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Sold on 22 Jul 2024 for $220,000

North East River Road
Palana TAS 7255

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 100100m2
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Nutrien Harcourts Flinders Island
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Property Details for Lot 1 North East River Rd, Palana

Building Type
Rural
Land Size
100100m2
Local Government
Flinders

Last Listing description (July 2024)

Lot 1 is located on North East River Road, Palana at the northern end of Flinders Island in north east Bass Strait. This bush block contains a land area of 61.5 hectares (151.96 acres approx.) and is situated at the entrance to the scenic North East River area. It enjoys a frontage of approx. 500 metres to the North East River Estuary and elevates from there to around 60 metres above sea level. This elevation lends to many potential house sites (STCA) that will enjoy spectacular views of surrounding coastal areas including the Patriarchs, Babel Island and the Outer Sister Island.
The North East River area is acknowledged as one of the finest fishing spots in the Furneaux Group with Australian salmon, flathead, flounder and prawns available.
Attractive stands of native vegetation and abundant wildlife ensures that this property is a nature lovers paradise.

This property is situated in a well sought-after area and represents exceptional value for money, this is an opportunity not to be missed.
Don't let this chance slip away. Contact us today and come see for yourself what a paradise Flinders Island is.

Please note: not all photos are taken of or from the property.

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Property History for Lot 1 North East River Rd, Palana, TAS 7255

A timeline of how this property has performed in the market
Last Sold
$220,000
22 Jul 2024
  • 22 Jul 2024
    Sold for $220,000
  • 01 Jul 2024
    Listed for Sale Not Disclosed
  • 14 Aug 2023
    Sold for $150,000

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About Palana 7255

The size of Palana is approximately 45.9 square kilometres. It has 2 parks covering nearly 6.5% of total area. The population of Palana in 2011 was 447 people. By 2016 the population was 13 showing a population decline of 97.1% in the area during that time. The predominant age group in Palana is 70-79 years. Households in Palana are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Palana work in a trades occupation. In 2006, 20.3% of the homes in Palana were owner-occupied compared with 71.5% in 2011..

Palana has 60 properties. Over the last 5 years, Houses in Palana have seen a 251.08% increase in median value. As at 31 October 2024:

  • The median value for Houses in Palana is $843,891.
There are currently 1 property listed for sale, and no properties listed for rent in Palana on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Palana.

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