98 Settlement Road, Flowery Gully, TAS 7270 | Property Value & History | OnTheHouse
OFF MARKET

98 Settlement Road
Flowery Gully TAS 7270

Bedrooms: 5
Bathrooms: 3
Car spaces: 3
Floor area: 192m2
Land area: 119099m2
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Property Details for 98 Settlement Rd, Flowery Gully

Building Type
Rural
Year Built
1985
Floor Size
192m2
Land Size
119099m2
Local Government
West Tamar
Lot/Plan
1/150483

Last Listing description (March 2026)

Tucked away in a peaceful and private setting, this 11.9 hectare (approx. 29.4 acre) lifestyle property offers space, comfort and rural charm just 35 minutes from the Launceston CBD. The homestead sits on an elevated, central position, taking in sweeping views across the valley. Thoughtfully updated, the 2 storey, 5 bedroom, 3 bathroom residence features a modern kitchen and bathrooms, solar hot water, a wood heater and fully ducted heating and cooling. A practical layout and internal-access garage make day-to-day living easy, whether you're raising a family, running livestock, or simply embracing the quiet of country life.

Surrounding the home are mature gardens, established lawns and raised vegetable beds, enhancing the sense of tranquillity. The land is well fenced, including wallaby-proof boundaries and the pastures are partially improved with paddocks already set up for lateral irrigation. The property's water security is a standout feature rarely found on a block of this size, with a permanent creek, a large dam holding a 42ML water right and a reliable gravity-fed system supporting both irrigation and homestead needs. Strong infrastructure further elevates the property, including a shearing shed with excellent internal sheep yards, a workshop, tractor shed and 2 bay machinery shed - ideal for small-scale livestock or hobby farming with genuine production capacity. With abundant water and well-laid paddocks, feed security is a real advantage, allowing flexibility and confidence year-round.

Key Features:

11.9ha (approx. 29.4 acres) in a private, peaceful location
Elevated homestead with expansive rural views
Double storey, 5 bedroom, 3 bathroom updated residence
Modernised kitchen and bathrooms, solar hot water
Wood heater + fully ducted heat pump system
Internal-access garage under the home
Mature gardens, lawn areas and raised veggie beds
Well-fenced throughout, including wallaby fencing
Partially improved pastures set up for lateral irrigation
Exceptional water security; large dam with 42ML water right + permanent creek
Reliable, gravity-fed water system to paddocks and gardens
Large shearing shed with excellent internal sheep yards
Workshop, tractor shed and 2 bay machinery shed
Strong natural shelter and attractive rural outlooks
Approx. 35 minutes to Launceston CBD

For more information or to schedule an inspection, please contact Max Calvert.

Property History for 98 Settlement Rd, Flowery Gully, TAS 7270

A timeline of how this property has performed in the market
Last Sold
$1,100,000
14 Jun 2023
  • 18 Nov 2025
    Listed for Sale By Negotiation
  • 14 Jun 2023
    Sold for $1,100,000
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About Flowery Gully 7270

The size of Flowery Gully is approximately 28.0 square kilometres. There are 3 parks, covering nearly 9.3% of the total area. The population of Flowery Gully in 2016 was 87 people. By 2021 the population was 82 showing a population decline of 5.8% in the area during that time. The predominant age group in Flowery Gully is 60-69 years. Households in Flowery Gully are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Flowery Gully work in a managers occupation.In 2021, 87.10% of the homes in Flowery Gully were owner-occupied compared with 96.40% in 2016.

Flowery Gully has 49 properties. Over the last 5 years, Houses in Flowery Gully have seen a 63.39% increase in median value. As at 30 April 2026:

  • The median value for Houses in Flowery Gully is $712,695 while the median value for Units is $516,026.
There are currently no properties listed for sale, and no properties listed for rent in Flowery gully on OnTheHouse. According to Cotality's data, 1 property were sold in the past 12 months in Flowery gully.

Suburb Insights for Flowery Gully 7270

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.