Preston at a glance
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Median sale
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Median rent
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Suburb gross yield
TAS › Preston › Preston Rd
$995,000
For sale
Asking
4
Bedrooms
2
Bathrooms
8
Car spaces
207,300 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$995,000
Asking · $5/m² of land
No recorded sale for this property.
Preston at a glance
No data
Median sale
No data
Median rent
No data
Suburb gross yield
$43,917 on top of the price (4.4% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Tasmania schedules from 2026-07-01. Ongoing council rates and land tax are not included.
No rent is recorded for this listing. Enter a weekly rent to model yield.
Enter a purchase price and weekly rent to calculate yield.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
0 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
UnknownNo advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Preston at a glance
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Median sale
No data
Median rent
No data
Suburb gross yield
Listing material
Listed by Harcourts Ulverstone & Penguin51 Acres of Opportunity - A Lifestyle, A Legacy, A Future
Some properties are bought for what they are. Others are bought for what they could become.
Nestled on the southern side of the iconic Barron Hill, just 15 minutes from the heart of Ulverstone, this tightly held 51-acre family farm is one of those rare opportunities that caters to almost every buyer imaginable. Whether you're searching for a lifestyle escape, a productive hobby farm, a market garden, extra grazing land, a first step into agriculture, or a place to downsize without giving up the land you love, this remarkable property offers a blank canvas limited only by your imagination.
Lovingly cared for by the same family for decades, this is more than a farm-it's a legacy. A
property that has proudly evolved through generations, supporting everything from potato production and cattle grazing to dairy operations in its earlier years. Today, it stands ready for its next chapter.
For those wanting to hit the ground running, the property can even be offered as a walk-in, walk-out opportunity, complete with an extensive range of farm machinery including a tractor, bale spike, Soft Hands attachment, slasher, ride-on mower, silage trailer and box trailer.
From the moment you enter the property, it's evident the infrastructure has been meticulously maintained. Immaculate fencing surrounds the entire holding, while an extensive network of cyclone gates and well-designed laneways provides exceptional access across all 51 acres. Stock movement is effortless, with quality stockyards positioned near the lower entrance, allowing farm operations to function independently from the home's main access.
Water security is often the backbone of any successful farming enterprise-and here, you'll have peace of mind with an abundant spring-fed dam supplying the property year-round.
Multiple irrigated troughs are strategically positioned throughout the paddocks, making livestock rotation simple and efficient.
The rich red basalt soils are renowned throughout the region for their fertility, making this property equally suited to grazing livestock, growing fodder, establishing a thriving market garden or pursuing countless other agricultural ventures.
Supporting the farming operation is a dedicated pump shed serviced by its own separate power meter, a former dairy still connected with power and water, and a substantial open-faced machinery barn complete with a lockable sliding roller door to securely house equipment and machinery.
Built in 1990 with family living firmly in mind, the residence is warm, spacious and exceptionally practical.
At its centre sits the beautifully renovated kitchen-a space where family naturally gathers.
Featuring elegant waterfall stone benchtops, a breakfast bar, wall oven, four-burner cooktop, rangehood, dishwasher and a generous walk-in pantry, it's perfectly equipped for everything from busy family breakfasts to entertaining after a long day outdoors.
The home offers four generous bedrooms, each complete with built-in wardrobes, while the master suite enjoys the added comfort of its own private ensuite.
Designed for everyday family life, the main bathroom features an easy-access shower, separate bathtub and the convenience of a separate toilet nearby.
Comfort is assured throughout every season with two reverse-cycle air conditioners, a cosy wood heater and additional electric heating options.
Adding even more flexibility, the internal-access single garage could easily transform into a second living area, teenage retreat, home office or continue serving as secure vehicle accommodation.
Step outside and you'll quickly appreciate the years of love invested into the gardens.
Established trees, colourful garden beds and tranquil water features create a peaceful sanctuary that perfectly complements the surrounding rural landscape-a beautiful reminder of everything that makes Tasmania's North West Coast such a special place to call home.
Properties like this are becoming increasingly difficult to find.
A genuine working farm.
A peaceful lifestyle retreat.
A family home.
An investment in your future.
Whether your dream involves running cattle, grazing sheep, growing produce, expanding an existing operation or simply giving your family room to breathe and enjoy country living, this exceptional Barron Hill property delivers an opportunity that rarely presents itself.
Disclaimer:
While Harcourts Ulverstone & Penguin has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Listing description written by Jakub Lehman, Harcourts Ulverstone & Penguin — reproduced as published, not verified by Districts.