OFF MARKET

117 Main Street
Cressy TAS 7302

Bedrooms: 6
Bathrooms: 5
Car spaces: 3
Floor area: 202m2
Land area: 2919m2
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Property Details for 117 Main St, Cressy

Building Type
Commercial
Year Built
1950
Floor Size
202m2
Land Size
2919m2
Local Government
Northern Midlands
Lot/Plan
2/155588

Last Listing description (February 2017)

A unique opportunity to develop your own business in the accommodation industry. Five self contained cabins in the heart of Cressy, 4 one bedroom units and 1 with a double room plus bunk room. On 2919m2 of level to gently sloping ground, there is lots of space available to further develop the site (STCA). Occupancy through winter is spasmodic, mostly tourists, fishermen or workers, however with the local berry/cropping industry growing at a rapid pace, the cabins are almost booked out from around October to April. With a little promotion and further expansion of the accommodation, it is the perfect opportunity to become your own boss or simply semi retire and enjoy the good life.

Property History for 117 Main St, Cressy, TAS 7302

A timeline of how this property has performed in the market
Last Sold
$230,000
09 Feb 2017
Listed for Rent
21 Jul 2011
  • 09 Feb 2017
    Sold for $230,000
  • 25 Jan 2017
    Listed for Sale $240,000
  • 06 Jun 2012
    Listed for Sale $175,000
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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 579 properties. Over the last 5 years, Houses in Cressy have seen a 82.16% increase in median value. As at 31 October 2024:

  • The median value for Houses in Cressy is $409,127 while the median value for Units is $397,826.
  • Houses have a median rent of $420.
There are currently 5 properties listed for sale, and no properties listed for rent in Cressy on OnTheHouse. According to CoreLogic's data, 26 properties were sold in the past 12 months in Cressy.

Suburb Insights for Cressy 7302

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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.