South Hobart at a glance
5,934
People
$865,000
Median sale
$545/wk
Median rent
3.28%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
TAS › South Hobart › Wellesley St
$871,000
Last sold
9 May 2023
3
Bedrooms
1
Bathrooms
2
Car spaces
692 m²
Land
104 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$871,000
9 May 2023 · derived via latest_sale
Local land rate: recorded House sales in South Hobart (last 5 years) with land size have a median of $1,435/m² of land (n=81). Districts calculation from recorded sales — not a valuation.
South Hobart at a glance
5,934
People
$865,000
Median sale
$545/wk
Median rent
3.28%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs South Hobart
+0.7%
Median sale
Suburb $865,000
-0.03 pp
Gross yield
Suburb 3.28%
Suburb median $865,000 from 15 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $545/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
South Hobart at a glance
5,934
People
$865,000
Median sale
$545/wk
Median rent
3.28%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Raine & Horne HobartOccupying a commanding position near the top of Davey Street this delightful 3-bedroom home offers spectacular views of the Hobart CBD, the River Derwent and beyond. Enjoying leafy surrounds and a small garden full of a variety of flora, this near level property offers an oasis to all occupants.
The home is a perfect unit alternative for those wishing to downsize, or for those with vision it is an opportunity to put your stamp on the property and take advantage of its location and sweeping views (STCA).
The living areas are sun-drenched and oriented to capture the views through large windows. A small veranda is located adjacent to the entry and has scope for extension (STCA), whilst the northern side of the garden offers a small peaceful sitting area.
There are two good sized bedrooms on the south-eastern side of the property and a third smaller bedroom on the western side which would be perfect as a sitting room in the afternoon if space allows. All bedrooms have built-in robes.
Although compact, the kitchen offers plenty of pantry space and a dishwasher. The bathroom, separate toilet and laundry are functional with outside access available through the laundry or third bedroom (to the carport).
Heating is provided by a reverse-cycle air-conditioner located in the living room with a small panel heater located in the main bedroom.
A practical, yet comfortable home that offers scope for refurbishment and/or development, and stunning views - this is a home that won't let you down!
Listing description written by Annisa Burns, Raine & Horne Hobart — reproduced as published, not verified by Districts.
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