OFF MARKET

Springhill Bottom Road
Colebrook TAS 7027

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 16680m2
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Property Details for Lot 1 Springhill Bottom Rd, Colebrook

Building Type
Rural
Land Size
16680m2
Local Government
Southern Midlands
Lot/Plan
1/157968

Last Listing description (March 2017)

As part of a long standing established farm holding in the Colebrook area, this parcel was split from the original property and gradually evolved and re-arranged by the current owner to present today a very attractive small farm with further potential for production and or residential development. The property is just over 97 hectares or approximately 240 acres with approximately half in improved pasture and grazing with cropping potential and the balance as bush graze and heavier timbered country. The big selling point and attraction is the magnificent water capture with an enchanting large dam of an estimated minimum 60 meg capacity that sits at the head of a creek and able to gravity feed a high volume and flow to the lower pastures. The water storage is supported by an average annual rainfall in the past 4 years at above 700mm. The owner has worked hard to establish 6 separately fenced paddocks each with water holes or creek access and currently runs a mix of stud quality sheep and beef cattle with the plan to increase stock levels and cropping activity. Other infrastructure improvements include not only the renewed fence lines but good access throughout the property assisted by the replacement of the bridge across the creek. As a working farm there has also been development (still in progress) under council permit of a 12m by 9m machinery shed with office shelter & hay/feed storage and optional yards. The property is accessed off SpringHill Bottom Rd which forks from Yarlington Road just above the township of Colebrook in the Yarlington region. The driveway off Springhill Bottom Road provides a sound level of safety and privacy as far as access and passing traffic which is a bonus for the stock management. The paddocks are approximately separated into two 10 acre paddocks, two 40 acre areas, a 20 acre option and with the approximate 130 acres balance mostly in the bush block. The arable open pasture land allowed for the cutting of around 1000 standard small square bales last season (900 square and 30 round) while still running lambing ewes and cattle.

This property present an enviable small holding which can be easily managed as it is or can be further developed with increased production level. The owner is currently looking to stabilise a comfortable stocking rate at above the 200 DSE range (currently growing stock levels for production of fat lambs) plus 20 head of cattle and sow down part to lucerne production. Already providing viable income levels the property should appeal to anyone seeking a farming lifestyle change in retirement with income levels at either full or part-time, it would be a fantastic residential lifestyle opportunity, sets up ideally as an adjunct to larger existing primary production holdings, it could be adjusted to meet the needs of the horse fraternity and would have potential just as an investment and lease back opportunity, (the owner themselves as a possible stay-on tenant). Commuting distance to Hobart is under an hour with most of your daily basics available in Colebrook or otherwise available in just over half an hour's drive to Oatlands, Cambridge, Brighton or Sorell centres. Good pasture, peace and tranquility, privacy, bush runs and substantial timber stands, elevated ranges with good rainfall averages, creek through, ample waterholes, easy access by maintained roads and the magnificence of the huge water storage running deep into the forested gully. Overall, a property that is sure to appeal on a number of fronts. Contact the agent today for further details or to arrange a showing and/or presentation of offers.

Property History for Lot 1 Springhill Bottom Rd, Colebrook, TAS 7027

A timeline of how this property has performed in the market
Last Sold
$183,000
05 Nov 2008
  • 24 Dec 2014
    Listed for Sale Offers Invited Low to Mid $400,000's
  • 05 Nov 2008
    Sold for $183,000

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About Colebrook 7027

The size of Colebrook is approximately 152.5 square kilometres. It has 7 parks covering nearly 4.9% of total area. The population of Colebrook in 2011 was 371 people. By 2016 the population was 305 showing a population decline of 17.8% in the area during that time. The predominant age group in Colebrook is 50-59 years. Households in Colebrook are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Colebrook work in a labourer occupation. In 2011, 82.5% of the homes in Colebrook were owner-occupied compared with 88.4% in 2016.

Colebrook has 283 properties. Over the last 5 years, Houses in Colebrook have seen a 75.10% increase in median value, while Units have seen a -33.59% decrease. As at 31 October 2024:

  • The median value for Houses in Colebrook is $511,078 while the median value for Units is $339,341.
There are currently 6 properties listed for sale, and no properties listed for rent in Colebrook on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in Colebrook.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.