32 Torrens StreetRichmond TAS 7025
Property Details for 32 Torrens St, Richmond
Last Listing description (October 2020)
Adjoining the Coal River, you could not imagine a more idyllic location to find just over 11 acres (4.576 hectares approximately), of fertile, flat land that has exciting potential in the short term for building on, and long term for future development (subject to all the necessary approvals of course). The river flows along the north easterly boundary with an aspect that attracts all day sun.
In its current state, it is perfectly suited to intensive horticultural use due to the current licence accessing up to 18.5 megalitres per annum reticulated through an underground main onto this land. Long term, the best use for this unique parcel of land is a residential development which, under it's current "rural" zoning, would require time and investigation to come to fruition. In saying this, water and sewer lines do run the length of Torrens Street which would easily facilitate such a development.
Being less than 5 minutes walk to the centre of Richmond and the Richmond Bridge, this is a rare opportunity to secure a large parcel of land where few still remain, located directly around this popular, community-based township.
There are also two large sheds on the land which currently house farming equipment, one 110sqm in size and the other 70sqm approximately.
Another "golden opportunity" in Richmond awaits you here...so start exploring the possibilities that are considered to be inevitable, based on surrounding developments in the area.
Property History for 32 Torrens St, Richmond, TAS 7025
- 02 Mar 2020Listed for Sale Offers over $950,000
- 12 Jul 2019Listed for Sale Offers over $900,000
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0About Richmond 7025
The size of Richmond is approximately 89.9 square kilometres. It has 6 parks covering nearly 0.3% of total area. The population of Richmond in 2011 was 1,609 people. By 2016 the population was 1,461 showing a population decline of 9.2% in the area during that time. The predominant age group in Richmond is 50-59 years. Households in Richmond are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 80.8% of the homes in Richmond were owner-occupied compared with 80% in 2016.
Richmond has 860 properties. Over the last 5 years, Houses in Richmond have seen a 68.82% increase in median value, while Units have seen a 88.70% increase. As at 31 October 2024:
- The median value for Houses in Richmond is $850,221 while the median value for Units is $504,589.
- Houses have a median rent of $550.
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