OFF MARKET

684 Palana Road
Whitemark TAS 7255

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 956577m2
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Property Details for 684 Palana Rd, Whitemark

Building Type
Land
Land Size
956577m2
Local Government
Flinders
Lot/Plan
1/238796

Last Listing description (June 2019)

This property can be purchased on an attractive WIWO basis. It offers the opportunities to own your own valley, to graze cattle and/or carry lucrative sheep and crop as well. Increasing the inputs would increase the stocking rates if so desired. The property has the water, soils, fencing and fertility to provide a great financial return and lifestyle for the new owners! It a credit to the inventive and cost efficient methods the vendors have perfected, to have developed this property over the last 16 years to such a high level. The yearly production demonstrates the excellent productivity generated from the property. There are opportunities to take it to another level of stocking rates and fodder production so a decent capital gain could be realized in for the new owners. The vendor's current agricultural contracting business (hay, silage, spraying and cultivation) can be continued by a new owner if so desired and would provide a significant additional source of income. Flinders Island house construction is an expensive exercise so the fact the house has recently had a quality renovation undertaken is a bonus. It has 2 bedrooms and an office which could potentially be a third. Quality Miele and Bosch appliances in theopen plan kitchen. There is a large machinery shed with concrete floored workshop and quality stock-yards. It is located on a sealed road some 7 kilometres from Whitemark with its airport, schools, hospital, bowls and golf clubs etc. and so very close to various beaches and fishing locations meaning a balanced lifestyle will ensure. The farm lays below a water shed, forested hill side with a permanent underground water. The soil holds summer moisture as well as having a permanent water bore for home and stock which is reticulated throughout the property. There are 13 dams on the property and a permanent spring fed dam demonstrates the clarity and quality of water and could provide a small scale irrigation opportunity. The soils vary from moisture, nutrient holding darker soils to some red soils and to lighter well drained sandier soils that also hold moisture. Fencing is really good, both boundary and internal. If conversion to a sheep operation, the fencing would generally just require one more strand. Fertility rates vary from excellent to average however the vendors dosing of stock water with minerals and generous fertilizing applications with the fodder cropping, again ensures efficient expenditure. With its great ocean views to Bass Strait and the outer islands, the property could be just the lifestyle and profitable rural business opportunity you are looking for...worth inspecting to understand the potential of a farming lifestyle on the paradise of Flinders Island.

Property History for 684 Palana Rd, Whitemark, TAS 7255

A timeline of how this property has performed in the market
Last Sold
$1,500,000
17 Dec 2019
  • 17 Dec 2019
    Sold for $1,500,000
  • 08 Mar 2018
    Listed for Sale $1,500,000

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About Whitemark 7255

The size of Whitemark is approximately 105.5 square kilometres. It has 5 parks covering nearly 45.6% of total area. The population of Whitemark in 2011 was 447 people. By 2016 the population was 286 showing a population decline of 36.0% in the area during that time. The predominant age group in Whitemark is 60-69 years. Households in Whitemark are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Whitemark work in a trades occupation. In 2011, 71.5% of the homes in Whitemark were owner-occupied compared with 60.4% in 2016.

Whitemark has 306 properties. Over the last 5 years, Houses in Whitemark have seen a 49.27% increase in median value. As at 31 October 2024:

  • The median value for Houses in Whitemark is $391,046 while the median value for Units is $1,665,539.
There are currently 3 properties listed for sale, and no properties listed for rent in Whitemark on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Whitemark.

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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.