West Hobart at a glance
6,452
People
$1,055,000
Median sale
$553/wk
Median rent
2.73%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
TAS › West Hobart › Forest Rd
$1,107,000
Last sold
10 Oct 2022
3
Bedrooms
1
Bathrooms
2
Car spaces
1,072 m²
Land
102 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
$1,107,000
10 Oct 2022 · derived via latest_sale
Local land rate: recorded House sales in West Hobart (last 5 years) with land size have a median of $2,192/m² of land (n=103). Districts calculation from recorded sales — not a valuation.
West Hobart at a glance
6,452
People
$1,055,000
Median sale
$553/wk
Median rent
2.73%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Vs West Hobart
+4.9%
Median sale
Suburb $1,055,000
-0.13 pp
Gross yield
Suburb 2.73%
Suburb median $1,055,000 from 29 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 $553/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
West Hobart at a glance
6,452
People
$1,055,000
Median sale
$553/wk
Median rent
2.73%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harrison Agents HobartSituated on the crest of the hill in Forest Rd, West Hobart, this three bedroom brick home has wonderful views of Hobart's harbour with the hills of Sandy Bay and the Eastern Shore to the south, and the Tasman Bridge and Derwent River to the north. Set on 1072m2 of land, the property faces north-east and is bathed in sunshine throughout the day, with its qualities and potential for further expansion of the home being revealed as one progresses from the street to the back boundary.
Solidly built in 1968 with views from all the main rooms, the home has polished boards throughout, and comprises 3 bedrooms, a bathroom, plus a semi-open plan kitchen, living and dining spaces. This house sits at the street end of the block; beyond is the landscaped garden that is both functional and attractive. The land gently slopes away from the house and the current owners have maximised the sunny aspect by terracing and decking the area, creating relaxing outdoor spaces and easily accessed raised beds for growing both vegetables and ornamentals. A 23m2 storage shed with adjoining 11m2 workshop also enjoys the sunshine and views and with minor modifications could be converted into a stylish outdoor entertainment hub or with internal lining, provide further accommodation. At the far end of the block is the serious food production zone: a substantial hen house, raised vegie beds and a potting shed, plus multiple fruit trees ranging from apples, pears and plums, to apricots, cherries, peaches, nectarines, figs and olives.
Located in West Hobart, this property is less than 5 minutes' drive from both Hobart's CBD and the popular North Hobart shopping strip with its variety of cafés, restaurants, bars and cinemas. There are numerous public and private schools within a 2 km radius and a regular bus service approximately 5 minutes' walk down the road; whilst 150 metres up Forest Rd is the first of the beautiful bush-walking tracks of Knock Lofty. Not only is this a well-built and maintained property with wonderful views but there is definite potential for development, making it a most attractive proposition for the astute buyer looking for a sustainable, city lifestyle.
Highlights:
• North-east facing 1072m2 landscaped property bathed in all-day sunshine
• Stunning views from north of the Tasman Bridge to the hills of Sandy Bay
• Solid, well-maintained, brick home with scope for expansion
• Short drive from both the Hobart CBD and North Hobart shopping precinct
Listing description written by Nick Cowley, Harrison Agents Hobart — reproduced as published, not verified by Districts.