OFF MARKET

871 Elphinstone Road
Cressy TAS 7302

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 85m2
Land area: 1497000m2
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Property Details for 871 Elphinstone Rd, Cressy

Building Type
Rural
Floor Size
85m2
Land Size
1497000m2
Local Government
Northern Midlands
Lot/Plan
1/143158

Last Listing description (September 2023)

Arndilly represents a property with a sound history in Beef production on the highly desirable Cressy Dermosol Clays in the Northern Midlands region of Tasmania. A multifaceted property of approximately 369.9 acres of which 291.5 acres approx. is arable ground and the balance being natural timber bush.

Within close proximity to the townships of Bracknell, Cressy & Longford and only 30 minutes to Launceston

Scale

Comprising 149.7 hectares (369.9* acres)

Location
Situated in the Northern Midlands region of Tasmania, 10 kilometres from Cressy, 20.2 kilometres from Longford and 36.2 kilometres from Launceston. The Northern Midlands Region is a farming area known for its exceptional production figures with a focus on Lamb & Beef fattening, Cereals and Fodder cropping.

Access
Frontage to Elphinstone Road and Liffey Road which provides great access to heavy machinery accessing different areas of the property.

Topography
The Property has a slight undulation from both road boundaries to the centre of the property where the fall feeds into Murphy's Creek. Underfoot one will find predominantly productive dermosol clay soils with areas of finer Eastfield Association sandy clays in the bush country.

Rainfall & Water
'Arndilly' on average receives 751 mm of rainfall being so closely situated to the Great Western Tiers whilst Murphy's Creek dissects through the centre of the property.

Pastures
Arndilly's pasture is predominantly made up of improved ryegrass/fescues and brassicas. Currently approximately 5 ha is sowed with a rape brassica. Regularly fertilised with the last application in September 2022.

Arndilly is for sale by Expressions of Interest closing on Friday May 12th 2023 at 4pm AEDT. For further information on this exciting opportunity or to arrange an inspection please don't hesitate to make contact with Rowan Fitch at Harrison Agents.

Property History for 871 Elphinstone Rd, Cressy, TAS 7302

A timeline of how this property has performed in the market
Last Sold
$4,100,000
24 May 2023
  • 24 May 2023
    Sold for $4,100,000
  • 14 Apr 2023
    Listed for Sale Expressions of Interest - Closing May 12th
  • 31 Jan 2005
    Sold for $541,000

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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 577 properties. Over the last 5 years, Houses in Cressy have seen a 74.44% increase in median value. As at 30 September 2024:

  • The median value for Houses in Cressy is $388,096 while the median value for Units is $406,055.
  • 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, 26 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.