144 Cherry Farm RoadUnderwood TAS 7268
Property Details for 144 Cherry Farm Rd, Underwood
144 Cherry Farm Rd, Underwood is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1990. The property has a land size of 63740m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in March 2018.
Last Listing description (January 2026)
Discover the perfect blend of lifestyle and income just 22 minutes from Launceston. Set on over 6 hectares of scenic countryside, this property offers not only space and serenity but the chance to generate real income through short-stay accommodation and more.
Previously operated as a successful NDIS retreat, this property offers significant potential for Airbnb income, multigenerational living, or savvy buyers seeking to capitalise on a proven rural escape model amidst strong demand in Tasmania.
The main residence has undergone approximately $100,000 in renovations, blending country charm with modern comfort. The separate, beautifully constructed tiny home currently configured with one bathroom and the potential for two sleeping areas would cost approximately $250,000 to replace, offering the potential for short-stay accommodation or guest use.
Key Features:
6.37ha (approx.) of flat, usable land with improved drainage ideal for horses or livestock
Main residence: 2 bedrooms, 1 bathroom, renovated with approximately $100,000 worth of improvements
Tiny home: 1 bathroom, potential for 2 sleeping areas approx. $250,000 to replace
Combined dwelling Airbnb assessment: Up to $80,000 p.a.
13m x 8m powered and heated workshop perfect for trades, storage, or guest activities
Large dam connected to an irrigation system for low-maintenance gardens and grounds
7-minute drive to Lilydale village
Close to Hollybank Reserve, Treetop Adventure Park & the Tamar wine route all major drawcards for short-stay guests
30 minutes to Bridestowe Lavender Estate, Janz & Pipers Brook wineries
40 minutes to Bridport Beach perfect for coastal day trips and guest recommendations
Peaceful, private, and bursting with potential to create a retreat, rural Airbnb, or lifestyle venture
Whether you're dreaming of running your own country Airbnb, creating a wellness or NDIS retreat, or simply seeking a beautiful dual-living setup with income options, this property offers one of the most flexible opportunities on the market.
Airbnb Estimate-
Main Residence: Up to $45,000 p.a.
Tiny Home: Up to $35,000 p.a.
Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Property History for 144 Cherry Farm Rd, Underwood, TAS 7268
- 12 Jan 2026Listed for Sale Offers Over $900,000
- 16 Jun 2025Listed for Sale $899,000 - $949,000
- 21 Mar 2025Listed for Sale $930,000 - $950,000
Recent sales nearby
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About Underwood 7268
The size of Underwood is approximately 89.7 square kilometres. It has 8 parks covering nearly 47.9% of 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 198 properties. Over the last 5 years, Houses in Underwood have seen a 42.74% increase in median value. As at 31 January 2026:
- The median value for Houses in Underwood is $848,367 while the median value for Units is $678,546.
Suburb Insights for Underwood 7268
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