780 Lilydale Road, Underwood, TAS 7268
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Offers Over $845,000
780 Lilydale Road, Underwood, TAS 7268
4
3
1.98m²
114m²
•
house - house: one storey / lowset
Property Description
Listed on 8 Feb 2026
Set across a generous holding of almost five acres, this versatile lifestyle property offers space, privacy and infrastructure rarely found so close to Launceston. The main home is warm and inviting, with a comfortable living and dining area that opens out to a sheltered deck, perfect for entertaining. The kitchen is well appointed with ample bench and storage space and is positioned conveniently near the main bathroom. A single carport provides sheltered parking and direct access through to the laundry and additional toilet. Upstairs, two well-sized bedrooms provide comfortable accommodation, with large built-in storage in the main bedroom and the convenience of a separate toilet servicing this level. The property can support the delivery of NDIS-funded therapeutic services, with infrastructure designed around the safety, comfort and individual needs of participants. The layout and features of the property allow professional allied health and support services to be delivered in a calm, private and accessible environment that promotes dignity, regulation and wellbeing. A standout feature of the property is the expansive, professionally built arena (20x40), the scale and quality of this space make it a valuable lifestyle asset, complementing the broader functionality of the holding. Incorporated into this space is a well-appointed tack shed. Also included is a fully self-contained cottage that has been specifically set up for 1:1 Short Term Accommodation (STA) and respite. The cottage offers participants a homelike, low-stimulus setting that supports independence and choice, while still allowing for appropriate support and supervision when required. Clear separation between the main residence, therapy spaces and accommodation support's both participant privacy and professional practice standards. Additionally, a self-contained unit at the back of the primary house. This area has been well developed as a secondary independent living space, which also lends the property to multigenerational living. Extensive water infrastructure supports the land and improvements, with approximately 97,000 litres of storage servicing the residences, arena and surrounding grounds. Additional structures including a separate office, providing options for home-based work, hobbies or storage, shedding to further enhance the functionality of the property: currently used for hay storage, horse shelters, fenced paddocks. Peacefully located just 25 minutes from Launceston, this is a rare opportunity to secure a rural lifestyle property that balances space, infrastructure and adaptability, equally appealing to families, those seeking multi-generational living, short-term accommodation, equestrian use or continued NDIS support services. For further information or to arrange a private inspection, contact Lochie today. Disclaimer: We have, in preparing this information, used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Property history
A breakdown of how regularly this property entered and exited the market for sale or lease.
$210,000
For Sale
$7,000
Median house price trends
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Underwood residents
Key characteristics of the residents in the area, view the full breakdown of the suburb here.
60+
Is the most common age range
Outright Owners
Most common occupant type
Couples
Most common household profile
Professionals
Most common occupation
Detached Houses
Most common property type
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Frequently asked questions
780 Lilydale Road is a House built in 1985 in Underwood, Tasmania. Review photos and floor plans for more detail on the construction and condition of the property.
The property at 780 Lilydale Road includes 4 bedrooms, 3 bathrooms and no assigned parking spaces.
780 Lilydale Road in Underwood has a land size of approximately 1.98 square metres and an internal floor area of around 114 square metres.
780 Lilydale Road in Underwood, Tasmania includes a range of local schools, shops, public transport options and community facilities that support day to day living.
As of 3/1/2018, the property at 780 Lilydale Road is recorded as sold.















