40 William Street, Ulverstone, Tas 7315

$496,000

House
Type
4
Bedrooms
1
Bathrooms
1
Parkings
2,071 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 40 William Street, Ulverstone, Tas 7315)

$496,000

Wendy Squibb Director & Property Sales Consultant
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A character-filled family home on a substantial elevated block with stunning views and development potential in Ulverstone.

🏡 Property Highlights

  • Sweeping views across Ulverstone and Bass Strait from an elevated position
  • Generous 2,071m² land parcel with development potential (STCA)
  • Flexible open-plan living, dining, and kitchen areas with character features
  • Four spacious bedrooms with Tasmania Oak floorboards ready for restoration
  • Potential for future value addition with structural work and updates
  • Large separate rumpus room providing versatile living space

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Waterfront / Views
  • Outdoor Area
  • Open-Plan Living
  • Extra Storage (Shed/Linen)
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
  • Waterfront / Views

Ulverstone is a vibrant coastal town known for its scenic beauty, relaxed lifestyle, and strong community spirit. It offers excellent amenities, beautiful beaches, and easy access to outdoor activities. The suburb features a mix of character homes and modern developments, making it ideal for families and investors alike. Its strategic location provides a peaceful environment while remaining close to essential services and transport links.

What is the condition of the property and what updates are needed?
The property is in a solid condition but requires some structural work and updates such as new floor coverings to enhance its appeal and functionality.
What are the development possibilities for the land?
The large 2,071m² parcel offers clear development potential (STCA), making it suitable for future subdivision or extension projects.
Is the property suitable for rental income?
Yes, with some updates like new flooring, the property could be leased out, providing an income stream while considering future improvements.
Are there any planning or zoning restrictions?
Development is subject to council approval (STCA), and potential buyers should verify zoning and planning regulations with local authorities.
What views does the property offer?
The property captures sweeping views across greater Ulverstone and out to Bass Strait, thanks to its elevated position.
Are there any hidden structural issues or previous repairs not disclosed? What are the specific zoning restrictions and development guidelines for the land? Are there any easements, covenants, or planning overlays affecting the property? Has the property experienced any flooding or bushfire risks? Are there any upcoming construction or planning developments in the area that could impact the view or value?

40 William Street, Ulverstone, Tas 7315 - More Details

$496,000

Positioned high to capture sweeping views across greater Ulverstone and out to the Bass Strait, this substantial family home offers space, character and a genuine opportunity to add value.

Originally built in 1948 and later extended, the home now provides a flexible layout suited to growing families or those needing extra room to move. The kitchen, dining and living areas are open plan, while a huge separate rumpus room gives you an additional living zone with plenty of flexibility depending on your needs.

The kitchen, updated in the 90's, remains highly functional with ample storage, a corner pantry and a brand-new oven already in place. Accommodation includes four bedrooms, serviced by a neat and tidy bathroom along with the convenience of two toilets.

Character features from the original home remain, including Tasmania Oak floorboards ready to be polished and brought back to life. A freshly painted interior gives the home a clean starting point, while still leaving scope for further improvements.

Set on a substantial 2,071m² parcel, the property opens the door to future possibilities. While there is some structural work required over time, the size of the land presents clear development potential (STCA), making this an option for those thinking beyond the existing home.

For buyers considering rental, some updates such as new floor coverings would be required prior to leasing. This is a property that offers both immediate space and long-term upside, all in an elevated Ulverstone position with a standout outlook.

The property has been priced with its current condition in mind, and a building inspection report is available for buyers to review, providing further detail around the structural work required should you wish to retain and improve the existing home. Please note this property is being sold as is/where is.

For further information about this great property please call the listing agent Wendy Squibb for more details or come along to one of our upcoming open homes.

Disclaimer:
While Harcourts Ulverstone & Penguin has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Type
House
Bedrooms
4
Bathrooms
1
Parkings
1
Area
2,071 m²
House Size
162 m²

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