2 Penrith Street, Riverside, TAS 7250 | House for sale | OnTheHouse
 
FOR SALE
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2 Penrith Street
Riverside TAS 7250

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 186m2
Land area: 718m2
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Untapped Potential with River Views

Positioned in the heart of ever-popular Riverside, this substantial family home presents a rare opportunity to secure space, views, and untapped potential in one of the area's most sought-after pockets. Capturing stunning views across the Tamar River, the home offers a flexible 2-level floorplan perfectly suited to growing families, multi-generational living, or those looking to add value through renovation.
Upstairs, the main living zone is filled with natural light and showcases the beautiful outlook, while the master suite features a walk-in robe and private ensuite, and a single bedroom - perfect for a study or nursery for added versatility. Downstairs provides further accommodation with 2 additional double bedrooms, a 2nd bathroom, and a generous rumpus complete with kitchenette - ideal for teenagers, hobbies or dual living options. Outside, the leafy garden surrounds the home, offering charm, privacy, and plenty of scope to enhance. A double garage with internal access adds everyday convenience.
Set within close proximity to quality schools, sporting facilities, and medical services, this is a location that continues to see strong demand. With solid bones, an adaptable layout, and incredible views, this is an outstanding opportunity to renovate, invest, and create something truly special.
2 Penrith St at a glance:
• Substantial family home in the heart of Riverside
• Stunning Tamar River views
• Exceptional renovation potential
• Flexible floorplan with multiple living zones
• Double garage with internal access
• Character-filled leafy garden
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Property Details for 2 Penrith St, Riverside

2 Penrith St, Riverside is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1977. The property has a land size of 718m2 and floor size of 186m2. The place is currently for sale with Roberts Real Estate Launceston.

Building Type
House
Year Built
1977
Floor Size
186m2
Land Size
718m2
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About Riverside 7250

The size of Riverside is approximately 55.0 square kilometres. There are 7 parks, covering nearly 2.6% of the total area. The population of Riverside in 2016 was 6472 people. By 2021 the population was 7326 showing a population growth of 13.2% in the area during that time. The predominant age group in Riverside is 30-39 years. Households in Riverside are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riverside work in a professional occupation.In 2021, 73.30% of the homes in Riverside were owner-occupied compared with 72.70% in 2016.

Riverside has 3,508 properties. Over the last 5 years, Houses in Riverside have seen a 55.81% increase in median value, while Units have seen a 48.94% increase. As at 30 April 2026:

  • The median value for Houses in Riverside is $779,124 while the median value for Units is $482,124.
  • Houses have a median rent of $590 while Units have a median rent of $430.
There are currently 18 properties listed for sale, and 7 properties listed for rent in Riverside on OnTheHouse. According to Cotality's data, 164 properties were sold in the past 12 months in Riverside.

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Jess Christmas
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Roberts Real Estate Launceston
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