Park Grove at a glance
2,733
People
$697,500
Median sale
$418/wk
Median rent
3.12%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
TAS › Park Grove › West Park Grove
$400,000
Last sold
7 Nov 2024
3
Bedrooms
1
Bathrooms
1
Car spaces
567 m²
Land
145 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$400,000
7 Nov 2024 · derived via latest_sale
Local land rate: recorded House sales in Park Grove (last 5 years) with land size have a median of $754/m² of land (n=81). Districts calculation from recorded sales — not a valuation.
Park Grove at a glance
2,733
People
$697,500
Median sale
$418/wk
Median rent
3.12%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
Vs Park Grove
-42.7%
Median sale
Suburb $697,500
+2.31 pp
Gross yield
Suburb 3.12%
Suburb median $697,500 from 20 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 $418/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
Park Grove at a glance
2,733
People
$697,500
Median sale
$418/wk
Median rent
3.12%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Real Estate BurnieOnce upon a time, in the highly sought-after land of Park Grove, there stood a modest house-a bit of an Ugly Duckling, you might say. But as every fairy tale lover knows, the most unassuming beginnings often lead to the grandest of transformations.
Opportunities like this are as rare as finding a golden goose, so don't miss your chance to step into this magical neighbourhood at a price that's straight out of a dream. If you've ever wanted to call Park Grove home, this is your moment.
Inside, this humble abode has two living areas-one where you can cozy up by the wood heater on those chilly evenings, and another kept at the perfect temperature thanks to a reverse cycle heat pump. Three good-sized bedrooms with built-ins are ready for you to move in, offering plenty of space for your princely (or princessly!) needs.
Now, let's be honest-the galley kitchen, tucked just off the living area, might not exactly be Cinderella's ball gown just yet. But with a little wave of your magic wand (or a trip to the hardware store), it could become a showstopper in no time. And who knows? You might even find yourself cooking up feasts fit for a king!
And then there's the low-maintenance yard, perfect for those who'd rather be out having adventures than pruning bushes all day. But should you wish to transform it into an enchanted garden or an outdoor entertaining area worthy of royal banquets, the potential is there. Imagine summer barbecues with your happily-ever-after crew or a fairy-lit outdoor space for magical evenings under the stars.
The bathroom, with its separate shower and bath, provides plenty of space for a palatial bathroom reno (although it's perfectly usable as it is). Outside, a trusty carport stands guard over your carriage (or maybe just your car).
For first home buyers, renovators, or those with a vision, this is your chance to take this charming Ugly Duckling and help it grow into a swan. With a little imagination, you could create the home of your dreams-no fairy godmother required! And with the pot of gold that comes from instant equity through a renovation, you might just find yourself living happily-and lucratively-ever after.
But remember, in every good fairy tale, the clock is ticking. Opportunities like this won't last long, so be quick before someone else steals your happily ever after!
DISCLAIMER: While Elders Real Estate Burnie has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Listing description written by Jo Walker, Elders Real Estate Burnie — reproduced as published, not verified by Districts.
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