5 Charles St, Devonport is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1918. The property has a land size of 1356m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 3 bedroom House sold in Devonport in the last 12 months.
Packed with potential and offering multiple future options, 5 Charles Street is a smart acquisition.
Positioned on a substantial 1,336m parcel of land, this property offers a rare chance to secure a development site (STCA) within close proximity to Devonport's town centre.
The existing home is a 3-bedroom, 1-bathroom property with separate toilet, featuring an updated kitchen and bathroom (installed 2020). The kitchen includes Milano appliances, new benchtops, and a walk-in pantry, while the home is kept comfortable with a heat pump. Two original fireplaces remain in place (currently not in use). Updated floor coverings and carpet in rooms within the last few years.
A large laundry/mudroom, outhouse toilet, and single garage with additional storage, plus a separate shed, provide functional space for tenants or future works.
**The home is currently leased until October 2026, providing immediate holding income while you plan your next move.**
The property does require further work externally and modernisation, however this has been reflected in its positioning and presents a clear value-add opportunity.
Flat, usable 1,336m block
Close to CBD (approx. 4 mins drive)
Subdivision or redevelopment potential (STCA)
Strong appeal for investors and land-bank buyers
Whether you're looking to:
Develop now or in the future
Land bank with income
Renovate and add value
Enter the market at an accessible level
This is a property where the upside is clear.
Opportunities like this - combining land size, location, and flexibility - are tightly held and increasingly hard to find.
*We have no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Interested parties are advised to carry out their own investigations. All measurements are approximate. Some images may include virtual enhancements such as lighting adjustments or virtual styling. All fixed structures and permanent features remain true to the original property.
The size of Devonport is approximately 10.2 square kilometres. There are 15 parks, covering nearly 13.3% of the total area. The population of Devonport in 2016 was 13759 people. By 2021 the population was 14481 showing a population growth of 5.2% in the area during that time. The predominant age group in Devonport is 50-59 years. Households in Devonport are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Devonport work in a community and personal service occupation.In 2021, 61.00% of the homes in Devonport were owner-occupied compared with 59.40% in 2016.
Devonport has 7,672 properties. Over the last 5 years, Houses in Devonport have seen a 58.60% increase in median value, while Units have seen a 53.38% increase. As at 31 May 2026:
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