1 Saltbush Road

Risdon Vale TAS 7016

89 m²

924 m²

House

Currently for sale - view listing

Overview

Development Opportunity with Existing Home and Multiple Future Options (STCA)

Positioned on a substantial 924m² parcel of land, this property presents an outstanding opportunity for investors, developers and land bankers seeking immediate income with significant future upside. The existing three-bedroom home offers comfortable accommodation with timber flooring, character features and a practical floor plan incorporating a separate living area, dining space and functional kitchen. A heat pump provides year-round comfort, while the carport and separate shed add further convenience for tenants or owner-occupiers. Currently offering strong rental appeal, the property provides the flexibility to generate income while plans for the future are explored. The generous landholding creates exciting possibilities for subdivision, strata development or additional dwellings (STCA), making this a rare opportunity to secure both cash flow and development potential in one package. Of particular interest is the potential for access from neighbouring Sycamore Road (STCA), which may enhance future development outcomes and provide greater flexibility for site design and subdivision options. Key Features: • 924m² allotment • Existing three-bedroom home • Timber flooring and original character features • Heat pump for year-round comfort • Carport and separate shed • Strong rental yield potential • Potential subdivision, strata development or additional dwellings (STCA) • Potential access from Sycamore Road (STCA) • Opportunity to hold, rent, develop or land bank for the future Properties offering a sizeable parcel of land, an established dwelling and multiple development pathways are increasingly difficult to find. Whether your strategy is immediate rental return, future subdivision or a larger redevelopment project, this property offers the flexibility to pursue a range of investment outcomes. The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.