161 Myrtle Creek Road, Liffey TAS 7301

Original 1950 house | 8.35ha hobby farm | Bushfire overlay | Renovation scope | Reliable connectivity This property offers a rare, privately positioned rural holding with significant land area at a scale uncommon near urban centers, serving buyers seeking a lifestyle or hobby farm configuration. Its core strength is the usable mix of grazing land and sheltered pockets, supported by multiple outbuildings, which provides immediate utility for animals or projects. The largely original condition of the house presents a clear value opportunity for a buyer with renovation intent, positioning it below the cost of a fully updated equivalent. The bushfire overlay is a material risk requiring management costs and potentially impacting insurance. The estimated value range significantly above the listed price reflects the land premium and renovation potential, but realizing that hinges on capital investment. Acquire this for long-term hold as a lifestyle property, budgeting for necessary updates to the dwelling to secure capital improvement. The commercial logic is in the land value and the sweat equity available in the dwelling. A nearby comparable at 151 Myrtle Creek Road (5 bed, 14.96ha) has an estimated value of $726,000. This suggests the subject property’s 8.35ha offering is competitively positioned, with its lower asking price reflecting the smaller land parcel and the original condition of the improvements.