240 Lachlan RoadLachlan TAS 7140
Property Details for 240 Lachlan Rd, Lachlan
Last Listing description (June 2020)
This picturesque property halfway between New Norfolk and the hamlet of Lachlan has much to offer. The property is subdivided into about 12 paddocks and about half the property is arable. Much of the property is excellent grass pastures suitable for hay production or fattening and all paddocks are well watered from permanent waterholes.Although traditionally used for hay production, breeding and fattening livestock, there is a 54 megalitre water right and a pipeline easement from the Lachlan River than would allow irrigation development for high intensity stocking or cash cropping.Centrally located on the property is a red gravel quarry that is operated by a local earth moving company that provides a return to the land holder of approximately $25,000 per year.It is difficult to find small holdings such as this that are profitable, fertile and productive, especially ones that aren't over capitalised. A great opportunity to secure a quality property in the ever-increasingly popular New Norfolk/Lachlan area.
Property History for 240 Lachlan Rd, Lachlan, TAS 7140
- 25 Jun 2020Listed for Sale Offers Over $750,000
- 24 Jul 2019Listed for Sale Not Disclosed
- 19 Jun 1998Sold for $324,000
About Lachlan 7140
The size of Lachlan is approximately 55.2 square kilometres. It has 1 park covering nearly 0.4% of total area. The population of Lachlan in 2016 was 841 people. By 2021 the population was 953 showing a population growth of 13.3% in the area during that time. The predominant age group in Lachlan is 50-59 years. Households in Lachlan are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lachlan work in a trades occupation.In 2021, 95.70% of the homes in Lachlan were owner-occupied compared with 90.60% in 2016.
Lachlan has 459 properties. Over the last 5 years, Houses in Lachlan have seen a 48.48% increase in median value. As at 31 December 2025:
- The median value for Houses in Lachlan is $589,588 while the median value for Units is $430,811.
Suburb Insights for Lachlan 7140
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