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31 DEVON HILLS ROAD DEVON HILLS TAS 7300

ACREAGE FOR SALE

$1,350,000

Estimated Valuation

31 DEVON HILLS ROAD DEVON HILLS TAS 7300 Property Photo
Bedrooms

6

Bathrooms

2

Car Space

4

Land Size

1.46 m²

Year Built

-

Property Type

Acreage

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Added 11 hours ago
Listing Price

Offers Above $1,279,000

Listed By
Peter Lees Real Estate - Launceston
This 3.6-acre rural retreat in Devon Hills offers exceptional versatility with its 349m² floor plan, six bedrooms, and potential for dual living. Perfect for hobby farmers, tradespeople, or large families, the property combines extensive garaging, established gardens, and a unique glass atrium with convenient access to the city.

Description

Situated on a generous 3.6 acres in the Devon Hills landscape, this expansive 349m² residence offers a versatile living experience blending rural charm with modern functionality. The property is designed for flexibility, featuring three distinct living zones that allow it to function as a single large family home or potentially accommodate dual living and extended family.

The interior showcases an impressive open-plan layout with vaulted ceilings, exposed beams, and multiple entertaining areas. A standout feature is the glass atrium/sunroom which floods the space with natural light and offers views of the surrounding landscape. The heart of the home includes a modern kitchen with a butler's pantry and dual cooking appliances.

The accommodation consists of six bedrooms. The master suite provides a private retreat with a walk-in wardrobe and a newly appointed ensuite featuring a bath and shower. Other bedrooms are spacious, with some located in an upper level or attic-style space with exposed trusses. There are two bathrooms total, including the main ensuite and a second family bathroom.

Outdoor living is extensive, highlighted by a large timber deck accessible via French doors, the glass atrium, and established gardens. The land offers versatility for hobby farming, horses, or gardening with fenced paddocks and vegetable patches. Extensive garaging provides parking for up to four vehicles along with sheds suitable for tradespeople or hobbyists.

Comfort is managed through multiple electric heating/cooling options, wood heaters, and heat transfer systems. While the aesthetic leans towards a traditional country style that may be considered slightly dated by some, the structure appears solid and the layout highly functional for large families or those seeking privacy and space near Launceston.

Property Style & Condition

Overall
standard
good
Condition
Exterior
farmhouse
good
Condition
Livingroom
standard
good
Condition
Bedrooms
standard
good
Condition
Kitchen
contemporary
excellent
Condition
Bathroom
modern
excellent
Condition
Yard
landscaped
good
Condition

Key Features

Three distinct living zones
Glass atrium / sunroom
Extensive garaging for 4 vehicles
6 Bedrooms including master suite
Butler''s kitchen and dual cooking appliances
3.6 acres of land with fenced paddocks
Multiple heating and cooling options
Established gardens and vegetable patches
Timber deck
Walk-in wardrobe in master bedroom
Newly appointed ensuite
Sheds and workspaces

Specifications

Property Details
Property Type Acreage
Architectural Style Farmhouse,Country,Acreage
Stories 2
Parking Type attached garage, driveway
Construction brick,wood frame
Windows double pane
Gas lpg gas
Internet nbn
Location & Setting
Setting rural
Lot Position corner lot
Views mountain, valley, forest
Nearby Amenities
Near airport
Rental Information
long term rental only

Exterior

deck
timber deck
patio
covered patio
alfresco
verandah
pergola
fenced yard
garden
rainwater tank
shed
workshop
carport
double carport
driveway
clothesline
heat pump

Indoor

open floor plan
vaulted ceilings
cathedral ceilings
fireplace
hardwood floors
tile floors
carpet
walk in closet
kitchen island
pantry
walk in pantry
laundry room
home office
primary suite
ensuite bathroom
soaking tub
dual vanity
rain shower
skylight
crown molding
attic
loft
ceiling fan
recessed lighting
french doors
sliding glass doors
built in shelving
refrigerator
oven
gas range
induction cooktop
double oven
microwave
dishwasher
washer
dryer
central
forced air
radiant
split system
single story
double story
Listed on 23 Sep 2026

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    Property     DEVON HILLS     LGA

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DEVON HILLS Statistics

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Property Price History

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Market Activity (Sales Volume)

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Education Quality & Safety Index

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High Owner Occupier % and Family Household %.

Livability Scores

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Crime Breakdown vs State Average

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Age Distribution Profile

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Crime in suburb of Devon Hills TAS

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Population

-

Crimes Committed

-

Crime Rate

- per 1,000

Safety Rank

-/100

Overall Crime

-

5-Year Crime Trend (2020 - 2024)

Crime Composition (2024)

Violent vs Property vs Other

Top 10 Offense Types (2024)

Victimization Probability

Violent Crime Chance 1 in X
Property Crime Chance 1 in X
State Average (Violent) 1 in 84

