This delightful farm at Griffins Road in Karoola consists of 2 titles totaling approximately 31.3 hectares or 77 acres of improved pasture divided into several well-fenced paddocks with shelter belts. The property has traditionally been used to run a cow and calf herd and is currently agisting dairy heifers. A winter creek runs through the property, with a stock and domestic water right from Second River and several tanks providing all the required water to the home and paddocks. 3 small dams are located throughout the farm and are all fenced.
The homestead, built in 1994 is situated well off the main road in a very private location and surrounded by a well-fenced cottage garden with mature trees. Spacious living, 4 large bedrooms and 2 bathrooms provide for family living with a large wrap around deck for sun and shelter. The outbuildings are in good order and include a 2 bay garage/workshop, with an internal office and mezzanine floor, a large double bay machinery shed and skillion hay barn, stock yards and shearing shed. The farm adjoins the Merthyr Park Reserve with walking tracks and preserved native bushland.
This fantastic acreage will suit a number of farming pursuits including grazing, horticulture and equestrian and will appeal to a wide range of prospective purchasers. The property is situated only 25 minutes to Launceston CBD and 35 minutes to the airport, as well as being close to several vineyards and local schools with attractions such as Lilydale Falls and Hollybank nature reserve.
The size of Karoola is approximately 32.1 square kilometres. It has 2 parks. The population of Karoola in 2011 was 488 people. By 2016 the population was 313 showing a population decline of 35.9% in the area during that time. The predominant age group in Karoola is 50-59 years. Households in Karoola are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Karoola work in a professional occupation. In 2011, 87% of the homes in Karoola were owner-occupied compared with 89.8% in 2016.
Karoola has 181 properties. Over the last 5 years, Houses in Karoola have seen a 77.64% increase in median value. As at 31 October 2024:
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