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207 Abbotsfield Road, Claremont TAS 7011

In The $700,000's

Search Band Search Visibility Band

$700k - $750k High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 3 Cars 4840 m² 120 m²

Listed: 14 days ago

Updated: 8 hours ago

Overview

This attractive property presents a rare and valuable development opportunity situated on an expansive land parcel totaling approximately 4,882 square metres, complemented by an additional balance lot of around 1,667 square metres. This considerable land size offers the potential for subdivision into up to five additional residential lots, with preliminary plans suggesting the feasibility of creating six generous blocks ranging between 753 and 888 square metres. Substantial preparatory work has been completed, including the installation of a main driveway and retaining wall, underscoring the readiness for development.

The existing residence is a classic three-bedroom home built in 1958, featuring spacious rooms imbued with enduring character and charm. The home is well-suited for families or those desiring a tranquil lifestyle within the peaceful hills of Abbotsfield Road, yet still in close proximity to Hobart city. The property includes a central bathroom, a standalone laundry, and a welcoming living space that extends to both front and rear outdoor entertaining areas, enhancing both comfort and functionality.

Outdoors, the large secure backyard offers ample room for children and pets to play, complemented by a garden shed for storage needs. The current home is tenanted until August 2026, providing an immediate income stream with a rental return of $500 per week.

Located just 20 minutes from Hobart’s vibrant city centre, the property benefits from proximity to essential amenities including schools, medical services, retail precincts, and cultural attractions such as MONA and the My State Bank Arena. The surrounding area enjoys access to scenic walking tracks, parks, local golf courses, and notable wineries in the Derwent Valley, all contributing to a lifestyle marked by convenience and natural beauty.

This property offers a compelling proposition for owner-occupiers, investors, or those looking for a structured development project with existing permits in place. The combination of established accommodation alongside significant development potential within an evolving market represents a distinguished opportunity with prospects for substantial value growth over time.

Local Market Insights

In Claremont, Quiet Listings observed 21 new houses entering the market over the last 30 days, up from 19 during the previous 30-day period, with an average advertised asking price of $791,762. The property type mix of listed properties is predominantly Houses at 62%, followed by units (18%), and land (18%). The most active agency for houses in the Claremont area is currently Petrusma Property – Sandy Bay, representing 43% of new listings, followed by 4one4 with 19%. 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.