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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

5 Wallace Street
Bridgewater, TAS 7030

Offers Over $695,000

3
Bed
1
Bath
4
Cars
Land Size: 991 sqm
Property Type: House
Listed Date: 27th Apr 2026
Overview

Renovated character on the river edge

Positioned on a highly desirable waterfront parcel, this late 1800s built residence offers a unique lifestyle defined by the serene tides and changing light of the Derwent River. Nestled in a private enclave on the western side of the Bridgewater Bridge, the property is enveloped by lush, landscaped gardens, providing a tranquil and secluded sanctuary for residents and their families.

The main living areas feature modern hybrid flooring that delivers a sleek and durable finish, beautifully contrasting with the timber-clad walls that preserve the Victorian character of this meticulously maintained home. A freestanding Scandia wood heater adds warmth and ambiance during cooler Tasmanian evenings, enhancing the home's inviting atmosphere.

The kitchen is a standout feature, thoughtfully upgraded to a sophisticated culinary space. It boasts stone benchtops, a high-efficiency induction cooktop, a double oven, and timeless tile splashbacks. Double-glazed cafe windows facilitate effortless entertaining by connecting the kitchen to the outdoor areas where guests can mingle comfortably.

The master suite is a private retreat with glass stacker doors that open onto a secluded courtyard deck, ideal for enjoying a peaceful morning coffee. Another bedroom includes a built-in double bunk, perfect for children's sleepovers or accommodating visiting family members. All three bedrooms are bright and filled with natural light, complemented by quality sisal carpeting underfoot.

The bathroom has been expertly renovated to provide a luxurious spa-like experience, featuring a generous double shower and a deep freestanding bath. An internal laundry offers clever joinery and ample storage space, enhancing the home's functionality.

Externally, the property is fully fenced for security and peace of mind. It includes a charming cubby house and a large powered garage and workshop, suitable for creative or professional pursuits. The location invites residents to immerse themselves in the natural beauty of the river, whether launching a kayak at sunrise, fishing, or observing local birdlife from the backyard. The nearby coastal Dromedary walk offers additional outdoor recreational opportunities.

Conveniently located within a five-minute drive of two shopping centres, a Catholic primary school, and a public high school, the property also benefits from easy access to public transport. The Brighton business hub is less than ten minutes away, Glenorchy city CBD is approximately fifteen minutes by car, and the Hobart CBD is a further ten-minute commute.

  • Expertly renovated late-1800s residence
  • Absolute waterfront lifestyle with direct river access
  • Designer kitchen with stone benchtops and induction cooking
  • Master retreat with private courtyard deck and sisal carpets
  • Luxury bathroom featuring a freestanding bath and double shower
  • Large powered workshop and secure, fully fenced yard

Council rates are approximately $1,800 per annum, with water rates around $1,000 per annum. The estimated rental income ranges between $650 and $700 per week.

Disclaimer: Every effort has been made to ensure the accuracy of the information provided. However, no guarantee can be given, and interested parties should conduct their own enquiries to verify details.

Location
5 Wallace Street
Bridgewater TAS 7030
Measurements
Type Dimensions
Floor Area 108 sqm
Market Insights for Bridgewater TAS 7030
New Listings (last 30 days)
7
Average price
$691,286
Lowest price
$450,000
Highest price
$1,095,000
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* 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.