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150 – 152 Channel Highway, Taroona TAS 7053

Offers Over $1,950,000

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$1.95M - $2.05M Transparent Transparent Listing Based on an openly advertised listing price.

House 7 Beds 3 Baths 4 Cars 2101 m² 328 m²

Listed: 15 days ago

Updated: 8 hours ago

Overview

This unique property portfolio presents an exceptional opportunity for renovators, developers, or investors looking to capitalize on a sought-after beachside location in Taroona, just minutes from Hobart’s CBD and the vibrant Sandy Bay precinct. Comprising two separate titles with existing residences, the site benefits from rare architect-designed plans to develop a multi-dwelling project, including 18 residential units and three commercial spaces, alongside ample parking facilities and bicycle storage.

Positioned on the water side of the Channel Highway, the properties offer desirable northern exposure, flooding interiors with natural light throughout the day and capturing beautiful water views across the River Derwent. Its proximity to picturesque beaches and scenic foreshore tracks enhances recreational lifestyle options, appealing to those valuing outdoor activities and coastal living.

The first house, built in 1950, is a solid brick residence featuring three bedrooms, two bathrooms, and a comfortable internal area of approximately 142 sqm on a land parcel of about 1126 sqm. The second, a 1961 weatherboard home, extends over approximately 186 sqm internally with four bedrooms and one bathroom, situated on roughly 975 sqm of land. Both houses are currently tenanted, providing immediate rental income potential.

This property is well-suited to buyers seeking a strategic development project or a premium lifestyle investment in a tightly held suburb renowned for its safety, scenic beauty, and community facilities such as schools, parks, and recreational venues. With major infrastructure projects underway in the region expected to boost growth, this offering combines established living with future development potential.

Investing here provides a chance to enter a marketplace poised for significant transformation, bolstered by Tasmania’s commitment to economic expansion and sustainability. The location’s accessibility, community atmosphere, and development possibilities position this asset as a compelling prospect for forward-thinking purchasers.

Local Market Insights

In Taroona, Quiet Listings observed 10 new houses entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $1,378,300. The property type mix of listed properties is predominantly Houses at 91%, followed by units (9%). The most active agency for houses in the Taroona area is currently Petrusma Property – Sandy Bay, representing 60% of new listings, followed by Fall Real Estate with 30%. 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.