Back 780 Lilydale Rd
Off Market

780 Lilydale Rd

Underwood TAS 7268

4
3
2
114 m²
1.98 ha.
House
Lochie ReidLochie Reid, last sold this property on 19 May 2026 after 100 days on market.

Overview

Purpose-Built Multi-Dwelling Lifestyle Property with Arena

Set across a generous holding of almost five acres, this versatile lifestyle property offers space, privacy and infrastructure rarely found so close to Launceston. The main home is warm and inviting, with a comfortable living and dining area that opens out to a sheltered deck, perfect for entertaining. The kitchen is well appointed with ample bench and storage space and is positioned conveniently near the main bathroom. A single carport provides sheltered parking and direct access through to the laundry and additional toilet. Upstairs, two well-sized bedrooms provide comfortable accommodation, with large built-in storage in the main bedroom and the convenience of a separate toilet servicing this level. The property can support the delivery of NDIS-funded therapeutic services, with infrastructure designed around the safety, comfort and individual needs of participants. The layout and features of the property allow professional allied health and support services to be delivered in a calm, private and accessible environment that promotes dignity, regulation and wellbeing. A standout feature of the property is the expansive, professionally built arena (20x40), the scale and quality of this space make it a valuable lifestyle asset, complementing the broader functionality of the holding. Incorporated into this space is a well-appointed tack shed. Also included is a fully self-contained cottage that has been specifically set up for 1:1 Short Term Accommodation (STA) and respite. The cottage offers participants a homelike, low-stimulus setting that supports independence and choice, while still allowing for appropriate support and supervision when required. Clear separation between the main residence, therapy spaces and accommodation support's both participant privacy and professional practice standards. Additionally, a self-contained unit at the back of the primary house. This area has been well developed as a secondary independent living space, which also lends the property to multigenerational living. Extensive water infrastructure supports the land and improvements, with approximately 97,000 litres of storage servicing the residences, arena and surrounding grounds. Additional structures including a separate office, providing options for home-based work, hobbies or storage, shedding to further enhance the functionality of the property: currently used for hay storage, horse shelters, fenced paddocks. Peacefully located just 25 minutes from Launceston, this is a rare opportunity to secure a rural lifestyle property that balances space, infrastructure and adaptability, equally appealing to families, those seeking multi-generational living, short-term accommodation, equestrian use or continued NDIS support services. For further information or to arrange a private inspection, contact Lochie today. Disclaimer: We have, in preparing this information, used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Features

4 bedrooms
3 bathrooms
2 carspaces
2 carport spaces
114 m² floor area
1.98 ha. lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Underwood over the last 12 months, the estimated median property value of 780 Lilydale Rd is $850k.

Median value
$850k
Estimated value range
$640k - $975k
Median days on market
101
Estimated value trend
-10%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Underwood. 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 780 Lilydale Rd

2026
Sold
Undisclosed
19 May 2026 by Lochie Reid, of Living Here Launceston
2018
Sold
$210,000
12 Mar 2018 by Guy Archer, of The Agency Northern Tasmania

Happy sellers in Underwood

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We have insufficient information to provide an overview of customer satisfaction for Underwood. Viewing the agent profiles, reviews and sales for Underwood can provide insights for this location.

Local market activity for 4 bedroom houses in Underwood

In the last 12 months, 3 four-bedroom houses similar to 780 Lilydale Rd, have been sold.

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