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1 The Property

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2 Your Situation

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3 Costs & Assumptions

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NSW 2026: nil up to $1,075,000 combined land value, then $100 + 1.6% of the excess, rising to $88,036 + 2% premium rate above $6,571,000. Computed land tax replaces the figure in section 3.
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Calculating…Verdict ?
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rent cash flow + capital gain − all costs & tax
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Comparing Common Investments ?
What this shows
Property value (grey bars, left axis) is the projected market value each year using your capital-growth assumption. The capital profit if sold line (coral, left axis) is the money you'd actually walk away with that year after repaying the loan, paying selling costs, paying CGT, and getting back the cash you put in. The rent collected line (teal, right axis) is gross annual rent received, grown at your rent-growth assumption.
What this shows
Three views of how the position evolves year by year. Property value (dashed) shows the asset growing at your capital-growth rate. Equity (coral) is value minus loan balance — how much of the property you actually own. Cumulative cash flow (teal) is the running total of all after-tax rent (positive) or top-ups (negative) you've put in since day one.
What this shows
The yearly cash position after every cost and tax effect. Green bars = positive years (the property paid you). Red bars = years you had to top it up from your pocket. This is the most honest picture of what holding the property feels like on a year-to-year basis.
What this shows
Where every dollar of the projected sale price goes. Net to you is what lands in your bank account; the rest is consumed by loan payout, selling costs and capital gains tax. The CGT slice depends on which regime applies (50% discount, indexation + 30% min tax, or a split of the two).

What this shows
How fragile your outcome is to the capital-growth assumption — the single biggest swing factor in any property forecast. Each point on the line re-runs the entire model at a different growth rate. Where the line crosses the dashed zero, that's roughly the growth rate needed just to break even over your hold period.

What this shows
The same upfront cash invested four different ways, held the same number of years. The property includes all rent, costs, tax and the final sale (after CGT and loan payout). The ASX 200 ETF compounds at its assumed total return; the gold line compounds at gold's long-run average; the inflation line is what you need to just preserve your purchasing power. Any year the property bleeds cash, that shortfall is invested in the comparison asset too (so they get the same total dollars over the life of the deal). Gains on the comparison assets are taxed under the same 2026-Budget CGT regime that applies to shares and ETFs — the transitional split (50% discount on the pre-1 Jul 2027 portion, then cost-base indexation + 30% minimum tax on the post-1 Jul 2027 portion), since non-property assets are never grandfathered.
What this shows
The full year-by-year ledger. Cash flow is pre-tax (rent minus all cash costs); tax effect is the value of any deduction or the tax bill on net profit; after-tax is the actual dollars in or out of your account that year. Cumulative is the running total.

About this model

Reflects the 2026 Federal Budget proposals (announced 12 May 2026): from 1 July 2027, negative gearing on established residential property bought after 7:30pm 12 May 2026 can only offset rental income / residential property gains (excess losses carry forward), and the 50% CGT discount is replaced by cost-base indexation plus a 30% minimum tax on the real gain accruing after 1 July 2027. The CGT change applies to all CGT assets (shares, ETFs, gold, crypto), not just property, so the comparison assets are taxed on the same basis. New builds retain full negative gearing and the choice of the 50% discount. Properties contracted on/before 12 May 2026 are grandfathered. The main residence, superannuation funds and widely-held trusts are exempt. These are proposed rules that may change in legislation. Resident tax rates 2025–26 are used (incl. 2% Medicare levy). This is general information, not financial, tax or legal advice — consult a licensed adviser before acting.
Purchase Cost Calculator

The True Cost of Buying this Property

Beyond the sale price, Australian property buyers face stamp duty, legal fees, inspections, loan charges and more. Adjust the purchase price and your state to see the full picture.

Purchase Price
$850,000
AUD
$100K $5M
Property State
Your Situation
Total Additional Costs
On top of the $850,000 purchase price in NSW
Extra Costs
$52,000
All-In Cost
$902,000
% of Price
6.1%
How these figures are calculated

Stamp Duty (Transfer Duty): Calculated using each state's 2024–25 residential transfer duty brackets for owner-occupiers. First home buyer concessions and investor surcharges are applied where selected.

Lenders Mortgage Insurance (LMI): Estimated at approximately 1.5–2.5% of the loan amount, assuming an 85% LVR. Actual LMI depends on your lender, LVR and loan size.

Conveyancing / Legal Fees: Typical range of $1,500–$3,000 covering contract review, searches and settlement. We use a mid-range estimate.

Building & Pest Inspection: Typically $400–$800 combined for a standard residential property.

Loan Application & Mortgage Registration: Includes bank application fees ($300–$600), mortgage registration (state-based, usually $150–$230) and transfer registration fees.

Council & Water Rate Adjustments: Estimated at around 0.1% of the purchase price — the buyer typically reimburses the seller for pre-paid rates.

These estimates are indicative only. Always confirm exact figures with your conveyancer, broker and the relevant state revenue office before committing to a purchase.

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Buyer Fees Calculator

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Disclaimer: This calculator provides estimates only based on standard published rates for 2025-26. Actual stamp duty may vary based on individual circumstances, concession eligibility, and contract dates. LMI is a rough estimate only — actual premiums vary by lender, LVR, and loan size. Always verify with your state’s revenue office and seek professional advice before purchasing.

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Disclaimer: This calculator provides an estimate only and does not constitute a quote or loan approval. Calculations are based on standard APRA guidelines (including a 3.0% interest rate assessment buffer) and 2025–26 Australian resident tax rates. Lenders may apply their own specific Household Expenditure Measure (HEM) rules, risk margins, and varying credit card assessment rates (typically 3.8% of the limit). Rental income is shaded to 80%. Always speak to a licensed mortgage broker or lender for an exact assessment.

Refinance Savings Calculator

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