SOLD
Sold on 28 Mar 2024 for $1,050,000

524 Golconda Road
Lilydale TAS 7268

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 122m2
Land area: 24372m2
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Property Details for 524 Golconda Rd, Lilydale

524 Golconda Rd, Lilydale is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1986. The property has a land size of 24372m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Lilydale in the last 12 months.

Building Type
House
Year Built
1986
Floor Size
122m2
Land Size
24372m2
Local Government
Launceston
Lot/Plan
2/11654

Last Listing description (May 2024)

Located in a beautiful setting in a luscious green valley, with views over the valley towards Mount Arthur with snow in winter. This is a rare opportunity to purchase a small hobby farm with an income without all the hard work.

Crestview Blueberry farm offers a 3 bedroom fully furnished brick home built in 1986, with a full renovation just completed inside and out. The home has an internal garage, and a double garage with extra large cool room, used as the shop area for selling the blue berries , and includes all plant and equipment.
This property is on the market for $1 million, and with a taxable minimum income of

approx. $50k+, per year in PYO berry sales.
The labour on the farm is minimal, as guests do their own picking and pay $10 kg for fruit. There are around 2300 bushes aged 35 years old, with up to 20 years of growth remaining, and room for 1000 plant expansion.
Currently 100-120 bushes per row with 22 rows in total. The soil is acidic ph5.
The owner, who has been operating the blueberry farm since 1992, prunes the plants every 3rd year, and stands in whilst the picking season is on, 8am-5 pm, from early January- March (8-9 weeks) carrying out the customer sale and purchase of the fruit.

The rest of the year is pretty much free to do as you please. You could even rent the house out and pay a manager to stand in for the picking season.
If you live in the home, there is plenty of time to enjoy a viable income from the established business as well as planting young bushes for the future.
Watering of the plants is done by a recently installed bluetooth electronic system, that pumps water from the spring fed dam once per day in the summer season. There is an abundance of water, around 3 million litres in the dam which is constantly full, and the area has a good rainfall.
The land is 2.4 hectares, (6 acres) with minimal maintenance.
There is ample room for up to 60 cars to be parked on the land during the picking season. Access is via a separate right of way and does not intrude into the private home area. The property is to be sold with all plant and equipment needed for the ongoing business including a Zenoh 12.5 hp tractor 1992 (4 wheel drive diesel).

An important aspect to consider is, - this property need not be necessarily sold as an ongoing concern, so if the buyer is not interested in maintaining the business side, there is no obligation to keep on doing so.

Access to the property is safe and easy from a recently upgraded highway. The property is only 5 minutes from the Lilydale township that offers many conveniences and school facilities.
Around 25 minutes to Launceston CBD.
Extra points to note: Good fencing- some is new. Fully renovated home. Heat pump (reverse-cycle air conditioner) NBN. Second toilet in garage for customers. 2 water tanks-15k + 5k litres. Ongoing water supply from spring fed dam -3 mill litres. 4x water pumps. Walk in walk out with all new furniture, whitegoods and business equipment.
Berry storeroom has had a recent upgrade to stainless steel benches around $6k. Along with a brand new Bosch alarm system installed at a cost of $4k

For further details please email or call Sharon Fahey.

Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 524 Golconda Rd, Lilydale, TAS 7268

A timeline of how this property has performed in the market
Last Sold
$1,050,000
28 Mar 2024
  • 28 Mar 2024
    Sold for $1,050,000
  • 20 Dec 2023
    Listed for Sale Offers Over $1 million
  • 18 Jun 2021
    Listed for Sale Offers Over $950,000
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About Lilydale 7268

The size of Lilydale is approximately 44 square kilometres. It has 3 parks covering nearly 13.3% of total area. The population of Lilydale in 2011 was 659 people. By 2016 the population was 604 showing a population decline of 8.3% in the area during that time. The predominant age group in Lilydale is 0-9 years. Households in Lilydale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lilydale work in a trades occupation. In 2011, 81.4% of the homes in Lilydale were owner-occupied compared with 78.6% in 2016.

Lilydale has 412 properties. Over the last 5 years, Houses in Lilydale have seen a 75.58% increase in median value, while Units have seen a 75.27% increase. As at 31 August 2024:

  • The median value for Houses in Lilydale is $580,989 while the median value for Units is $385,741.
There are currently 4 properties listed for sale, and no properties listed for rent in Lilydale on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Lilydale.

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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.