Back 5 Sheraton Close
Off Market

5 Sheraton Close

Riverside TAS 7250

871 m²
Land
Last sold for $355,000
David ParryDavid Parry, last sold this property on 12 January 2026 after 171 days on market.

Overview

Prime Residential Land Opportunity in Riverside

Discover the potential of 5 Sheraton Close, Riverside-a generous 871m² elevated block nestled in a prestigious new subdivision. Surrounded by high-quality homes, this property offers a serene setting towards the end of a quiet cul-de-sac, ensuring peace and privacy. Key Features: - Spacious 871m² allotment with an elevated position, providing a solid foundation for your dream home. - Scenic views, enjoy picturesque vistas of the Tamar River and distant mountain ranges, enhancing the property's appeal. - Situated in a tranquil cul-de-sac, offering a safe and quiet environment. - Proximity to Riverside Shopping Centre and just an 8-minute drive to Launceston CBD, offering easy access to amenities, schools, public transport, and the Riverside Golf Course. This property presents a rare opportunity to build a custom home in a sought-after location. Whether you're planning to construct your forever home or seeking a valuable investment, 5 Sheraton Close offers the perfect canvas. For more information or to arrange a viewing, please contact Riley Turner Disclaimer - We have in preparing this listing used our best endeavours to ensure the information is true & accurate. Prospective purchasers are advised to carry out their own investigations to copy.

Features

871 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Riverside over the last 12 months, the estimated median property value of 5 Sheraton Close is $305k.

Median value
$305k
Estimated value range
$191k - $565k
Median days on market
91
Estimated value trend
20%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Riverside. 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 5 Sheraton Close

2026
Sold
$355,000
12 Jan 2026 by David Parry, of Parry Property

Happy sellers in Riverside

91%
91% of sellers in Riverside reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 55 reviews in Riverside over the last 12 months.

Local market activity for land plots in Riverside

In the last 12 months, 8 land plots similar to 5 Sheraton Close, have been sold.

This represents a 28% decrease in land plots sales when compared to the previous 12 months.

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