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58 Kensington Street
NEW NORFOLK Tasmania 7140

EOI Closing Thursday 26th March 2026 @ 4pm (AEDT)
Search Price: $2,500,000
Property Type: Land/Development
Last Updated: 26 Feb 2026
Overview

RWC Tasmania is pleased to present a remarkable opportunity for development at 'Kensington Park'. This expansive landholding spans approximately 9.3 hectares, strategically located to cater to the increasing housing demand in Tasmania.

Key features of this property include:

  • A generous land area of 9.308 hectares, offering a favorable topography for development.
  • Proximity to New Norfolk High School, enhancing its appeal for residential development.
  • Potential for significant value uplift through rezoning from 'Recreation' to 'General Residential / Mixed-Use', suitable for a master-planned community that includes private, social, and commercial uses.
  • Opportunity to leverage the $10 billion Housing Australia Future Fund subsidies.
  • Recognized as one of the 'Hot 100 Suburbs for 2026', indicating strong regional population growth.

This property is currently vacant and presents a unique chance for developers to create a vibrant community in a growing area.

Location
58 Kensington Street
NEW NORFOLK Tasmania 7140 T
Measurements
Type Dimensions
Land Area Ha 9.31
Floor Area 1 sqm
Market Insights for New Norfolk Tasmania 7140
New Listings (last 30 days)
6
Average price
$524,667
Lowest price
$195,000
Highest price
$949,000
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