261 & 331 Colgraves Road, Pipers River, Tas 7252

Elders is proud to present to the market this exciting opportunity, situated in the spectacular setting of Pipers River is 261 & 331 Colgraves Road, complete with two established homes on 38.9 ha*.

This property gives investors an opportunity to benefit from a dual income property that has been continuously rented for the last 6 years.
Alternatively, the two homes offer buyers a rare opportunity to either become owner occupiers, whilst also capitalising on the rental income of a second home. 

With room for cattle, sheep or horses this is the perfect lifestyle hobby farm, or buyers may choose to further boost their income and lease these paddocks out.

The opportunities for generating income here are endless.

This beautiful property offers magnificent views from the elevated position of the main house (3-bed, 2-bath), offering a wraparound veranda designed to take advantage of the vista.

Multiple, well designed, and spacious sheds are located around the main house with power to the two main sheds; including the garage (lockable 3-bay-shed) and tractor shed.
The second dwelling is a 2-bed, 1-bath home, positioned towards the front of the property, overlooking the dam.

The homes have been rented for $570p/w (main house) and $370p/w (second dwelling.) The main house is now vacant and ready for its new owners and the second dwelling has long-term tenant in place with a lease valid until Feb 2026.

The two homes offering buyers a rare opportunity to either become owner occupiers whilst also capitalising on the rental income of a second home, or alternatively an investor may choose to continue to rent out both homes for maximum return.
Conveniently located less than 35 minutes* from the city of Launceston and just 15 minutes* from the township of Lilydale. Lilydale offers the convenience of schools, cafes, fuel and grocery store etc.

Contact the agents today to schedule a viewing of this spectacular offering.

*Please note the floor plan included in the images is a plan for the top 3-bedroom house (number 331 Colgraves Rd.)
*Approx