9 Quarry Road, West Launceston TAS 7250

Character home character | dual-lot potential | quiet cul-de-sac | gorge proximity | tightly held street The buying case rests on the rare combination of a character 1938 house on a large 2140m² lot, plus a separate 1018m² vacant lot being marketed independently. This configuration gives a buyer unusual optionality-hold the house and develop or sell the vacant block, or redevelop the entire site subject to council appetite. The location is genuinely strong: one minute from Cataract Gorge, three minutes from the CBD, and on a quiet cul-de-sac with a mix of established homes and high-end builds. Demand here is driven by scarcity and lifestyle adjacency, not volume. This suits a buyer who can manage a project or hold for medium-term capital growth. The primary risk is the vacant lot’s $295,000 asking price against a 2017 house purchase of $288,000-meaning the land component may carry a premium that compresses margin for a developer. Council approval for short-stay accommodation on the vacant lot is not guaranteed, so a buyer must factor in application costs and timeline uncertainty. The opportunity is to acquire the whole holding and either sell the vacant lot to offset the house cost, or develop it as a separate dwelling and hold both. Best use: buy the whole, develop the vacant block as a high-end short-stay or single home, and retain the character house as a long-term hold.