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Hatfield is named after the ancestral home of the Marquess of Salisbury. It was first settled by Robert Snodgrass and David Mitchell, two transport riders who made a lot of money selling whisky to the settlers in 1891, the partnership broke up shortly after another property, a sub-division of the farm Willowvale, which was given the name of Ardbennie, had been acquired.

William Webb was granted title to Prospect in 1984 although a little is known of his activities.