7724 Channel HighwayCygnet TAS 7112
Property Details for 7724 Channel Hwy, Cygnet
7724 Channel Hwy, Cygnet is a 6 bedroom, 3 bathroom House with 10 parking spaces and was built in 1970. The property has a land size of 28000m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in November 2018.
Last Listing description (January 2019)
Ideally positioned on the outskirts of the vibrant Cygnet township this property, comprising home, converted barn and approximatley 7 acres has a lot to offer.
The five bedroom, 2 bathroom home is currently licenced backpacker accommodation and includes a large open plan kitchen dining area along with a separate woodheated and sunny living area. This spacious home would also make a wonderful family home if you no longer wanted to continue the accommodation option.
A large, rustic, timber barn on the property has been converted and is currently used as long term rental accommodation but has the potential to further expand the guest accommodation side of the business.
Dual access into the property from both the highway and Dougs Road give extra opportunities to develop the property with the current owners having developed a level building pad below the barn with a meter box and power with the view to grow income with a campsite. (STCA)
With large strawberry fields across the road, cherry orchards nearby and many other fruit picking opportunities available in the area, the property is in the ideal location to expand (STCA) and make the most of the current under supply of accommodation for backpackers.
Property History for 7724 Channel Hwy, Cygnet, TAS 7112
- 10 Nov 2018Sold for $520,000
- 06 Apr 2017Listed for Sale $650,000
- 26 Apr 2016Listed for Rent $350 / week
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0About Cygnet 7112
The size of Cygnet is approximately 57.5 square kilometres. It has 8 parks covering nearly 18% of total area. The population of Cygnet in 2011 was 1,453 people. By 2016 the population was 1,547 showing a population growth of 6.5% in the area during that time. The predominant age group in Cygnet is 60-69 years. Households in Cygnet are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cygnet work in a trades occupation. In 2011, 71.8% of the homes in Cygnet were owner-occupied compared with 71.1% in 2016.
Cygnet has 1,037 properties. Over the last 5 years, Houses in Cygnet have seen a 59.11% increase in median value, while Units have seen a 100.49% increase. As at 31 October 2024:
- The median value for Houses in Cygnet is $621,797 while the median value for Units is $487,296.
- Houses have a median rent of $490 while Units have a median rent of $375.
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