OFF MARKET

189 Buster Road
Melrose TAS 7310

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1258000m2
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Property Details for 189 Buster Rd, Melrose

Building Type
Land
Land Size
1258000m2
Local Government
Devonport
Lot/Plan
2/170935

Last Listing description (December 2022)

Great central coastal property only 15 minutes to Devonport City, ferry terminal and close to airport.
Predominantly used as a grazing-fattening enterprise, this property has tremendous potential to a wide variety of agricultural pursuits. "Gerrands" features over 2km of full Don River frontage with approximately 10 hectares of river flats. Undulating grazing land is approximately 85 hectares and balance of 8 hectares quality bushland and stock shelter. An area of 21 hectares of bushland has been set aside for conservation purposes.
Water is from Don River, dam and numerous springs plus bore for additional stock water. Sheep yards, barn and machinery shed.

Unique and private rhododendron garden and rainforest area have been developed as a family recreation area.
"Gerrands" represents a great opportunity to obtain a substantial and versatile acreage so close to the coast.

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Property History for 189 Buster Rd, Melrose, TAS 7310

A timeline of how this property has performed in the market
Last Sold
$1,000,000
15 May 2018
  • 05 Dec 2022
    Listed for Sale $2,200,000
  • 10 Mar 2022
    Listed for Sale $2,250,000
  • 15 May 2018
    Sold for $1,000,000

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About Melrose 7310

The size of Melrose is approximately 12.1 square kilometres. It has 2 parks. The population of Melrose in 2011 was 1,024 people. By 2016 the population was 81 showing a population decline of 92.1% in the area during that time. The predominant age group in Melrose is 40-49 years. Households in Melrose are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melrose work in a trades occupation. In 2011, 83.3% of the homes in Melrose were owner-occupied compared with 92.6% in 2016..

Melrose has 48 properties. Over the last 5 years, Houses in Melrose have seen a 85.12% increase in median value, while Units have seen a 7.19% increase. As at 31 August 2024:

  • The median value for Houses in Melrose is $672,991 while the median value for Units is $365,441.
There are currently no properties listed for sale, and no properties listed for rent in Melrose on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Melrose.

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