Richmond at a glance
1,669
People
$910,000
Median sale
$594/wk
Median rent
3.39%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
TAS › Richmond › Prossers Rd
$3,500,000
Last sold
6 Dec 2021
3
Bedrooms
1
Bathrooms
1
Car spaces
3,178,000 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
Last sold
$3,500,000
6 Dec 2021 · derived via latest_sale
Local land rate: recorded House sales in Richmond (last 5 years) with land size have a median of $911/m² of land (n=28). Districts calculation from recorded sales — not a valuation.
Richmond at a glance
1,669
People
$910,000
Median sale
$594/wk
Median rent
3.39%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Richmond
+284.6%
Median sale
Suburb $910,000
-2.51 pp
Gross yield
Suburb 3.39%
Suburb median $910,000 from 7 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 is recorded. Suburb median rent $594/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
1 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
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
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
Richmond at a glance
1,669
People
$910,000
Median sale
$594/wk
Median rent
3.39%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Northern Suburbs440 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.
Listing description written by Damien Hollingsworth, Harcourts Northern Suburbs — reproduced as published, not verified by Districts.