New Town at a glance
6,802
People
$889,500
Median sale
$499/wk
Median rent
2.92%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
$2,000,000
Last sold
28 Aug 2024
5
Bedrooms
2
Bathrooms
2
Car spaces
1,107 m²
Land
361 m²
Building
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
$2,000,000
28 Aug 2024 · derived via latest_sale
Local land rate: recorded House sales in New Town (last 5 years) with land size have a median of $1,585/m² of land (n=71). Districts calculation from recorded sales — not a valuation.
New Town at a glance
6,802
People
$889,500
Median sale
$499/wk
Median rent
2.92%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Vs New Town
+124.8%
Median sale
Suburb $889,500
-1.62 pp
Gross yield
Suburb 2.92%
Suburb median $889,500 from 18 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 $499/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
New Town at a glance
6,802
People
$889,500
Median sale
$499/wk
Median rent
2.92%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Real Estate HobartDesigned by Tasmanian architect Wilhelm Rudolph Waldemar Koch as his family home in 1916, this property is an exquisite display of the era's architecture and design and sits amongst Koch's notable portfolio of works across the island, including alterations to the Theatre Royal, the University Engineering Building and the A.G Webster Building in Hobart. Positioned on a generous allotment of 1,107sqm and surrounded by other established properties in a quiet, sought after pocket of New Town, this lovingly maintained family home has had the same owners for 35 years.
Expansive living spaces across the entry level provide flexibility in the floorplan. A spacious formal lounge and dining room sit adjacent to the entry foyer, and at the back of the property light-filled and inviting open plan living forms the heart of the home. Here informal living and dining are accommodated alongside the well-equipped kitchen with quality stainless steel appliances. Magnificent Huon Pine joinery adds warmth to the interior, and the use of specialty Tasmanian timber in this space adds a bespoke element to the décor and design. French doors open onto the sunny courtyard and back garden to create seamless indoor/outdoor living.
The master suite with ensuite bathroom and walk in robe is also located on the entry level. Two further bedrooms are also on this floor, serviced by the central family bathroom with a luxuriously deep claw foot bath. A sunroom, laundry and storeroom complete the floorplan on this level. The original timber staircase to the upper storey reveals two dormer bedrooms and a further bedroom with a private balcony. A living room and powder room adds amenity.
Beautiful original features remain in situ throughout, with open fireplaces, timber accents, Jarrah floors, picture rails, window seating, ornate plasterwork and leadlight panels enhancing the ambience of the home. Recent upgrades to the wiring and plumbing, gas hot water and a combination of central gas heating downstairs and electric upstairs ensure modern amenity and year-round comfort.
Outside the home is framed by picturesque, landscaped grounds with many vantage points to sit and relax amongst the verdant surrounds. A garden studio with powder room is nearby to the pergola and patio and is suited to a range of purposes.
Within easy reach of excellent schools, childcare facilities, parks, Hill Street Grocer, Calvary Hospital and the many cafes, shops and amenities of Lenah Valley Village and New Town, in addition to the North Hobart strip, this property is well placed to offer vibrant urban living close to everything a family could want or need.
Impressive in every way, this is an exceptional opportunity to acquire a substantial holding in this coveted locale and become the next custodian of this historically important family home.
Listing description written by Abi Freeman, Elders Real Estate Hobart — reproduced as published, not verified by Districts.