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Overview
4.12ha Residential Development Opportunity within a high-growth corridor
This property offers a substantial 4.12 hectare (approximately 41,200 square meters) single-title landholding located at 21 Matipo Street, Risdon Vale, within one of Greater Hobart's most accessible and rapidly growing corridors. It presents an exceptional opportunity to meet the increasing housing demand in the region.
The land features a favourable topography that is well-suited for efficient construction and development. A comprehensive proposed subdivision plan has been prepared, detailing 51 residential lots with a diverse range of sizes from approximately 453 square meters to 1,177 square meters. Additionally, the plan includes a commercial allotment of approximately 1,411 square meters, providing mixed-use development potential.
The property benefits from existing 'General Residential' zoning under the Tasmanian Planning Scheme for Clarence, which facilitates fast development potential in a market where supply is constrained. The development plan integrates public open space, with a proposed parkland allocation of approximately 2,342 square meters designed to enhance community liveability and provide recreational amenities for future residents.
Included within the landholding are two existing residential dwellings that currently generate a gross annual income of approximately $56,420. This income stream adds value to the investment while development plans are progressed.
The site offers strategic master-planning potential, suitable for a variety of residential outcomes including private housing, social housing, and affordable housing projects. This aligns with broader housing initiatives and funding opportunities, such as the $10 billion Housing Australia Future Fund (HAFF), which supports large-scale social and affordable housing developments.
Overall, this property represents a prime development opportunity in a high-growth corridor with strong demand for residential land. Its size, zoning, and proposed subdivision plan make it an attractive prospect for developers and investors seeking to capitalize on the expanding housing market in the Greater Hobart area.
Key features include:
- Substantial 4.12 hectare landholding with favourable development topography
- Proposed subdivision plan for 51 residential lots and one commercial allotment
- Lot sizes ranging from approximately 453 sqm to 1,177 sqm
- Commercial allotment of approximately 1,411 sqm
- Existing 'General Residential' zoning enabling fast development
- Integrated public open space with a 2,342 sqm parkland allocation
- Two existing residential dwellings generating gross income
- Strategic master-planning potential for diverse residential outcomes
- Opportunity to leverage Housing Australia Future Fund for social and affordable housing
Approximate measurements and details are provided to assist with planning and investment decisions.
Change History
| Headline | When |
|---|---|
| Private Treaty Offers In Excess Of $3,600,000 | |
| Private Treaty Offers In Excess Of 3,600,000 |
Location
Risdon Vale TAS 7016
Market Insights for Risdon Vale TAS 7016
Other properties in this postcode
Buyers Guide $475,000 - $510,000*
53 Poplar Road, Risdon Vale TAS 7016
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
