LINDISFARNE

172A DERWENT AVE

AN opportunity like this deserves immediate attention.

Located in a popular and tightly held position on Derwent Ave, this Lindisfarne property has the potential for building multiple townhouses with breathtaking views of the Derwent River and Tasman Bridge.

A previously approved planning permit for an extra three dwellings alongside the original home lapsed in 2014.

However, there lies a precedent for the site’s potential.

And the current owner can be flexible with a long-term settlement if desired.

Petrusma Property sales manager David McLeod described No.172A Derwent Ave as a “once-in-a-lifetime opportunity”.

He said development sites of this land size in Lindisfarne — encompassing a substantial 2122sq m — no longer exist.

“This is a very rare and unique chance to secure an outstanding investment prospect,” he said.

The property is currently home to a 1950s-built weatherboard two-bedroom home.

It is surprisingly spacious and beautifully presented.

The home’s attractive mountain and river views will be the envy of anyone that comes to visit.

The extensive views can be enjoyed from most areas of the home, including the rear deck.

The dwelling boasts bright and sunny open-plan living space with a lounge and a dining room.

There is a well-equipped kitchen and an immaculate bathroom with a corner bath that will beckon at the end of a long day.

For vehicles, there is an undercover carport and off-street parking for two cars.

Entry into the home is via a porch with the bedrooms to the left and the living zone to the right.

The house is currently tenanted. It could be a source of income while the next owner plans their prestigious Lindisfarne development, or the house could be upgraded along with any new building works.

The property is bathed in morning and afternoon sun.

Lindisfarne is a highly sought-after suburb and this property is close to the popular Natone Hill Nature Reserve, Anzac Park and Lindisfarne Village with many shops, walking tracks, cafes and schools nearby.

This property also offers easy access to public transport as it is on the bus route to Rosny Park and Hobart.

Per realestate.com.au data there has been 77 houses and 26 Lindisfarne units sold in the past 12 months.

In that time the median house price has climbed by over 9 per cent. while unit prices increased by almost 4 per cent.