6 Meadow Bank Rd
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About this property
If you are exploring the opportunity to develop multiple dwellings. This land lot is perfect and profitable for you! All essential amenities are nearby including UTAS, other top-ranked schools, main shopping strip on Invermay Rd, clinics, etc. Also, you'll relish breathtaking views of the picturesque Mowbray Golf Course just stone-throw away next to your residence. This block of land is at size of 1,861 sqm and comes with council approved development plan to build 4 modern double-storey units with great views of golf course. The floorplans of these 4 units all come at the size over 200 sqm per each with 4 bedroom 3 bathroom and double garage, which will be very popular on the market especially after COVID pandemic that people can have more spaces working from home comfortably. The location is just 10 mins' drive from Launceston CBD and Newnham has been ranking as top suburb that buyers are looking for. Now the neighbour house in same size is for sale at $700,000 on the market, which means profitable potential for this development land. *Council approved plans of 4 units on the lot *Great location in the central area of Newnham *With picturesque views of the golf course next to the lot *All amenities are nearby *Return on the development will be above 20% Don't miss out this great opportunity to build your dream house or do the development for profit! Feel free to contact the agent to have further discussion: Ashley Shen 0451189066
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Bathrooms
- 3
- Land Area
- 1861 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Newnham
This land in Newnham, TAS 7248 sits within reach of public transport, local shops and nearby schools. It is listed 13% below the $549,000 median of 55 comparable landswithin 5 km.
Schools near Newnham
- Australian Christian College - Launcestoncombined · Prep-10 · CoEd
- Mastery Schools Australia - Launcestonspecial
What's nearby
- George Town Rd Stop 14 Out (bus) — 789 m away
- Mission Shop — 811 m away
- Torrens Street Park — 585 m away
- Laver Grove Park — 589 m away
- Cornwall Crescent Reserve — 1.0 km away
Newnham at a glance
Full suburb profile- Population
- 7,073
- Median age
- 34
- Household income
- $1,223/wk
- Median rent
- $270/wk
- Median mortgage
- $1,300/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Newnham price trend
Median sold · House 3 bed
Compound growth +6.7% / yr over 4 yrs
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Price history
Listing price changes
1 price change recorded for this property
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