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Overview
This rare 569 square meter parcel of land is nestled in one of Sandy Bay's most prestigious and sought-after pockets, setting the stage for a truly exceptional property development opportunity. Just moments from notable landmarks such as Wrest Point Casino and the serene shores of the River Derwent, the site has the potential to afford sweeping water views, making it an ideal canvas for aspiring homeowners or investors aiming to create an architectural statement that reflects the elite location.
The land's location offers unparalleled convenience while maintaining a prestigious setting. It is situated within easy reach of Hobart's vibrant CBD, Salamanca's cultural precinct, renowned schools, beaches, and an array of restaurants and other lifestyle amenities that embody the unique charm of Sandy Bay living.
Buyers looking for flexibility to design a custom home can appreciate the freedom this opportunity presents, although it's important to note that previous council and planning approvals have lapsed. Any future development will require new approvals to be obtained, ensuring that the property's evolution harmonizes with community standards and regulations.
Whether envisioned as a striking architect-designed residence or held as a long-term blue-chip investment, this land parcel offers a rare chance to secure a premium site that combines location, potential, and lifestyle in equal measure.
Local Market Insights
In Hobart, Quiet Listings observed 5 new parcels of land entering the market over the last 30 days, down from 14 during the previous 30-day period, with an average advertised asking price of $434,000. The property type mix of listed properties is predominantly Houses at 72%, followed by units (12%), and villas (6%). The most active agency for land in the Hobart area is currently Harcourts, representing 40% of new listings, followed by Homelands Property with 20%. 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.
Location
Market Insights for Sandy Bay TAS 7005
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