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Freshwater Point on the Tamar sells to high-end buyer

A historic northern Tasmanian property has been sold as the State’s high-end property market attracts a lot of interest from interstate and international buyers. DETAILS >>

Data increasingly showing it is cheaper to pay off a mortgage than rent

HISTORIC Tamar estate Freshwater Point has been sold for an undisclosed sum to an interstate buyer who intends to move into the impressive Georgian property.

When it went on the market in December last year, the property was tipped to break the record for northern Tasmania’s highest residential property price — $3.5m paid for Calstock, a prominent Georgian property in Deloraine, in 2018.

Another grand property, Glenfruin, in Brisbane St, Launceston, sold for $3.25m in 2018 and is back on the market for $3.5m with Parry Property.

Knight Frank Partner Residential Sam Woolcock said the property was sold by an Expressions of Interest campaign and its sale would strengthen and boost confidence to Tasmania’s high-end property market.

“High-net-wealth families are now looking to buy and relocate to Tasmania on a permanent and semi-permanent basis,” Mr Woolcock said.

“This in turn strengthens all levels of the residential market in Northern Tasmania and across the State.”

He said Freshwater Point had attracted extensive national and international interest.

“The successful purchaser is a private family based in NSW who intend to live on the property. The price and terms of the sale remain confidential.”

It was built in the 1880s and sits on 1400 sqm of land overlooking Launceston’s City Park.

Freshwater Point was originally built around 1824 by Jonathan Griffiths - one of Tasmania most successful colonists Jonathan Griffiths built Freshwater Point Homestead.

Griffiths had been only 15 years old when he was convicted of grand larceny and transported to Australia and was reputed to be the richest man in Tasmania when he died a pardoned man in 1839.

DECEMBER:

A STUNNING historic estate on the Tamar Estuary has just hit the market and is tipped to break the record for Northern Tasmania’s highest residential property price.

The sale of Freshwater Point is hotly tipped to beat the previous record of $3.5 million – paid for Calstock – a prominent Georgian property in Deloraine – in 2018.

Another grand property, Glenfruin, in Brisbane St Launceston, sold for $3.25 million in 2018 and is back on the market for $3.5 million.

Knight Frank Partner Sam Woolcock said Freshwater Point is an estate of significant provenance and Tasmanian history.
Knight Frank Partner Sam Woolcock said Freshwater Point is an estate of significant provenance and Tasmanian history.
An historic estate on the Tamar Ð Freshwater Point - is tipped to post Northern TasmaniaÕs highest residential property price. Knight Frank Partner Sam Woolcock said Freshwater Point is an estate of significant provenance and Tasmanian history.
An historic estate on the Tamar Ð Freshwater Point - is tipped to post Northern TasmaniaÕs highest residential property price. Knight Frank Partner Sam Woolcock said Freshwater Point is an estate of significant provenance and Tasmanian history.
An historic estate on the Tamar Ð Freshwater Point - is tipped to post Northern TasmaniaÕs highest residential property price. Knight Frank Partner Sam Woolcock said Freshwater Point is an estate of significant provenance and Tasmanian history.
An historic estate on the Tamar Ð Freshwater Point - is tipped to post Northern TasmaniaÕs highest residential property price. Knight Frank Partner Sam Woolcock said Freshwater Point is an estate of significant provenance and Tasmanian history.

But the high-end properties for sale in Tasmania’s North pale in comparison to the eye-watering $6.5 million paid for the century-old Sentosa in Sandy Bay in 2017.

Knight Frank Partner Sam Woolcock said Freshwater Point held significant provenance and Tasmanian history and properties of such quality and extent rarely came onto the Australian market.

It comes complete with a cellar and vineyard, a 30m jetty and a deepwater mooring.

“Freshwater Point was originally built around 1824 by Jonathan Griffiths on land first named by Matthew Flinders,” Mr Woolcock said.

“It boasts extensive Tamar Estuary frontage and country tranquillity for the prospective purchaser – only 15 minutes from central Launceston.”

An historic estate on the Tamar Ð Freshwater Point - is tipped to post Northern TasmaniaÕs highest residential property price. Knight Frank Partner Sam Woolcock said Freshwater Point is an estate of significant provenance and Tasmanian history.
An historic estate on the Tamar Ð Freshwater Point - is tipped to post Northern TasmaniaÕs highest residential property price. Knight Frank Partner Sam Woolcock said Freshwater Point is an estate of significant provenance and Tasmanian history.
An historic estate on the Tamar – Freshwater Point - is tipped to post Northern Tasmania’s highest residential property price. Knight Frank Partner Sam Woolcock said Freshwater Point is an estate of significant provenance and Tasmanian history.
An historic estate on the Tamar – Freshwater Point - is tipped to post Northern Tasmania’s highest residential property price. Knight Frank Partner Sam Woolcock said Freshwater Point is an estate of significant provenance and Tasmanian history.

The estate last sold in 2013 and it has been restored by the current owners.

The convict-built residence has stunning views of the estuary and is surrounded by spectacular gardens

The main property has four bedrooms and two bathrooms while there is one of each in “The Folly” an award-winning, Georgian-inspired dual level apartment.

“With views over the grounds to the Tamar, three self-contained cottages and extensive out buildings and storage contribute character and convenience in equal measure,” Mr Woolcock said.

“The property invites entertaining with terrace expanses and the solar heated saltwater pool.”

For more information visit the property’s website.

helen.kempton@news.com.au

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Original URL: https://www.themercury.com.au/news/thelauncestonnews/freshwater-point-on-the-tamar-is-on-the-market-and-expected-to-fetch-over-35-million/news-story/50e6409e5adab282755c94a21b230384