543 Mole Creek Road, Red Hills TAS 7304
543 Mole Creek Road, Red Hills TAS 7304
1880s character home | dual income potential | 1.42ha rural living zone | large shed & dam | bushfire overlay
This property presents a rare dual-dwelling configuration on a substantial rural living parcel, a combination that is undersupplied in the Red Hills area. Its 1880s vintage main house offers character, while the separate cottage creates immediate rental income or guest accommodation potential, serving buyers seeking versatility or a land bank. The large shed and developed water resources support a hobbyist or self-sufficient lifestyle, positioning it uniquely against typical suburban listings.
Decision hinges on accepting the bushfire overlayΒs compliance costs against the parcelΒs development flexibility. The zoning permits future building, subject to council, offering a commercial logic for expansion or subdivision. Its value is anchored in land size and dual occupancy, not the modest main house. Acquire for a hold-and-utilise strategy, leveraging the income from the second dwelling while planning for the landΒs permitted uses.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
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Market Insight:
Red Hills is a tightly held rural enclave, characterised by its low population and limited property turnover. Demand is driven by families seeking substantial acreage, as evidenced by recent sales of large rural holdings. The market is defined by extremely low supply, with no current listings and minimal annual sales, creating a constrained environment. Future growth is intrinsically linked to the ongoing appeal of rural lifestyle properties, though the very low transaction volume presents a notable liquidity risk for buyers.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
7
Land
1.42 ha
Assessments Delivered Today
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