1 Grace Street, Hamilton, Tas 7140

Offers Over $239,000

House
Type
5
Bedrooms
1
Bathrooms
2,431 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 1 Grace Street, Hamilton, Tas 7140)

Offers Over $239,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile heritage-listed property on a large level block in Hamilton's prestigious precinct, offering development, renovation, and lifestyle opportunities.

🏡 Property Highlights

  • Substantial 2,431sqm level allotment across two titles offering development potential
  • Prime Heritage Precinct location with historic surroundings and river views
  • Versatile 160sqm dwelling with flexible layout suitable for renovation or dual-living
  • Existing infrastructure including mains water, sewer, and upgraded 3-phase power
  • Large shed ideal for workshop, storage, or creative studio use
  • Potential for subdivision or boundary adjustment (STCA) in a sought-after village zone

✨ Key Features

  • Garage
  • Open-Plan Living
  • Home Office / Study
  • Shed
  • Waterfront / Views
  • Built-in Robes
  • Outdoor Area
  • Ensuite
  • Security Screens / Gates
  • Fly Screens

Hamilton is a historic and picturesque township renowned for its convict-built architecture and serene river setting. It offers a vibrant community with local cafes, bistros, and a rich colonial heritage. The town provides a peaceful rural lifestyle while being conveniently close to Hobart and New Norfolk. Its prime Heritage Precinct location makes it ideal for heritage conservation, development, or creative pursuits. The area combines historic charm with modern potential, attracting investors and renovators alike.

What are the development possibilities for this property?
The property offers potential for subdivision or boundary adjustment (STCA), making it suitable for developers and investors seeking to maximise land use.
Is the property suitable for renovation or dual-living?
Yes, the flexible layout with three to five bedrooms and multi-purpose rooms provides excellent scope for renovation or dual-living arrangements.
What infrastructure is already connected?
Mains water and sewer are connected, and the property has upgraded 3-phase wiring installed in 2011 to support workshop and creative equipment.
Are there any heritage restrictions or protections?
The property is located within Hamilton’s Heritage Precinct, which may involve heritage conservation considerations; prospective buyers should verify any restrictions.
What is the condition of the dwelling and outbuildings?
The dwelling requires refurbishment, and the property includes a large shed suitable for workshop or storage needs.
Are there any zoning restrictions or easements that could affect subdivision or development plans? What are the potential costs associated with heritage conservation requirements? Are there any known issues with the property's structure or infrastructure that need urgent attention? Is there any ongoing or planned nearby construction that could impact the property’s value or lifestyle? What are the strata or body corporate considerations, if any, for the property or land titles?

1 Grace Street, Hamilton, Tas 7140 - More Details

Offers Over $239,000

Development opportunity or the ultimate creative project? You decide.

Set on a substantial 2,431sqm level allotment across two titles, this property represents a blue-chip opportunity for developers, investors, and visionary renovators. Located within Hamilton’s prestigious Heritage Precinct, this is your chance to secure a significant footprint in one of Tasmania’s most iconic colonial townships.

The property: a blank canvas with infrastructure.

The 160sqm (approx) dwelling, built in 1984 on the site of a former colonial home, offers a unique foundation for its next chapter. While the interior is in need of refurbishment-having been utilized in recent years as an artisan’s workshop and studio-the layout and infrastructure provide incredible versatility:

• Flexible layout: Three bedrooms plus two additional multi-purpose rooms-perfect for a large family home, professional studio space, or a dual-living conversion.
• Large shed: The property includes a substantial shed, providing immediate storage for building materials, or a dedicated space for a home-based trade
• Artisan ready: The property was rewired in 2011 with the addition of 3-phase power, specifically to support workshop equipment and high demand creative tools.
• Services connected: Mains water and sewer are already on-site.
The land: Subdivide & conquer (STCA)
Rarely do blocks of this scale become available in the Village Zone. With a level profile and existing dual titles, the potential for a boundary adjustment or subdivision (STCA) makes this a strategic land-banking play.
The location: where history meets lifestyle
Positioned directly across from the historic "Glen Clyde House" (c.1840s), you are surrounded by the charm of convict-built stone architecture and the serene River Clyde.
• Walk to everything: Moments from the 1826 Bar & Bistro, Auntie V’s Cafe at the Hamilton Inn, and the local Post Office.
• The Best of both worlds: Enjoy the quiet, frontier spirit of a rural town while being just 30 minutes from New Norfolk and a comfortable 50-minute commute to Hobart’s Northern Suburbs.
This is more than just a house; it is a high-yield project waiting for an astute buyer to unlock its true value.

Key features:
• Substantial 2,431sqm level block across 2 titles
• Large shed for workshop or storage needs
• Village Zone with sewer & mains water
• 160sqm (approx) dwelling with 3-5 potential bedrooms
• Upgraded 3-Phase wiring (2011)
• Prime Heritage Precinct location

The information provided has been obtained from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to conduct their own investigations and seek independent verification of all details before entering into any agreement.
Type
House
Bedrooms
5
Bathrooms
1
Area
2,431 m²
House Size
160 m²

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