OFF MARKET

1013 Tea Tree Road
Tea Tree TAS 7017

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Land area: 22330m2
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Property Details for 1013 Tea Tree Rd, Tea Tree

Building Type
Rural
Land Size
22330m2
Local Government
Southern Midlands
Lot/Plan
1/106751

Last Listing description (September 2017)

Due to a sale falling through 'ese vineyard is back on the market.
We are looking at offers over $500,000 with Plant and Equipment, wine stocks etc over and above that figure.
The property has recently been independently valued by a professional valuer at a higher $ s figure than we are suggesting. The owners elderly parents live on the property and have run a very successful vineyard. Their health has been steadily deteriorating and the Vendor would like to work on a sale ASAP to relieve them of any pressure. The vineyard is being well maintained with pruning and management of vines continuing.

`ese vineyard has established a strong reputation for producing superb, medal winning pinot noir, sparkling and chardonnay wines. Celebrated wine writer, James Halliday has included `ese in his top one hundred wines. `ese vineyards has been established and nurtured by the owners over the past 15 years. They have lovingly tended the vines and devoted generations of Italian wine growing expertise and knowledge, to ensure superb vintages are produced.
The property comprises 2 titles (2.123ha and 4.040ha) with all the improvements and vineyard on one title. There is approximately 2.9ha (7 acres) planted to vines, leaving a little over 3ha (7 acres) for further planting and expansion. There is the opportunity to sell off one title (there are two titles, one contains nearly all the vineyard and includes the very comfortable 2 bedroom house and a small area of vines). In this location, the house would be an ideal cellar door, small scale restaurant/caf (STCA).
Water is provided from a bore and via the regional irrigation scheme. A frost protection system (mist) has successfully been trialled and plans and costings are to be made available to interested parties.
`ese is located at the gateway to Tasmania's famous Coal River Valley, 10 minutes from historic Richmond and just 25 minutes from Hobart CBD. Approached via Richmond Road, `ese is on an established wine route. Richmond Road is a major tourist road accessing Tasmania's famous and pristine East Coast beaches.
ese is planted to Pinot Noir, Sauvignon Blanc and Chardonnay. The soils are black doleritic with a good mix of small stone. The micro climate is ideal for viticulture, with the long dry warm summer days being perfect to finish the grapes.
A comprehensive Property Report along with further information is available.
Your enquiry and inspection is invited.

Property History for 1013 Tea Tree Rd, Tea Tree, TAS 7017

A timeline of how this property has performed in the market
Last Sold
$360,000
02 Nov 2017
  • 02 Nov 2017
    Sold for $360,000
  • 04 Jul 2016
    Listed for Sale Offers Over $500,000
  • 29 Jun 2012
    Listed for Sale EXPRESSIONS OF INTEREST
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About Tea Tree 7017

The size of Tea Tree is approximately 77.3 square kilometres. The population of Tea Tree in 2011 was 327 people. By 2016 the population was 418 showing a population growth of 27.8% in the area during that time. The predominant age group in Tea Tree is 40-49 years. Households in Tea Tree are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Tea Tree work in a trades occupation. In 2011, 93.8% of the homes in Tea Tree were owner-occupied compared with 95.2% in 2016.

Tea Tree has 242 properties. Over the last 5 years, Houses in Tea Tree have seen a 55.42% increase in median value. As at 30 September 2024:

  • The median value for Houses in Tea Tree is $775,424 while the median value for Units is $454,858.
There are currently 4 properties listed for sale, and no properties listed for rent in Tea tree on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Tea tree.

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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.