OFF MARKET

1140 New River Road
Ringarooma TAS 7263

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 100m2
Land area: 2521000m2
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Property Details for 1140 New River Rd, Ringarooma

Building Type
Rural
Year Built
1960
Floor Size
100m2
Land Size
2521000m2
Local Government
Dorset
Lot/Plan
1/206394

Last Listing description (July 2015)

1140 NEW RIVER ROAD RINGAROOMA & 23 ROBINSONS ROAD RINGAROOMA (TO BE OFFERED AS A WHOLE) 407.09 HA (1005.91 ACRES)TUCKED AWAY IN A VALLEY ALMOST FORGOTTEN BY TIME WITH THE MOST PICTURESQUE MOUNTAIN RANGE SETTING YOU COULD IMAGINE.THIS SUBSTANTIAL GRAZING PROPERTY IS ONE OF THE LARGEST HOLDINGS EVER OFFERED FOR SALE IN THE RINGAROOMA DISTRICT. IT IS SYNONYMOUS WITH ITS HEREFORD BEEF CATTLE STOCK SOLD THROUGHOUT THE STATE.IMPROVEMENTS INCLUDE 2 HOUSES (THE LAST BUILT IN 2011), 2 HAYBARN STOCKYARDS AND MACHINERY SHED.SOIL TYPES VARY FROM DUPLEX (SANDY CLAY LOAMS) AND CLAY LOAMS.MAJORITY OF THE PROPERTY IS SOWN TO PASTURE WITH AROUND 26 HA OF REGENERATING FORMER PLANTATION, RELIABLE '48' 1200MM RAINFALL. APART FROM ROBINSON ROAD PROPERTY THIS WILL BE THE FIRST TIME OFFERED OUT OF THE FAMILY HANDS SINCE 1950'S.THIS REPRESENTS ONE OF THE VERY FEW OPPORTUNITIES TO PURCHASE ONE OF THE LARGEST PROPERTIES IN THE AREA WITH ENORMOUS POTENTIAL TO FURTHER DEVELOP.THIS PROPERTY COMPRISES 6 TITLES.FOR PROPERTY REPORT CONTACTANDREW BENNETT 0427 224 155MICHAEL WARREN 0458 711 755

Property History for 1140 New River Rd, Ringarooma, TAS 7263

A timeline of how this property has performed in the market
Last Sold
$2,400,000
21 Feb 2015
  • 21 Feb 2015
    Sold for $2,400,000
  • 01 May 2014
    Listed for Sale $2,600,000

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About Ringarooma 7263

The size of Ringarooma is approximately 207.7 square kilometres. It has 10 parks covering nearly 143.8% of total area. The population of Ringarooma in 2011 was 480 people. By 2016 the population was 356 showing a population decline of 25.8% in the area during that time. The predominant age group in Ringarooma is 60-69 years. Households in Ringarooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ringarooma work in a managers occupation. In 2011, 74.1% of the homes in Ringarooma were owner-occupied compared with 67.9% in 2016.

Ringarooma has 233 properties. Over the last 5 years, Houses in Ringarooma have seen a 61.22% increase in median value, while Units have seen a 56.53% increase. As at 31 October 2024:

  • The median value for Houses in Ringarooma is $524,135 while the median value for Units is $291,681.
  • Houses have a median rent of $200.
There are currently 2 properties listed for sale, and no properties listed for rent in Ringarooma on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Ringarooma.

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