27 Penrith Street, Riverside, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

27 Penrith Street
Riverside TAS 7250

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 176m2
Land area: 682m2
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Property Details for 27 Penrith St, Riverside

27 Penrith St, Riverside is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1996. The property has a land size of 682m2 and floor size of 176m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Year Built
1996
Floor Size
176m2
Land Size
682m2
Local Government
West Tamar
Lot/Plan
181/9153

Last Listing description (June 2026)

Perched in an elevated position on sought after Penrith Street in Riverside, this impressive family home offers a rare opportunity to enjoy spacious living paired with breathtaking panoramic views across the Tamar River, Launceston and the surrounding mountain ranges. Thoughtfully designed across multiple split levels, the home combines functionality, comfort and a unique layout perfectly suited to families seeking both space and lifestyle.Showcasing light filled interiors and generous proportions throughout, the property features multiple living zones, a well appointed kitchen, four spacious bedrooms including a private master retreat, beautifully established gardens and exceptional outdoor entertaining spaces. Positioned in a highly convenient location close to quality schools, shopping precincts, medical facilities and only a short commute to the Launceston CBD, this executive residence delivers premium family living in one of Riversides most desirable pockets.TERMS OF TENANCYRent: $770 per weekAvailable: NowLease Length: 12 month lease preferredPet Policy: At any stage before or throughout this tenancy, the tenant will be required to seek the owner's consent using the approved form to keep a pet at the premises.Inspection: Please register for inspections onlineHOW TO APPLY:Submit your application via the "APPLY" button here on Realestate.com.auPROPERTY FEATURES:- Four spacious bedrooms across a thoughtfully designed split level layout- Private master retreat occupying the top floor- Renovated ensuite to master bedroom- Extensive walk in robe to master suite- Three additional well sized bedrooms, two with built in robes- Open plan kitchen, living and dining areas filled with natural light- Floor to ceiling windows capturing panoramic views of the Tamar River and beyond - Well appointed kitchen with quality appliances and great functionality- French doors opening onto balcony from main living area- Breathtaking views of the Tamar River, Launceston and surrounding mountain ranges- Reverse cycle heating and cooling for year round comfort- Main bathroom featuring bathtub, shower and vanity- Separate toilet for added convenience- Dedicated laundry with additional storage options- Double garage with internal access- Fully landscaped 669m allotment with established gardens- Fully fenced backyard ideal for families- Flat lawn area with paved outdoor entertaining space- Private position backing directly onto reserve land- Elevated and highly sought-after Riverside location- Close proximity to schools, shopping precincts, medical facilities and a short drive to Launceston CBDABOUT THE AREA: Positioned in the highly sought-after suburb of Riverside, this home offers an exceptional lifestyle in one of greater Launcestons most desirable family-friendly locations. Renowned for its elevated outlooks, peaceful streets and strong sense of community, Riverside continues to be a favourite among families and professionals seeking the perfect balance of convenience and lifestyle.Residents enjoy easy access to quality local schools, shopping precincts, cafs, medical facilities and recreational spaces, while being just a short drive from the Launceston CBD. With the picturesque Tamar River nearby, walking tracks, parks and everyday amenities all within reach, Riverside offers a relaxed lifestyle without compromising on accessibility, making it an ideal place to call home.

Property History for 27 Penrith St, Riverside, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$710,000
23 May 2023
  • 16 Jun 2026
    Listed for Rent $770 / week
  • 23 May 2023
    Sold for $710,000
  • 11 Dec 2022
    Listed for Sale $749,000 - $785,000
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About Riverside 7250

The size of Riverside is approximately 55.0 square kilometres. There are 7 parks, covering nearly 2.6% of the 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 30-39 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 3,512 properties. Over the last 5 years, Houses in Riverside have seen a 51.67% increase in median value, while Units have seen a 43.38% increase. As at 31 May 2026:

  • The median value for Houses in Riverside is $784,144 while the median value for Units is $486,721.
  • Houses have a median rent of $595 while Units have a median rent of $450.
There are currently 17 properties listed for sale, and 4 properties listed for rent in Riverside on OnTheHouse. According to Cotality's data, 167 properties were sold in the past 12 months in Riverside.

Suburb Insights for Riverside 7250

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Cotality Copyright and Legal Disclaimers about Property Data
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.