Faraday StreetRavenswood TAS 7250
Property Details for Faraday St, Ravenswood
Last Listing description (November 2024)
Unlock the extraordinary potential of these two co-joining blocks, perfect for subdivision development (STCA). Located at 100 Lambert St and Lot 101 Faraday St, this expansive land boasts 5.296 hectares and 653 sqm respectively. With multiple entry points for subdividing, the opportunities are boundless.
Nestled between the newly built homes of this fast growing community and the popular local Sunnyhill Tavern, this prime location offers convenience with proximity to schools, shops, supermarkets and all city amenities. Plus, it's just a quick 6-minute drive to Launceston's CBD. Don't miss this exceptional investment opportunity.
Key Features:
Multiple entry points for subdividing on two titles
Two co-joining blocks for sale - 100 Lambert St: 653 sqm and Lot 101 Faraday St: 5.296 hectares
Land is nestled between newly built homes and the Sunnyhill Tavern
Close to schools, shops & supermarkets and all city conveniences
Just a 6-minute drive to Launceston's CBD
Contact Jeremy Wilkinson for further information or to submit your offer.
Land size: 5.36 hectares (2 titles)
Council: Launceston
Council Zoning: General Residential
**Harcourts Launceston has 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. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
Property History for Faraday St, Ravenswood, TAS 7250
- 31 Mar 2025Sold for $1,200,000
- 04 Jun 2024Listed for Sale Best Offer Over $2,195,000
- 12 Dec 2022Sold for $2,950,000
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0About Ravenswood 7250
The size of Ravenswood is approximately 10.2 square kilometres. There are 6 parks, covering nearly 8.7% of the total area. The population of Ravenswood in 2016 was 3625 people. By 2021 the population was 3804 showing a population growth of 4.9% in the area during that time. The predominant age group in Ravenswood is 20-29 years. Households in Ravenswood are primarily single parents and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Ravenswood work in a labourer occupation.In 2021, 47.60% of the homes in Ravenswood were owner-occupied compared with 47.10% in 2016.
Ravenswood has 1,576 properties. Over the last 5 years, Houses in Ravenswood have seen a 80.74% increase in median value, while Units have seen a 56.21% increase. As at 30 June 2026:
- The median value for Houses in Ravenswood is $477,143 while the median value for Units is $364,170.
- Houses have a median rent of $440 while Units have a median rent of $300.
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