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7 Montrivale Rise, Dynnyrne TAS 7005

Offers Invited

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$550k - $600k Medium Confidence Calculated based on our search observations.

Land 1605 m²

Listed: 17 days ago

Updated: 3 hours ago

Overview

Situated within the prestigious suburb of Dynnyrne, this expansive sloping land parcel presents a unique opportunity for a discerning buyer. Encompassing approximately 1,605sqm, the allotment enjoys an elevated position on the high side of Montrivale Rise, capturing sweeping panoramic views over the Derwent River and kunanyi/Mount Wellington. This scenic vista offers an inspiring backdrop ideal for a future home or development.

The property previously had approval for four townhouses (subject to council approval), which provides insight into its potential. With the previous permit expired, there is greater flexibility for buyers to envision development possibilities that fit their ambitions, whether building bespoke dwellings or a private family residence.

This generous site is well suited for families seeking ample outdoor space in a tranquil semi-rural city-fringe location. It offers room for children and pets to roam freely while maintaining proximity to everyday conveniences.

Conveniently located approximately 1 kilometre from South Hobart and Sandy Bay shopping precincts, and about 3 kilometres from both the University of Tasmania and the Hobart CBD, residents benefit from balance between city access and peaceful surroundings. The nearby Waterworks Reserve adds environmental and recreational appeal.

Large, elevated sloping allotment of 1,605sqm (approx.)
Expansive panoramic views of river and mountain landscape
Opportunity to design and build a dream home or consider redevelopment
Previous townhouse approval for four dwellings (STCA)
Prestigious, tightly held, and convenient city-fringe setting
Close to schools, shopping, university facilities, and the central business district

Additional community and council charges include approximate annual council rates of $3,450 and fixed water rates around $1,000. This property encourages possibilities for first home buyers, investors, and developers alike.

Local Market Insights

In Dynnyrne, Quiet Listings observed 5 new parcels of land entering the market over the last 30 days, with an average advertised asking price of $819,000. The property type mix of listed properties is predominantly Houses at 60%, followed by units (12%), and land (12%). The most active agency for land in the Dynnyrne area is currently Petrusma Property – Sandy Bay, representing 60% of new listings, followed by EIS 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.