Sorell at a glance
4,383
People
$727,500
Median sale
$594/wk
Median rent
4.25%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
TAS › Sorell › Pennington Dr
$770,000
Last sold
6 Nov 2024
4
Bedrooms
2
Bathrooms
6
Car spaces
747 m²
Land
179 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
$770,000
6 Nov 2024 · derived via latest_sale
Local land rate: recorded House sales in Sorell (last 5 years) with land size have a median of $959/m² of land (n=86). Districts calculation from recorded sales — not a valuation.
Sorell at a glance
4,383
People
$727,500
Median sale
$594/wk
Median rent
4.25%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Vs Sorell
+5.8%
Median sale
Suburb $727,500
-0.24 pp
Gross yield
Suburb 4.25%
Suburb median $727,500 from 36 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
Sorell at a glance
4,383
People
$727,500
Median sale
$594/wk
Median rent
4.25%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts HobartA home built by an owner has an additional level of thought found throughout a property, 117 Pennington Drive is no exception.
Warmth and comfort are exuded in the winter months, from thoughtfully integrated double-glazed windows and complete insulation in the walls, floor and ceiling. Neatly presented with modern touches and a desirable floor plan ensure delight to all who inspect this pleasant property.
The home has a large living space, an aspect that has become more attractive on the market. The open-plan living area is shared with the modern kitchen, adjacent, is a separate dining room. The sitting/dining room provides direct access to a large covered deck. Perfect for cozy coffee mornings and hosting sizzling summer BBQs.
A northerly aspect at the front of the property is capitalised on by way of a well-placed deck. Offering spectacular sun and views across the lush green landscapes that Sorell is famous for.
In a traditional sense, the home was built with three bedrooms and a large master suite, inclusive of a luxurious walk-in-robe, an ensuite, and a second living area. However, when the property was built, care was taken in the floor plan, and the option to reconfigure the sitting/dining room to become an office, guest suite, rumpus room, media room or additional bedroom is easily possible.
The large garage can double as a conveniently located workshop, and the well-sized (5m across) driveway allows multiple vehicles to be parked.
The bustling township of Sorell is complete with all necessary and lifestyle amenities, located a mere 30 minutes commute to Hobart and on the edge of Southern Tasmania's wine trail.
Contact Ian 'Sos' Mills for further information.
Disclaimer: Every effort has been made to ensure the accuracy of the information contained here in. While there is no reason to doubt it's accuracy, guarantee can not be assured. The content is intended as advice and such as can not be taken as absolute fact. Accordingly all interested parties should make their own enquiries to verify this information.
Listing description written by Ian 'Sos' Mills, Harcourts Hobart — reproduced as published, not verified by Districts.