Prime Glenorchy Development Opportunity Awaits

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11 Fleming Street, Glenorchy TAS 7010

$899,000+

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$899k - $944k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1831 m² 167 m²

Listed: 16 minutes ago

Overview

This property presents an exceptional development opportunity in the heart of Glenorchy, a suburb that offers a thriving community atmosphere combined with convenient urban amenities. Situated on a sizeable 1831 square meter parcel of land, the existing circa 1957-built dwelling contributes a solid foundation for either renovation or redevelopment, subject to council approval.

The residence includes three bedrooms and one bathroom, reflecting a traditional layout suitable for family living while offering potential to enhance or transform the space. Its layout and general structure serve as a canvas for various development options, appealing to investors or developers seeking a foothold in a growing market.

Glenorchy benefits from excellent access to public transport, facilitating easy commutes to Hobart and surrounding areas. The suburb is well served by shopping centres, parks, and reputable schools, providing a comprehensive lifestyle package that meets the needs of families and professionals alike.

The substantial land size provides scope for expansion, subdivision, or complete redevelopment, making this a versatile asset. The combination of an established home and large land holding positions this property as an ideal prospect for those looking to capitalize on Glenorchy's increasing demand and vibrant community growth.

Prime location offering development potential with planning approval.
Existing solid three-bedroom family home with single bathroom.
Generous 1831 sqm land area allowing for various development possibilities.
Close to essential amenities including transport, schools, shopping, and parks.
Strong investment or renovation prospect in an evolving suburb.

This offering is suited for investors and developers aiming to leverage Glenorchy's upward market trends or families seeking a property with room to grow. The opportunity to renovate or redevelop affords flexibility to tailor future land use according to individual objectives, all within an accessible, community-focused location.

Local Market Insights

In Glenorchy, Quiet Listings observed 19 new houses entering the market over the last 30 days, down from 24 during the previous 30-day period, with an average advertised asking price of $723,158. The property type mix of listed properties is predominantly Houses at 79%, followed by units (17%), and duplexes (4%). The most active agency for houses in the Glenorchy area is currently 4one4, representing 53% of new listings, followed by EIS Property with 21%. 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.