Riverside at a glance
7,693
People
$711,000
Median sale
$546/wk
Median rent
3.99%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
$650,000
Last sold
31 Jan 2025
3
Bedrooms
1
Bathrooms
5
Car spaces
698 m²
Land
214 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
$650,000
31 Jan 2025 · derived via latest_sale
Local land rate: recorded House sales in Riverside (last 5 years) with land size have a median of $796/m² of land (n=106). Districts calculation from recorded sales — not a valuation.
Riverside at a glance
7,693
People
$711,000
Median sale
$546/wk
Median rent
3.99%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
Vs Riverside
-8.6%
Median sale
Suburb $711,000
+0.38 pp
Gross yield
Suburb 3.99%
Suburb median $711,000 from 66 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 $546/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
Riverside at a glance
7,693
People
$711,000
Median sale
$546/wk
Median rent
3.99%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts LauncestonThis modern three-bedroom home is a true blend of style and practicality. With its open-plan kitchen featuring timber benchtops and breathtaking views, sunlit living areas and a fabulous indoor/outdoor room perfect for all seasons, this property ticks every box. Enjoy spacious bedrooms with built-in wardrobes, a gorgeous master suite with water views and a main bathroom showcasing a claw-foot bath.
The lower level provides a versatile space for work or play, while reverse cycle air conditioning, wood heating and polished Tas Oak flooring ensure year-round comfort. Surrounded by beautiful gardens and located just minutes from schools, shops and Launceston's CBD, this home offers unmatched convenience and charm.
Key Features:
• Fully renovated, low maintenance three-bedroom home with plenty of extra living spaces
• Stunning Tamar River and city views to the hills beyond
• Undercover & fully enclosed indoor/outdoor room - perfect for relaxing with family/entertaining in any weather
• Open plan modern kitchen offers a dishwasher, timber benchtops and a stunning outlook
• Living area is sunny and light and enjoys those fabulous views
• Three double bedrooms - Two with built in wardrobes
• Master bedroom features walk through wardrobes & water views
• Spacious main bathroom features a claw foot bath, separate shower & floating vanity
• Lower level offers a large rumpus room/studio/home gym plus a powder room (toilet & basin)
• Convenience of reverse cycle air conditioning
• Cosiness of wood heating
• Polished Tas Oak flooring & neutral colours throughout
• Large laundry has plenty of bench and storage space
• Established front and back yards showcasing beautiful gardens (professionally designed Japanese front garden)
• Garden shed, greenhouse and water tank
• Fully fenced - perfect for kids and pets
• Remote controlled double garage, extra internal garage/workshop/storage and off-street parking
• Only 4 minutes' drive to the shops, supermarket and facilities at the Riverside Shopping Centre
• Close to private and public schools & community sporting facilities including pool, golf, tennis & bowls
• Only 9 minutes' drive to Launceston's CBD
Contact Jeremy Wilkinson for further information.
Current rental estimate: Up to $630 pw
House size: 172 sqm
Outdoor room: 42 sqm
Garage size: 56 sqm
Land size: 698 sqm
Built: 1965
Council rates: $2,071 pa
Zoning: General Residential
Council: West Tamar
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
Listing description written by Jeremy Wilkinson, Harcourts Launceston — reproduced as published, not verified by Districts.