780 Lilydale Road, Underwood, TAS 7268 | Property Value & History | OnTheHouse
OFF MARKET

780 Lilydale Road
Underwood TAS 7268

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 93m2
Land area: 19650m2
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Property Details for 780 Lilydale Rd, Underwood

780 Lilydale Rd, Underwood is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1985. The property has a land size of 19650m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in March 2018.

Building Type
House
Year Built
1985
Floor Size
93m2
Land Size
19650m2
Local Government
Launceston
Lot/Plan
1/25754

Last Listing description (February 2026)

Set across a generous holding of almost five acres, this versatile lifestyle property offers space, privacy and infrastructure rarely found so close to Launceston. The main home is warm and inviting, with a comfortable living and dining area that opens out to a sheltered deck, perfect for entertaining. The kitchen is well appointed with ample bench and storage space and is positioned conveniently near the main bathroom. A single carport provides sheltered parking and direct access through to the laundry and additional toilet.Upstairs, two well-sized bedrooms provide comfortable accommodation, with large built-in storage in the main bedroom and the convenience of a separate toilet servicing this level.The property can support the delivery of NDIS-funded therapeutic services, with infrastructure designed around the safety, comfort and individual needs of participants.The layout and features of the property allow professional allied health and support services to be delivered in a calm, private and accessible environment that promotes dignity, regulation and wellbeing. A standout feature of the property is the expansive, professionally built arena (20x40), the scale and quality of this space make it a valuable lifestyle asset, complementing the broader functionality of the holding. Incorporated into this space is a well-appointed tack shed. Also included is a fully self-contained cottage that has been specifically set up for 1:1 Short Term Accommodation (STA) and respite. The cottage offers participants a homelike, low-stimulus setting that supports independence and choice, while still allowing for appropriate support and supervision when required. Clear separation between the main residence, therapy spaces and accommodation support's both participant privacy and professional practice standards. Additionally, a self-contained unit at the back of the primary house. This area has been well developed as a secondary independent living space, which also lends the property to multigenerational living. Extensive water infrastructure supports the land and improvements, with approximately 97,000 litres of storage servicing the residences, arena and surrounding grounds. Additional structures including a separate office, providing options for home-based work, hobbies or storage, shedding to further enhance the functionality of the property: currently used for hay storage, horse shelters, fenced paddocks. Peacefully located just 25 minutes from Launceston, this is a rare opportunity to secure a rural lifestyle property that balances space, infrastructure and adaptability, equally appealing to families, those seeking multi-generational living, short-term accommodation, equestrian use or continued NDIS support services. For further information or to arrange a private inspection, contact Lochie today.

Property History for 780 Lilydale Rd, Underwood, TAS 7268

A timeline of how this property has performed in the market
Last Sold
$210,000
05 Mar 2018
  • 08 Feb 2026
    Listed for Sale Expressions of Interest
  • 05 Mar 2018
    Sold for $210,000
  • 07 Feb 2018
    Listed for Sale For Sale
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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.
There are currently no properties listed for sale, and no properties listed for rent in Underwood on OnTheHouse. According to Cotality's data, 8 properties were sold in the past 12 months in Underwood.

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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.