Lot 70 New Norfolk TAS 7140 (3 beds, 132 m2)

New Norfolk, Derwent Valley, TAS, Australia, 7140

$ 723,835

New Norfolk, Derwent Valley, TAS, Australia, 7140
House and Land Investment Property in New Norfolk, TAS (4.31% Yield) | Aus Investment Properties - Photo 1

Property Images

House and Land Investment Property in New Norfolk, TAS (4.31% Yield) | Aus Investment Properties - Photo 1
  • House and Land
  • Property Type
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 2
  • Cars
  • 132

Details

Updated on Oct 15, 2026

Property Type: House and Land
Price: $ 723,835
Land Price: $ 275,000
Build Price: $ 448,835
Gross Per Week: $ 600
Gross Per Annum: $ 31,200
Gross Yield: 4.31%
Capital Growth 12 Months: 21.85%
10Yr Annualised Growth: 9.37%
Vacancy Rate: 0.66%
Property Size: 132 m2
Land Area: 609 m2
Bedrooms: 3
Bathrooms: 2
Parking: 2
Title Status: N/A
Property ID: 39788
SKU: 1065

Description

House & land investment property in New Norfolk. This single-storey 3-bedroom, 2-bathroom turn-key package offers 132 m2 of build on a 609 m2 lot, with a double garage and 20mm stone benchtops, double-glazed windows, a split system to the living area and master bedroom, 2590mm ceilings and turn-key landscaping, fencing and blinds.

New Norfolk is the main town of the Derwent Valley, around 35 km north-west of Hobart. It offers schools, shops, health services and riverside parklands, with road access along the Lyell Highway to greater Hobart.

This house & land package is offered at $723,835 (land $275,000, build $448,835), with a rental appraisal of up to $600 per week.

A single-storey home with 3 bedrooms, open-plan living and a double garage appeals to couples, small families and professionals, supporting steady rental demand.

For investors, Tasmania's tight rental market, low vacancy rates and forecast housing undersupply support long-term rental demand, making a new home in greater Hobart's Derwent Valley a low-maintenance addition to an investment portfolio.

Features

  • 2 Car
  • Single Storey
  • 3 Bed
  • 2 Bath
  • House & Land
  • Turn-Key
  • Double Glazing

Inclusions

  • stone benchtops
  • carpet to bedrooms
  • Fencing
  • Stone benchtops
  • Double garage
  • 600mm induction cooktop
  • 600mm stainless steel canopy rangehood
  • Digital TV antenna
  • Clothesline
  • Stainless steel dishwasher
  • Carpet to bedrooms
  • Gooseneck kitchen sink mixer
  • 600mm electric built-in oven
  • Double glazing
  • Tiled splashback
  • Laminate flooring to main areas
  • Split system air conditioning to living and master bedroom
  • Remote control sectional garage door
  • 2590mm ceiling height
  • Window coverings throughout
  • Tiled shower bases
  • Landscaping
  • Letterbox
  • 6-star energy rating
  • Natural concrete driveway
  • fencing

Floor plans

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Address Lot 70 New Norfolk TAS 7140 (3 beds, 132 m2)
City Derwent Valley
State TAS
Postcode 7140
Suburb New Norfolk
Estate Norfolk Park
Region West Coast

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

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