SOLD
Sold on 21 Jan 2024 for $9,510,000

1097 Cressy Road
Cressy TAS 7302

Bedrooms: 5
Bathrooms: 3
Car spaces: -
Floor area: 414m2
Land area: 674000m2
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Property Details for 1097 Cressy Rd, Cressy

Building Type
Rural
Year Built
1826
Floor Size
414m2
Land Size
674000m2
Local Government
Northern Midlands
Lot/Plan
2/50936

Last Listing description (January 2024)

The timeless elegance of Georgian architecture, superb park like gardens with mature English trees and the most spectacular views from the elevated position overlooking the Macquarie River and farmland beyond, Richmond Hill is a magnificent rural property, with a rich history.
The beautifully proportioned double brick stucco home has a central hallway with original fan lit front door, tall windows and high ceilings and offers five generous sized bedrooms, three bathrooms and three living rooms, all with a stunning garden or river views. Hydronic heating throughout, wood heaters in the two main living rooms and underfloor heating in the kitchen and bathrooms, keeps the home cosy during the Tasmanian winter.

The Granary is an imposing 1823 double storey building. With its massive stone walls, convict brick construction, and exposed beams throughout, it has had a number of uses over the years. It is now a three-bedroom home with a huge open plan living area spanning the top floor of the building. Currently operating as self contained accommodation, The Granary recently won gold at the Tasmanian tourism awards.

The Cottage is believed to be the original dwelling from the early 1800's, and for many years remained derelict. A recent renovation has transformed this building into the most delightful two-bedroom, two bathroom cottage.

The property consists of approx. 67 ha of prime agricultural land, with 3 pivot irrigators, a substantial water right and a number of useful outbuildings, including a 5 bay machinery shed, timber barn for storage and shearing shed and stock yards. There is extensive frontage to the Macquarie River and a pontoon for water activites such as fishing, swimming and kayaking.

The property is exceptionally private and accessed by over one kilometre of hawthorn hedge lined driveway. Located on the edge of the Cressy township, 25 minutes to Launceston and 20 minutes to the airport.

Inspections strictly by appointment.

Property History for 1097 Cressy Rd, Cressy, TAS 7302

A timeline of how this property has performed in the market
Last Sold
$9,510,000
21 Jan 2024
  • 21 Jan 2024
    Sold for $9,510,000
  • 08 Dec 2023
    Listed for Sale Expressions of Interest
  • 18 Sep 2012
    Sold for $2,800,000
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About Cressy 7302

The size of Cressy is approximately 585.1 square kilometres. It has 5 parks covering nearly 9.1% of total area. The population of Cressy in 2011 was 1,403 people. By 2016 the population was 1,131 showing a population decline of 19.4% in the area during that time. The predominant age group in Cressy is 0-9 years. Households in Cressy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cressy work in a managers occupation. In 2011, 68.1% of the homes in Cressy were owner-occupied compared with 66% in 2016.

Cressy has 578 properties. Over the last 5 years, Houses in Cressy have seen a 74.90% increase in median value. As at 31 August 2024:

  • The median value for Houses in Cressy is $401,141 while the median value for Units is $337,731.
  • Houses have a median rent of $420.
There are currently 4 properties listed for sale, and no properties listed for rent in Cressy on OnTheHouse. According to CoreLogic's data, 25 properties were sold in the past 12 months in Cressy.

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Disclaimer
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.