124 Chapel St, Glenorchy is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 2648m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 3 bedroom House sold in Glenorchy in the last 12 months.
This property offers an amazing opportunity to purchase a comfortable 3 bedroom home substantially upgraded inside, sitting on a land parcel of some 2,645m2, in fact we believe another 7 homes could possibly be built right here S.T.C.A. All would enjoy all day sunshine and many would also host Derwent Estuary and mountain views.
This prime Glenorchy location is power line free and within a few minutes driving time of multiple shopping centres, supermarkets, both public & private schools, restaurants, cafes, recreational areas and so much more.
We believe this property represents a unique opportunity for the astute developer, entrepreneur, skilled tradesperson or ambitious first home owner with access to the bank of mum & dad.
Here we see a chance within one's own timeframe to create what will undoubtedly one day become one of the city of Glenorchy's prime future development sites, all for a price similar to a standard home on a 700m2 land parcel some 20 minutes drive away to the south.
At a time when a standard land parcel in this precinct exceeds $250,000 and all agree we need more homes built and infill is becoming a priority for obvious reasons, including, existing infrastructure, time behind the wheel and traffic jams to name but a few.
We seriously believe a decision to purchase this property will likely change the successful purchaser's life for the better.
The size of Glenorchy is approximately 10.4 square kilometres. It has 19 parks covering nearly 16.6% of total area. The population of Glenorchy in 2016 was 10828 people. By 2021 the population was 12013 showing a population growth of 10.9% in the area during that time. The predominant age group in Glenorchy is 30-39 years. Households in Glenorchy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Glenorchy work in a community and personal service occupation.In 2021, 52.50% of the homes in Glenorchy were owner-occupied compared with 54.60% in 2016.
Glenorchy has 5,649 properties. Over the last 5 years, Houses in Glenorchy have seen a 37.34% increase in median value, while Units have seen a 44.64% increase. As at 31 October 2025:
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