Back 253 Cambridge Rd
Off Market

253 Cambridge Rd

Warrane TAS 7018

3
1
3
93 m²
749 m²
House
David GunningDavid Gunning, last sold this property on 15 December 2025 after 48 days on market.

Overview

Prime Development Opportunity with Renovated Home on Generous Block

Ideally positioned in an ultra convenient location, this beautifully updated property presents a rare opportunity for investors, and developers alike. Set on a generous 749m² (approx.) block, the possibilities here are endless-explore subdivision or redevelopment potential (STCA), or simply enjoy the rental yield from a popular home in a convenient locale! The residence itself has been stylishly refurbished throughout, featuring a bright, open-plan kitchen, dining, and living area bathed in natural light. The modern kitchen overlooks the expansive rear yard-offering a clear view of future development potential. Three well-proportioned bedrooms (including a main with built-in wardrobes), a contemporary bathroom, and a separate toilet complete the functional floorplan. Outside, the sunny, fully fenced backyard provides an excellent space, complemented by a garage/workshop for added practicality. Conveniently located just 10 minutes from both the Hobart CBD, and close to shops, schools, and essential amenities, this property delivers strong appeal across the board. Whether you're seeking an immediate return on investment, a long-term upside to move in down the track, or an investment with significant development potential (STCA), this opportunity is not to be missed. Currently tenanted at $505 per week to a quality tenant until October 2026. Taswater Rates: $1,272.48 pa (approx) Council Rates: $1874.55 (approx)

Features

3 bedrooms
1 bathroom
3 carspaces
2 open car spaces
1 garage space
93 m² floor area
749 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Warrane over the last 12 months, the estimated median property value of 253 Cambridge Rd is $585k.

Median value
$585k
Estimated value range
$450k - $750k
Median days on market
24
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Warrane. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 253 Cambridge Rd

2026
Rented
Undisclosed
Leased on 03 Mar 2026 by Petrusma Property New Town
2025
Sold
Undisclosed
15 Dec 2025 by David Gunning, of EIS Property Hobart
2024
Rented
Undisclosed
Leased on 06 Oct 2024 by EIS Property Hobart

Happy sellers in Warrane

89%
89% of sellers in Warrane reported that their sale price either exceeded or met their price expectations.

Warrane stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Warrane over the last 12 months.

Local market activity for 3 bedroom houses in Warrane

In the last 12 months, 26 three-bedroom houses similar to 253 Cambridge Rd, have been sold.

This represents a 12% decrease in three-bedroom houses sales when compared to the previous 12 months.

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