OFF MARKET

440 Prossers Road
Richmond TAS 7025

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 1582000m2
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Property Details for 440 Prossers Rd, Richmond

Building Type
Rural
Land Size
1582000m2
Local Government
Clarence
Lot/Plan
12/175765

Last Listing description (December 2021)

440 Prossers Road, Richmond & 59 Logie Farm Road, Orielton

Logie Farm is well located in the renowned Coal River Valley of South East Tasmania on the fringe of the historic township of Richmond. Logie Farm is predominately north facing with entrances off Prosser's Road & Logie Farm Road, an easy 30-minute drive to the Hobart CBD, Salamanca Markets and Constitution Dock, the finish line of the world famous Sydney/Hobart Yacht Race.

This is the first time Logie Farm has been offered for sale in over 45 years.

Logie farm comprises 317.8 hectares of land on 2 titles. There are 170 plus hectares of arable undulating land which has been identified as being prime land for viticulture. The balance land comprises of light bush,
well-formed roads and tracks exist throughout the property.

The farm has an adequate supply of water for its current use. This currently consists of a 50 megalitre water right from the South East Irrigation Scheme, two large dams and several smaller dams for stock water. Implementing an irrigation strategy would maximise this property's massive potential. Additional water may become available for purchase from the South East Irrigation Scheme in the future.

The property also has a mining lease in place (Stage 2 Quarry) which allows for 20,000 cubic metres of premium grade gravel to be extracted per year, which could also create a good income stream.

The character 3-bedroom home is situated to maximise privacy, sunshine, and pleasant rural views. The home still retains some period features throughout such as pressed metal ceilings, wide hallways, and original fireplaces, giving it a real homely feel. Other features of the home include an upgraded kitchen, wood heating, 2 living areas and covered outdoor entertaining area.

The outbuildings are over 755m2 in size and include a large 3 stand shearing shed, machinery/storage shed and workshop.

The property is zoned rural resource (sub-dividable into 10 Lots STCA) and would suit a variety of uses including property development, mixed farming or most likely will be developed into a large commercial vineyard.

Opportunities like this are rare, its hard to find this size acreage so close to Hobart. Simply put, they are not making any more land, particularly of this quality in such a tremendous location.

The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

All timeframes and dimensions are approximates only.

Property History for 440 Prossers Rd, Richmond, TAS 7025

A timeline of how this property has performed in the market
Last Sold
$3,500,000
03 Dec 2021
  • 03 Dec 2021
    Sold for $3,500,000
  • 09 Jun 2020
    Listed for Sale EOI Over $3.5 million

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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, 30 properties were sold in the past 12 months in Richmond.

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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.