7 Leeman Court, Riverside TAS 7250

Build-ready lot in new estate | 615 m² gently sloping | Final stage with services connected | West Tamar council area This is a vacant residential lot in the final stage of a newly developed estate, offering a rare opportunity to build a new home on a gently sloping 615 m² site with all services already available. The block sits within a planned enclave that is being positioned for higher-calibre homes, which distinguishes it from much of the older housing stock in Riverside. It will best suit owner-occupiers wanting to construct a contemporary home in a suburban setting close to Launceston, as well as families seeking newer housing stock with off-street parking and a build-ready location. The property’s value may be influenced by the inconsistency in available information about whether a dwelling exists on site, as this directly affects what a buyer is actually purchasing. The $205,000 sale recorded in March 2025 suggests a raw lot price, while the higher current estimates might reflect a partially completed build or a re-listing after subdivision. Buyers should verify the exact status of the land and any approvals in place before forming a view on price, as the gap between the earlier sale and current expectations is significant and not clearly explained by the available evidence.