Montrose at a glance
2,188
People
$700,000
Median sale
$577/wk
Median rent
4.29%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
TAS › Montrose › Montrose Rd
$520,000
For sale
Asking
$360,000
Last sold
16 July 2021
0
Bedrooms
0
Bathrooms
0
Car spaces
4,612 m²
Land
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
Asking
$520,000
Asking · $113/m² of land
Last recorded sale $360,000 (16 July 2021).
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Montrose at a glance
2,188
People
$700,000
Median sale
$577/wk
Median rent
4.29%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Montrose
-25.7%
Median sale
Suburb $700,000
+1.48 pp
Gross yield
Suburb 4.29%
Suburb median $700,000 from 15 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$23,055 on top of the price (4.4% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Tasmania schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Montrose's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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 $577/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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.
Gross yield if leased at the suburb aggregate is 5.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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
Montrose at a glance
2,188
People
$700,000
Median sale
$577/wk
Median rent
4.29%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Downton PropertyTucked into one of Montrose's most established residential pockets and sweeping across an expansive 4,612 square metres, this is a parcel of land that rewards the imagination. Elevated above the Derwent and framed by the soft contours of Kunanyi / Mt Wellington in the distance, the land captures the kind of outlook that defines Hobart's northern hillsides - wide, open and unmistakably Tasmanian.
The position is genuinely compelling. Just five minutes from Glenorchy's CBD, with shopping, dining, schools and the public bus route all within easy reach, this is a holding that balances the seclusion of an elevated bushland setting with the convenience of suburban infrastructure on the doorstep. All major services are readily accessible at the boundary, removing many of the early-stage hurdles that often complicate raw land acquisition.
For developers, the opportunity here is well-defined. Previously approved for subdivision into a minimum of four blocks, the site arrives with a meaningful head start - a clear feasibility framework already established and the heavy lifting of preliminary planning behind you. The generous land area and dual aspect lend themselves to a thoughtful subdivision layout, with each future allotment positioned to capture the elevated outlook and northerly light that make this part of Montrose so sought after.
Equally, for those drawn to the idea of building a single substantial residence, the canvas is extraordinary. A footprint of this scale within the greater Hobart region is increasingly uncommon and the natural slope of the land invites a considered architectural response - split-level living, terraced gardens, room for a workshop or studio, perhaps even a second dwelling (eg; granny or unit) subject to council approval. The native vegetation, mature gums and gentle gradient lend the site an immediate sense of character that's difficult to manufacture.
Whether the vision is a multi-lot subdivision delivering strong returns in a tightly held suburb, or a private family retreat with views that stretch to the river and beyond, 115 Montrose offers the rare combination of scale, position and groundwork already laid. Land of this calibre, in a location this connected, doesn't present itself often.
Thinking of Selling: Recognised as the Number 1 Agent in Australia on four occasions, with over 18 years of experience, Natalie is one of Tasmania's most accomplished and trusted real estate professionals. When it comes to selling your home, why settle for anyone else?
Let Natalie's expertise and proven results work for you.
Listing description written by Nat Downton, Downton Property — reproduced as published, not verified by Districts.