A 247-hectare property which includes one of the oldest homesteads in the Kimberley has hit the market, and it could sell for less than the price of a typical Sydney home.
The Old Liveringa Homestead has been listed for sale by expression of interest, offering the chance to own an iconic slice of the Kimberley.
Located about 250km east of Broome and 110km from Derby, the homestead is one of the oldest buildings in the region.
Old Liveringa Homestead once formed part of a cattle station owned by Gina Rinehart. Picture: realestate.com.au/buy
It once formed part of Liveringa, a 365,000 hectare cattle station which was acquired by billionaire and mining magnate Gina Rinehart in 2015.
“When Gina Rinehart bought Liveringa Pastoral Company it was part of the sale,” said selling agent Greg Smith of Elders Real Estate - WA Rural & Metro. “They sold it about 10 years ago.”
The heritage-listed homestead is about 120 years old. Picture: realestate.com.au/buy
In addition to the homestead, the property includes a shearing shed, meat house, workers quarters, a machinery shed, stables and horse yards.
The property is zoned for tourism, allowing buyers to tap into the more than 400,000 visitors who flock to the Kimberley region each year.
The property offers an iconic slice of the Kimberley for cheaper than a house in a pricey capital city. Picture: realestate.com.au/buy
Mr Smith said potential ways to capitalise on tourism demand included converting the property, which is offered on a 50-year crown lease, into a caravan park or camping site, as well as other creative ventures.
“It would be an ideal place for a pastoral and Aboriginal artefacts museum,” he said.
“I had someone look at it who was going to put a golf course there.”
The site is zoned for tourism, with the potential to be opened up for accomodation. Picture: realestate.com.au/buy
The property offered a compelling proposition for city-dwellers looking to make a big change, Mr Smith said.
“You'd probably buy it for around a million dollars,” he said. “Someone that’s got a house in Sydney can sell their house, pay cash for it and live there.”
There are several substantial outbuildings on the property including a shearing shed and workshop. Picture: realestate.com.au/buy
He said the homestead was sturdy and had been upgraded with a new roof in recent years, but could use some TLC.
“It's a magnificent building, but it does need some money thrown at it to make it its best,” he said.
“It’s got mains power connected and good mobile phone reception.”
Freshwater crocodiles are known to inhabit the waterways adjoining the property. Picture: Supplied
Mr Smith warned that buyers may have to share the property with the local crocodile population.
“They’re mainly freshies, but never say never when it comes to salties in the Fitzroy Valley.”
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