Richmond at a glance
1,669
People
$910,000
Median sale
$594/wk
Median rent
3.39%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
$800,000
Last sold
15 Mar 2021
1
Bedrooms
1
Bathrooms
6
Car spaces
4,047 m²
Land
61 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
$800,000
15 Mar 2021 · derived via latest_sale
Local land rate: recorded House sales in Richmond (last 5 years) with land size have a median of $888/m² of land (n=29). Districts calculation from recorded sales — not a valuation.
Richmond at a glance
1,669
People
$910,000
Median sale
$594/wk
Median rent
3.39%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Richmond
-12.1%
Median sale
Suburb $910,000
+0.47 pp
Gross yield
Suburb 3.39%
Suburb median $910,000 from 7 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 $594/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
Richmond at a glance
1,669
People
$910,000
Median sale
$594/wk
Median rent
3.39%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Signature New TownNumber 11 Edward Street is an absolute gem of a property...the quintessential sandstone property Tasmania is so famous for and visitors covet. The allotment is expansive at 4047sqm, the topography gently undulating with a mini orchard and a small productive vineyard of mixed grapes for home use. Worthy of note are the heritage approved plans for an extension at the rear parallel to Bathurst Street.
Circa 1830, The Dispensary is a single storey cottage, very quaint and constructed of a sandstone skillion at the rear with the front facade of ashlar stone.
Needless to say, the building is of significance not only for its setting in a historic streetscape but also represents a lovely example of this architectural style.
The interiors are charming with a delightful ambient soft light, fine details of the era include multi paned timber windows and doors. Wonderful high ceilings for the living bedroom akin to a studio space with a full sized bathroom and separate kitchen and dining space at the rear which opens to a lovely terrace overlooking a mature garden.
Fruit trees include Quinces, Apples, Elderberries and a magnificent Mulberry and pear tree. A Viburnum Tinus hedge borders the side boundary and driveway access from Bathurst Street. There are also some rare ornamentals, notably Corylus Avellana Contorta one of the witch hazel family.
The position is just superb! Elevated with uninterrupted views which cannot be built out to the Coal River on the corner of Edward and Bathurst Streets. The property was once used for tourist accommodation with a 4 star rating at the time and was incredibly sought after being situated right in the heart of village, so just moments from the iconic strip of cafes and boutique shopping for collectables all enjoying the now world famous historic Bridge Street location and streetscape.
Easy commuting and equal distance to both the city fringe and Hobart Airport.
This property is such a rarity , being offered to the open market for the first time in over 40 years.
Grasp this opportunity to secure something really special with enormous opportunity to add further value.
Expressions of interest close March 23 rd 2021at 2pm
The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
All timeframes and dimensions are approximates only.
Listing description written by Lynne Page, Harcourts Signature New Town — reproduced as published, not verified by Districts.