144 Cherry Farm Road, Underwood, Tas 7268

Discover the perfect blend of lifestyle and income just 22 minutes from Launceston. Set on over 6 hectares of scenic countryside, this property offers not only space and serenity — but the chance to generate real income through short-stay accommodation and more.

Previously operated as a successful NDIS retreat, this property offers significant potential for Airbnb income, multigenerational living, or savvy buyers seeking to capitalise on a proven rural escape model amidst strong demand in Tasmania.

The main residence has undergone approximately $100,000 in renovations, blending country charm with modern comfort. The separate, beautifully constructed tiny home — currently configured with one bathroom and the potential for two sleeping areas — would cost approximately $250,000 to replace, offering the potential for short-stay accommodation or guest use.

Key Features:
•	6.37ha (approx.) of flat, usable land with improved drainage – ideal for horses or livestock
• Main residence: 2 bedrooms, 1 bathroom, renovated with approximately $100,000 worth of improvements
• Tiny home: 1 bathroom, potential for 2 sleeping areas – approx. $250,000 to replace
•	Combined dwelling Airbnb assessment: Up to $80,000 p.a.
•	13m x 8m powered and heated workshop – perfect for trades, storage, or guest activities
•	Large dam connected to an irrigation system for low-maintenance gardens and grounds
•	7-minute drive to Lilydale village
•	Close to Hollybank Reserve, Treetop Adventure Park & the Tamar wine route – all major drawcards for short-stay guests
•	30 minutes to Bridestowe Lavender Estate, Janz & Pipers Brook wineries
•	40 minutes to Bridport Beach – perfect for coastal day trips and guest recommendations
•	Peaceful, private, and bursting with potential to create a retreat, rural Airbnb, or lifestyle venture

Whether you're dreaming of running your own country Airbnb, creating a wellness or NDIS retreat, or simply seeking a beautiful dual-living setup with income options, this property offers one of the most flexible opportunities on the market.

Airbnb Estimate- 

Please Note: The Tiny Home is currently subject to planning application for usage as visitor accommodation and is in the last stages of the application process. 
Airbnb usage of the property is subject to the appropriate council approvals. 

• Main Residence: Up to $45,000 p.a.
• Tiny Home: Up to $35,000 p.a.

Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.