Here's an exciting opportunity to secure one or both vacant allotments at 111 & 113 Benjamin Terrace, New Norfolk.Both blocks offer exceptional potential for strata development (STCA), and with the chance to acquire two side-by-side properties, they are ideal for developers and investors looking to maximize their investment.111 Benjamin Terrace is a 686 sqm flat, level block, offering a fantastic opportunity for a unit development or the perfect spot to build your dream home in a tranquil yet well-connected location.With all essential utilities readily available and easy access to Hobart, this property blends peaceful living with modern convenience.Located on the northern edge of New Norfolk, the block is just a short distance from the town's vibrant centre and all its amenities. Surrounded by the historic charm of New Norfolk and the rolling hills of the Derwent Valley, this is an exceptional place to call home.Whether you're an investor or developer looking for a site for multiple dwellings, or someone looking to build their dream home in a beautiful setting, this property offers endless possibilities.
The size of New Norfolk is approximately 18.5 square kilometres. There are 20 parks, covering nearly 9.6% of the total area. The population of New Norfolk in 2016 was 5432 people. By 2021 the population was 6037 showing a population growth of 11.1% in the area during that time. The predominant age group in New Norfolk is 30-39 years. Households in New Norfolk are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in New Norfolk work in a trades occupation.In 2021, 66.10% of the homes in New Norfolk were owner-occupied compared with 62.90% in 2016.
New Norfolk has 3,149 properties. Over the last 5 years, Houses in New Norfolk have seen a 43.27% increase in median value, while Units have seen a 30.04% increase. As at 31 May 2026:
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