Current Market Valuation
Estimated market value: $752,000
Notes: Estimated value based on comparable sales, past sales and available property data. Ranges from $710,000 to $800,000. Last updated 26 May (weekly update).
Purchase History
2021-05-07 - $220,000
2013-12-24 - $395,000
Property Details
Type:
House
Bedrooms:
4
Bathrooms:
2
Land (sqm):
757
Car/Garage:
2 car spaces
Estimated weekly rent:
$700 per week
High confidence estimate, with a low range of $630pw and high range of $775pw. Last updated 26 May.
Rental vacancy rate:
0.85% (Riverside)
Council rate:
Approximately $2200 per annum (Riverside, general indication)
Water rate:
Approximately $407.33 fixed water + usage and $781.69 fixed sewerage per annum (for 2025-26, standard residential property)
Strata fee:
N/A (House)
Home and content insurance price:
Not readily available
Zoning Information
LGA:
West Tamar Council
Zoning:
General Residential
Bushfire:
Not detected
Flood:
Not detected
Heritage:
Not detected
Potential Developments in the Area
State Government:
No specific state government developments directly impacting this property were found in the provided search results.
Local Government:
Riverside is a popular location for building, offering riverfront living or views from the hills.
No specific local government development plans directly impacting this property were found in the provided search results.
Features
Location 3 Tamar Rise, Riverside TAS, Australia
Suburb Performance
Median Price History
Riverside is a family-friendly location with views of the Tamar River, located five minutes from Launceston city center.
April 2024 - April 2025 | $640,000 (all houses)
April 2024 - April 2025 | $736,250 (4 bedroom houses)
Last 12 months (median sale price) | $617,000 (all houses)
12-Month Growth Insight
Houses in Riverside have seen an annual compound growth rate of 3.4% or 3.6% .
4-bedroom houses in Riverside have seen a decrease of -1.2% in median price over the last 12 months.
Overall median sale price for houses in Riverside is down 3.2% annually.
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