compound growth +3.1% / yr over 4 yrs

$658kcurrent median

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1 price change recorded for this property

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