340 Green Rises RoadCressy TAS 7302
Property Details for 340 Green Rises Rd, Cressy
Last Listing description (June 2023)
Nestled on the outskirts of the Cressy township in the highly desirable northern midlands region. A versatile holding of approximately 169.7 acres, with approx 95.1 acres being under centre pivot, 39 acres under hard hose irrigation and the balance being dryland.
Within close proximity to the bustling township of Longford and only 30 minutes to Launceston
Scale
Location
Situated in the Northern Midlands region of Tasmania, 5.9 kilometres from Cressy, 13.2 kilometres from Longford and 36.8 kilometres from Launceston. The Northern Midlands Region is a farming area known for its exceptional production figures with a focus on Lamb fattening, Cereals and Fodder cropping.
Access
Frontage to Green Rises Road and Maitland Lane which provides great access to heavy machinery accessing different areas of the property.
Topography
The Property boasts a gently undulating topography comprising productive clay soils gently rising to the centre of the property whilst the Cressy Longford Irrigation Scheme transit through the North West corner of the property.
Water
Butleigh Hill is secured by two water rights from the Cressy Longford Irrigation Scheme for a total of 140 ML. Further to this the Cressy district has an average rainfall of 621 mm.
Pastures
A genuine high performance Lucerne production enterprise from 2019 with a focus on lamb fattening during the winter months. Butleigh Hill has had success in the past in growing Potatoes, Broccoli, Ryegrass and Poppies. Regularly fertilised with the last application in April 2022.
Future Opportunity
Proven high production region, with water security and a history of success there is no doubting that Butleigh Hill will make a phenomenal addition to any farming enterprises business.
Butleigh Hill is for sale by Expressions of Interest closing on Friday March 24th 2023 at 4pm AEDT. For further information on this exciting opportunity, to arrange an inspection or request and Information memorandum please don't hesitate to make contact with Rowan Fitch at Harrison Agents.
Property History for 340 Green Rises Rd, Cressy, TAS 7302
- 27 Mar 2023Sold for $3,210,000
- 21 Feb 2023Listed for Sale Expressions of Interest - Closing 24th March
- 20 Mar 2017Sold for $1,075,000
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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.
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