OFF MARKET

426 Prossers Road
Richmond TAS 7025

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 208700m2
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Property Details for 426 Prossers Rd, Richmond

Building Type
Land
Land Size
208700m2
Local Government
Clarence
Lot/Plan
11/175764

Last Listing description (January 2021)

Situated on nearly 21 hectares of superb agricultural land, 426 Prossers Road is an outstanding opportunity to acquire a significant and unique land holding. Minutes drive to Historic Richmond and in the heart of the Coal River Valley Wine Region, you are surrounded by quality properties and highly acclaimed wineries such as Domaine A, Frogmore Creek and Riversdale Estate. Neighbouring the property on the adjacent blocks is also a newly established 11ha vineyard.

The property is shaped with optimal topography and North, East and West slope orientation, well suited for viticulture, stone fruit and olives. The high-point of the block features a substantial level building envelope suitable for both private residences and commercial operations.

Several activities have already been carried out to prepare the property for fresh produce including vineyards and stone fruit, including a road that has been constructed from the Prossers Road Entry to the Building Envelope at the properties high-point. Other activities include the purchase of 10 megalitres* of water entitlement from Tasmanian Irrigation, designs for the irrigation pipe design to the gate of the property and quotes obtained from all contractors required to develop a 5-7ha vineyard including soil and core testing, test ripping, and the needed conditioning regime of the soil.

This is genuinely a unique opportunity to acquire a significant landholding, for agriculture and/or residential use, in this blue ribbon wine region.

*Water entitlement negotiable with the purchase of the property as an inclusion/exclusion

Property History for 426 Prossers Rd, Richmond, TAS 7025

A timeline of how this property has performed in the market
Last Sold
$600,000
04 Dec 2019
  • 05 Feb 2020
    Listed for Sale Offers Over $575,000
  • 04 Dec 2019
    Sold for $600,000
  • 24 May 2018
    Sold for $405,000

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About 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.
There are currently 10 properties listed for sale, and no properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 32 properties were sold in the past 12 months in Richmond.

Suburb Insights for Richmond 7025

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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.