1166 Prossers Road, Underwood, TAS 7268 | Property Value & History | OnTheHouse
OFF MARKET

1166 Prossers Road
Underwood TAS 7268

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2294163m2
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Property Details for 1166 Prossers Rd, Underwood

Building Type
Land
Land Size
2294163m2
Local Government
Launceston
Lot/Plan
2/185341

Last Listing description (November 2024)

From this exceptional selection of five pristine bush blocks, only two remain available - so the time to act has arrived!

The beauty of these allotments is significant in so many ways, appealing from so many angles.

Lot 1 measuring some 66 ha* is accessed from a fully formed gravel road behind a secure gated entry on Prossers Road. Electricity connections can be conveniently established from infrastructure on nearby Lilydale Road, further enhancing the opportunity to explore several prime building sites that are dotted across the property.

Zoned Agriculture pursuant to the Tasmanian Planning Scheme, construction of a dwelling is allowed, under provisions of the TPS, subject to council approval.

This is a brilliant opportunity to capture a rewarding parcel of pristine Tasmanian bush, ideal as a land bank today and attractive as a holding far into the future. An investment in the most valuable asset of them all ? blank canvas property that combines a sense of country escape with the appeal of proximity to town.

The best of both worlds might just be discovered in these outstanding dimensions!

(*approx)

Property History for 1166 Prossers Rd, Underwood, TAS 7268

A timeline of how this property has performed in the market
Last Sold
$181,500
14 Jul 2021
  • 03 Oct 2023
    Listed for Sale Offers Over $375,000 per lot
  • 14 Jul 2021
    Sold for $181,500
  • 16 Oct 2020
    Listed for Sale Expressions of Interest
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About Underwood 7268

The size of Underwood is approximately 89.7 square kilometres. There are 8 parks, covering nearly 47.9% of the total area. The population of Underwood in 2016 was 363 people. By 2021 the population was 391 showing a population growth of 7.7% in the area during that time. The predominant age group in Underwood is 50-59 years. Households in Underwood are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Underwood work in a professional occupation.In 2021, 93.40% of the homes in Underwood were owner-occupied compared with 87.00% in 2016.

Underwood has 199 properties. Over the last 5 years, Houses in Underwood have seen a 40.77% increase in median value. As at 31 May 2026:

  • The median value for Houses in Underwood is $932,767 while the median value for Units is $608,907.
There are currently no properties listed for sale, and no properties listed for rent in Underwood on OnTheHouse. According to Cotality's data, 6 properties were sold in the past 12 months in Underwood.

Suburb Insights for Underwood 7268

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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.