Mowbray at a glance
4,146
People
$541,000
Median sale
$518/wk
Median rent
4.98%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
$675,000
Last sold
23 Oct 2025
4
Bedrooms
3
Bathrooms
1
Car spaces
675 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
Last sold
$675,000
23 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Mowbray (last 5 years) with land size have a median of $722/m² of land (n=109). Districts calculation from recorded sales — not a valuation.
Mowbray at a glance
4,146
People
$541,000
Median sale
$518/wk
Median rent
4.98%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Vs Mowbray
+24.8%
Median sale
Suburb $541,000
-0.99 pp
Gross yield
Suburb 4.98%
Suburb median $541,000 from 33 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 $518/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
Mowbray at a glance
4,146
People
$541,000
Median sale
$518/wk
Median rent
4.98%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harrison Agents Launceston"Olive House" is a beautifully preserved 1937 Art Deco–inspired Californian home that blends timeless character with modern comfort and thoughtful design. The double-level weatherboard home offers warmth, space, and flexibility, perfectly suited to family living or those seeking a home with guest accommodation potential.
The main level features three generous bedrooms and three bathrooms, two of which are ensuites, providing convenience for both family and guests. A separate formal living area is located at the front of the home, while the open-plan kitchen, dining, and second living space sit at the rear, opening directly onto the covered back deck – an ideal space for entertaining. The layout was designed to facilitate separate front and back living zones, and a successful BnB was previously operated from the property, making it an excellent opportunity for those considering a similar setup.
Upstairs, the fourth bedroom offers flexibility as a study or rumpus room. From this level, enjoy sweeping views over Launceston and the distant peaks of Ben Lomond.
Comfort is assured year-round with ducted app-controlled heating and cooling, offering individual room zoning and a fully insulated ceiling. The fireplace in the main lounge remains functional and can easily be reinstated, having only been sealed for use during BnB operation. Modern upgrades include a new Smeg gas cooktop with electric oven, a new high-volume gas hot water system, a smart front door, and a full home security system.
Outdoors, the property continues to impress with a single-car garage, large shed for storage, and a level, fully fenced, and well-maintained yard. Established fruit trees including apple, olive, grape, and cherry varieties, add to the charm and self-sufficiency of the home.
Situated close to excellent schools and less than eight minutes from the Launceston CBD, "Olive House" offers the perfect combination of period elegance, modern comfort, and location convenience.
Listing description written by Jarrah Burns, Harrison Agents Launceston — reproduced as published, not verified by Districts.