Chigwell at a glance
2,264
People
$640,000
Median sale
$504/wk
Median rent
4.10%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
TAS › Chigwell › Corranga Dr
$451,600
Last sold
16 Sept 2024
3
Bedrooms
1
Bathrooms
5
Car spaces
794 m²
Land
95 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
$451,600
16 Sept 2024 · derived via latest_sale
Local land rate: recorded House sales in Chigwell (last 5 years) with land size have a median of $842/m² of land (n=51). Districts calculation from recorded sales — not a valuation.
Chigwell at a glance
2,264
People
$640,000
Median sale
$504/wk
Median rent
4.10%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Chigwell
-29.4%
Median sale
Suburb $640,000
+1.70 pp
Gross yield
Suburb 4.10%
Suburb median $640,000 from 15 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Glenorchy Local Provisions Schedule
Zone
General Residential
113.8
Jurisdiction
Glenorchy
Glenorchy, TAS
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
TASZoned General Residential · 113.8 (Glenorchy Local Provisions Schedule). Official parcel area about 795 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $504/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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned General Residential · 113.8 (Glenorchy Local Provisions Schedule). Official parcel area about 795 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumOfficial parcel about 795 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Chigwell at a glance
2,264
People
$640,000
Median sale
$504/wk
Median rent
4.10%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Petrusma Property Sandy BayWhat a great opportunity for the astute first home buyer, investor of developer with this very neat, well cared for home on a generous 794m2 alotment. There was a prior planning permit and approved plans for a second 3 bedroom/2 bathroom dwelling at the rear which could be re-visited also.
The home was repainted on the outside about a year ago and is currently tenanted to a long term tenant until Feb 2025, and there is a possibility to move in earlier for the owner occupier buyer. The
- 3 bedrooms + spacious lounge
- Build townhouse at rear (STCA)
- Entry level for 1st home buyer/strong return for investor
- Easy maintenance
- Full Fibre to the Premises (FTTP) for ultra fast internet available
With lots of walking and biking trails making this gem is ideal for first home buyers ($0 stamp duty up to $750,000), downsizers (stamp duty concessions may be available) and investors seeking long term growth with significant infrastructure projects committed too including the Macquarie Point multi-purpose stadium.
Get to know Chigwell
In a well-established area just 15 minutes' drive from central Hobart, you will be conveniently close to all the amenities at Claremont and Glenorchy, and the renowned MONA and MyState Arena just five minutes away. There are local schools and childcare options in the area, a bus service close by, as well as the Intercity Cycleway where you can ride straight to Hobart. Chigwell is becoming a growth hot spot with easy access to public transport & schools.
About Hobart:
With over $28 billion worth of infrastructure projects in the pipeline over the next decade in Tasmania, plus many other high value projects committed too including the Macquarie Point approx. $1b multi-purpose roofed stadium likely to be the highest value Tasmanian infrastructure project in history to date. The Hobart International airport terminal (currently seeing around 1.8m passengers per annum and this is forecast to almost double into the near furite) will also double in size and will feature a $130m runway upgrade allowing for international flights of larger aircraft including the 787 Dreamliner and Airbus A350. Hobart certainly remains a solid city to be investing in.
Tasmania is known for its pro-environmental stance, and in 2020 achieved 100% renewable energy status thanks to a combination of hydroelectricity, wind, and solar energy sources.
The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information. The vendor reserves the right to accept offers prior to the advertised open home times.
Listing description written by Tony Dion, Petrusma Property Sandy Bay — reproduced as published, not verified by Districts.