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Sold on 26 Mar 2024 for $2,550,000

473 Green Rises Road
Cressy TAS 7302

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 157m2
Land area: 528000m2
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Property Details for 473 Green Rises Rd, Cressy

Building Type
Rural
Year Built
2007
Floor Size
157m2
Land Size
528000m2
Local Government
Northern Midlands
Lot/Plan
1/141802

Last Listing description (May 2024)

Introducing "Nimatibel", an approximately 52.8 hectare property located in Cressy, Tasmania, presented by Nutrien Harcourts. This agricultural offering is characterised by practical features suitable for various farming endeavors.

Key Features:
- 52.8 hectares (130 acres) across 1 title

- Excellent red/brown soil types, not cropped for 7 years
- Good rectangular shape with laneway and electric fencing
- Approx. 100ML of irrigation water and linear irrigator
- Modern 3 bedroom brick home with a spacious living area, landscaped garden, inground pool
- Expansive views of the Western Tiers and Ben Lomond
- 19 temporary stables and day paddocks, several machinery sheds/hay barns and workshop

Ideal first farm or add on with option to lease the house and buildings separately adds flexibility and potential income streams to the investment.

If you would like a copy of the Information Memorandum or would like to schedule an inspection please contact:
Michael Warren - 0458 711 755
Max Calvert - 0478 858 237
Martin O'Byrne - 0417 594 960

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Property History for 473 Green Rises Rd, Cressy, TAS 7302

A timeline of how this property has performed in the market
Last Sold
$2,550,000
26 Mar 2024
  • 26 Mar 2024
    Sold for $2,370,000
  • 16 Feb 2024
    Listed for Sale Expressions of Interest closing March 21st 2024
  • 27 Sep 2015
    Listed for Sale $1,200,000
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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 87.48% increase in median value. As at 30 November 2024:

  • The median value for Houses in Cressy is $421,832 while the median value for Units is $427,375.
  • Houses have a median rent of $420.
There are currently 3 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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