OFF MARKET

Lake River Road
Cressy TAS 7302

Bedrooms: 5
Bathrooms: 2
Car spaces: 4
Floor area: 211m2
Land area: 3133000m2
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Property Details for Lake River Rd, Cressy

Lake River Rd, Cressy is a 5 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 3133000m2 and floor size of 211m2. While the property is not currently for sale or for rent, it was last sold in November 1995.

Building Type
House
Floor Size
211m2
Land Size
3133000m2
Local Government
Northern Midlands
Lot/Plan
2/103677

Last Listing description (January 2014)

UNIQUE LIFESTYLE/WEEKENDER
THIS 250 HECTARE PROPERTY IS LOCATED APPROXIMATELY 45 MINUTES FROM LAUNCESTON, SOUTH OF CRESSY ON A NORTH EASTERLY FACING SLOPE OF THE GREAT WESTERN TIERS. THE COUNTRY RANGES IN ALTITUDE FROM 500 METRES ABOVE SEA LEVEL (SOUTHERN BOUNDARY) TO 250M AT THE HOMESTEAD, A SHORT DISTANCE FROM LAKE RIVER ROAD. THERE ARE HIGH DOLERITE OUTCROPS, WHICH OFFER MAJESTIC VIEWS OVER THE NORFOLK PLAINS, MOUNT KINGSTONE AND TO AN 1,100M RIDGE OF THE GREAT WESTERN TIERS. THERE IS PERMANENT WATER AVAILABLE FROM ABRAHAMS CREEK WHICH FLOWS ALONG THE NORTHERN BOUNDARY. THIS CREEK SUPPLIES TROUGHS, DOMESTIC GARDEN/ORCHARD AND THE HOUSE. THE ATTRIBUTES OF THE PROPERTY VARY WITH THE TERRAIN. THE IMPROVED PASTURE PRODUCTION AMOUNTS TO 45 HECTARES (112 ACRES). THIS AREA HAS BEEN DEVELOPED ON THE LOWER, GENTLY SLOPING RIDGES WHICH HAVE SUPPORTED SHEEP AND CATTLE GRAZING. 110 HECTARES (272 ACRES) WERE CLEAR FALLEN AND IS NOW REGENERATING FOREST AS STRONG REGROWTH. EUCALYPTUS DELEDATENSIS (WHITE TOP STRINGY BARK) EUCALYPTUS AMYGDALINA (BLACK PEPPERMINT) DOMINATE THE EASTERN ROCKIER OUTCROPS. THERE IS 88 HECTARES (217ACRES) OF WATTLE SCRUB REGROWTH. MATURE BLACK PEPPERMINTS LINE THE CORRIDOR OF ABRAHAMS CREEK. IN THE LONGER TERM, THESE AREAS HAVE POTENTIAL TO GROW HIGH VALUE SAW LOGS (HIGHER VALUE THAN CONSIDERING CARBON TRADING PROSPECTS). CAPITAL INFRASTRUCTURE THE HOMESTEAD IS A LARGE SINGLE STOREY RENOVATED TIMBER DWELLING, WHICH HAS BEEN WELL MAINTAINED. IT CONTAINS 2 LARGE LIVING AREAS, 6 BEDROOM, 2 BATHROOMS AND 2 SUNDECKS. WOOD FIRES HEAT THE ENVIRONMENT AND ARE BACKED UP BY A SLOW COMBUSTION STOVE, WHICH IS CONNECTED TO THE HOT WATER SERVICE. BOTTLED GAS CONNECTED TO COOK TOP AND FRIDGE. THERE ARE 8 SOLAR PANELS TO GENERATE POWER FOR STORAGE IN 12 BATTERIES. A PETROL YAMAHA EF 2600 GENERATOR BACKS UP THE POWER SUPPLY. THERE IS ALSO A LARGE LAUNDRY AND STORAGE ROOM. TELECOM AND INTERNET SERVICES ARE CONNECTED. FARM SHEDDING INCLUDES A 8.5M X 4M TRUCK/TRACTOR SHED, A TWO STAND STEEL CONSTRUCTED SHEARING SHED (20M X 12M/LARGE UNDERCOVER AREA/10 PENS), A STEEL AND TIMBER SKILLION ROOFED SHED OFF SHEARING SHED HOUSES FARM IMPLEMENTS, CATTLE YARDS AND LOADING RAMP (NO CRUSH). ORCHARD INCLUDES LEMON, LIME, KIWI FRUIT, PEACH, PASSIONFRUIT AND GRAPES.

Property History for Lake River Rd, Cressy, TAS 7302

A timeline of how this property has performed in the market
Last Sold
$310,000
17 Nov 1995
  • 04 Jul 2012
    Listed for Sale $700,000
  • 17 Nov 1995
    Sold for $310,000

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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.

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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.