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11 Pendennis Street, Riverside TAS 7250

Offers Over $695,000

Search Band Search Visibility Band

$650k - $700k High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 2 Cars 664 m²

Listed: 9th Aug 2026

Updated: 13 hours ago

Overview

Set within one of Riverside’s most sought-after enclaves, this solidly constructed house occupies a substantial 664 square metre allotment, offering both space and potential. Ideal for investors, this property is currently tenanted long term, providing an immediate income stream and stability in a consistently popular suburb close to Launceston’s CBD.

The location is one of significant convenience, with local amenities such as Riverside Shopping Centre, reputable schools, and parks all just minutes away. This accessibility makes the home appealing to families and owner-occupiers alike who desire both community and lifestyle benefits.

Inside, the accommodation is comprised of three comfortable bedrooms alongside a central bathroom. The living areas are notable for their light and openness, with a lounge that flows directly into a dining space, both benefiting from attractive views over the West Tamar. The kitchen, while retaining a retro charm, is practical and functional, supporting everyday living.

Comfort throughout the year is managed with split-system heating and cooling, ensuring the home remains inviting regardless of Tasmania’s seasonal variations. Adding to the functional appeal, the lower level houses a generously sized rumpus room and a second toilet, extending the living possibilities. The secure garage, with drive-through access, enhances practicality for parking, storage, or hobby activities with convenient rear yard access.

The backyard is a manageable size, presenting opportunities for personalisation and enhancement over time. The combination of its solid foundations and thoughtful layout endows this property with both immediate usability and long-term value potential. This offering represents a rare chance to secure a well-maintained Riverside residence that balances lifestyle, income, and future growth in one package.

Local Market Insights

In Riverside, Quiet Listings observed 60 new houses entering the market over the last 30 days, up from 46 during the previous 30-day period, with an average advertised asking price of $780,417. The property type mix of listed properties is predominantly Houses at 57%, followed by land (21%), and units (15%). The most active agency for houses in the Riverside area is currently Harcourts, representing 20% of new listings, followed by Harrison Humphreys Real Estate with 18%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.