1/23 Balmoral Avenue, Riverside, TAS 7250 sold on 12 February 2025 | OnTheHouse
SOLD
Sold on 12 Feb 2025 for $555,000

1/23 Balmoral Avenue
Riverside TAS 7250

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 168m2
Land area: 548m2
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Property Details for 1/23 Balmoral Ave, Riverside

1/23 Balmoral Ave, Riverside is a 3 bedroom, 1 bathroom Unit with 3 parking spaces. The property has a land size of 548m2 and floor size of 168m2. While the property is not currently for sale or for rent, it was last sold in February 2025. There are other 3 bedroom Unit sold in Riverside in the last 12 months.

Building Type
Unit
Floor Size
168m2
Land Size
548m2

Last Listing description (February 2025)

Are you looking for a spacious contemporary villa unit that will provide a low maintenance lifestyle, or a ready-set investment opportunity? This lovely property at 1/23 Balmoral Avenue is located down an internal driveway and provides a quiet and private space. One of only three villas, with no body corporate but a shared insurance, this could just be the easy-care property you've been searching for. Open plan living space with seamless flow out to an under-cover, outdoor entertaining space. Stunning outlook over the mountains, spacious kitchen with great storage, large pantry and dishwasher, three great-sized bedrooms with floor to ceiling built-in wardrobes, reverse cycle heating, double garage with remote and internal access, extra car-pad space, landscaped with established. low-maintenance gardens, separate laundry and toilet. Ideally located just minutes from the Riverside shopping precinct, where you'll find a supermarket and all amenities and close to schools, public transport, The Riverside Golf Club and just 8 minutes from Launceston's CBD. Great property!

Built: 2010
Land Size: 568m2

Building Size: 168m2
Council Rates: Approx. $1800 per year
Water rates: Approx. $1000 per year
Shared Insurance: Approx. $1000 per year
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 1/23 Balmoral Ave, Riverside, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$555,000
12 Feb 2025
  • 05 Mar 2025
    Sold for $555,000
  • 24 Nov 2024
    Listed for Sale Best Offer Over $556,000
  • 05 Aug 2016
    Sold for $317,000
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About Riverside 7250

The size of Riverside is approximately 55.0 square kilometres. It has 7 parks covering nearly 2.6% of 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 10-19 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 3,495 properties. Over the last 5 years, Houses in Riverside have seen a 61.86% increase in median value, while Units have seen a 47.44% increase. As at 30 November 2025:

  • The median value for Houses in Riverside is $695,518 while the median value for Units is $436,595.
  • Houses have a median rent of $520 while Units have a median rent of $428.
There are currently 21 properties listed for sale, and 2 properties listed for rent in Riverside on OnTheHouse. According to Cotality's data, 194 properties were sold in the past 12 months in Riverside.

Suburb Insights for Riverside 7250

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Shelley Spencer
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Harcourts Launceston
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.