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251-259 Alanvale Road, Newnham TAS 7248

EOI

Search Band Search Visibility Band

$7M - $8M Medium Confidence Calculated based on our search observations.

Land 171 acres

Listed: 4 days ago

Updated: 6 hours ago

Overview

Situated within Launceston’s established northern residential corridor, this expansive landholding at Fairlands presents a substantial opportunity for residential development. The property encompasses 69.08 hectares with approximately 33 hectares designated as developable land, making it an attractive proposition for large-scale residential projects.

A key feature of this site is the 10 hectares of land already zoned General Residential, offering immediate potential development frontage to Alanvale Road. Additionally, there are 23 hectares of Rural zoned land identified for a future council rezone to General Residential, providing significant longer-term upside as demand for housing in the area grows.

Fairlands is a significant component of the Alanvale Neighbourhood Plan, placing it strategically within future urban planning priorities. The estimated rezone timeline for the Rural land is approximately two years, which underscores the property's combination of immediate and strategic development prospects.

The location benefits from proximity to existing established residential neighbourhoods, which have a strong history of successful land transactions, indicating a stable and desirable market environment. This is complemented by a substantial holding income generated by three existing dwellings on the property, highlighting a practical revenue stream while development plans progress.

Approximately 33 hectares of land suitable for development
10 hectares zoned General Residential with road frontage
23 hectares currently Rural Zoned with planned future rezoning
Integral part of Alanvale Neighbourhood Plan
Located in a mature and desirable residential precinct with proven market activity
Income from existing dwellings providing holding returns

This offering is well suited to developers seeking both near-term construction opportunities and longer-term land banking within a growth area. The scale and strategic positioning of the land make it a rare and valuable asset within Tasmania's residential market.

Local Market Insights

In Launceston And North East, Quiet Listings observed 39 new parcels of land entering the market over the last 30 days, up from 18 during the previous 30-day period, with an average advertised asking price of $558,077. The property type mix of listed properties is predominantly Houses at 68%, followed by land (16%), and units (9%). The most active agency for land in the Launceston And North East area is currently Harcourts, representing 72% of new listings. 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.