11 Pendennis Street, Riverside, Tas 7250

Offers Over $695,000

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings
664 m²
Area

Last updated on Monday, August 10, 2026 ( See property details for 11 Pendennis Street, Riverside, Tas 7250)

Offers Over $695,000

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

A well-built Riverside home on a 664m² block offering immediate rental income, versatile living spaces, and exciting future potential in a highly desirable location.

🏡 Property Highlights

  • Generous 664m² allotment in a tightly held Riverside pocket
  • Currently tenanted with reliable rental income of $590 per week
  • Light-filled lounge with lovely views across the West Tamar
  • Versatile lower level rumpus room with second toilet and secure drive-through garage
  • Prime location close to Launceston CBD, shopping, schools, and parks
  • Solidly built home with scope for future enhancement

✨ Key Features

  • Garage
  • Split-System Heating and Cooling
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Secure Parking
  • Waterfront / Views
  • Floorboards
  • Internal Laundry
  • Ensuite
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11 Pendennis Street
Riverside, TAS 7250
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Vertical aerial view — 11 Pendennis Street
11 Pendennis Street — Vertical Aerial  •  Riverside, TAS 7250  •  Nearmap © 2026

Riverside is a highly sought-after suburb known for its strong community vibe, convenient access to Launceston CBD, and family-friendly amenities. The area boasts established parks, reputable schools, and a mix of modern and traditional homes. Its tightly held nature ensures long-term value, making it ideal for investors and owner-occupiers alike. With excellent transport links and local shopping centres, Riverside offers a balanced lifestyle with both comfort and convenience.

What is the condition of the property and are there any recent renovations?
The property is solidly built with a practical layout and has been well-maintained, with no recent renovations noted but offering scope for future updates.
What are the ongoing costs associated with the property?
Ongoing costs include council rates, maintenance, and property management fees if applicable, with current rental income providing a reliable return.
Is the property suitable for future development or extensions?
The 664m² allotment offers potential for future enhancements, subject to council approvals and zoning regulations.
What are the local amenities and transport options nearby?
The property is conveniently located close to Launceston CBD, Riverside Shopping Centre, schools, parks, and public transport options.
Are there any known issues or defects with the property?
No known issues or defects are reported; the property is in good condition and ready for occupancy or investment.
Are there any zoning restrictions or easements affecting the property? What are the strata or body corporate fees, if applicable? Is there any history of flooding or bushfire risk in the area? Are there any upcoming developments or planning activities nearby that could impact the property? What are the long-term plans for infrastructure or community facilities in the neighbourhood?

11 Pendennis Street, Riverside, Tas 7250 - More Details

Offers Over $695,000

Positioned on a generous 664m² allotment in one of Riverside's most tightly held pockets, this solidly built home presents an outstanding opportunity to secure a quality property in a highly desirable location. Currently tenanted long term, the home offers immediate rental income and represents an excellent opportunity for investors seeking a reliable asset in a consistently popular suburb.

Located just moments from the Launceston CBD, with Riverside Shopping Centre, respected schools, local parks and everyday amenities all within easy reach, this address continues to attract families, investors and owner-occupiers who value convenience, community and lifestyle.

Inside, the home offers a light-filled lounge that flows effortlessly into the dining area, capturing lovely views across the West Tamar. The practical retro-style kitchen is complemented by three well-proportioned bedrooms and a neat central bathroom. Comfort is assured throughout the seasons with split-system heating and cooling, creating a welcoming environment year-round.

The lower level provides valuable additional space, featuring a generous rumpus room, second toilet and a secure garage with drive-through access to the backyard. Whether utilised for additional vehicles, storage, hobbies or easy yard access, this versatile area adds further appeal.

Outside, the 664m² block provides a manageable yard with scope to enhance and personalise over time. With solid foundations, a functional layout and plenty of future potential, this is a property that offers both immediate returns and long-term possibilities.

Rental Estimate: $590 per week.

A rare opportunity to acquire a well-built Riverside home with an established tenancy, strong rental appeal and exciting potential for the future.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
2
Area
664 m²

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