Midway Point at a glance
3,547
People
$745,000
Median sale
$594/wk
Median rent
4.15%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
TAS › Midway Point › Second Ave
$470,000
Last sold
5 Sept 2023
3
Bedrooms
1
Bathrooms
6
Car spaces
112 m²
Land
635 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
$470,000
5 Sept 2023 · derived via latest_sale
Local land rate: recorded House sales in Midway Point (last 5 years) with land size have a median of $991/m² of land (n=132). Districts calculation from recorded sales — not a valuation.
Midway Point at a glance
3,547
People
$745,000
Median sale
$594/wk
Median rent
4.15%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Vs Midway Point
-36.9%
Median sale
Suburb $745,000
+2.42 pp
Gross yield
Suburb 4.15%
Suburb median $745,000 from 34 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
UnknownArea
Midway Point at a glance
3,547
People
$745,000
Median sale
$594/wk
Median rent
4.15%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Petrusma Property Sandy BayIgniting wonder upon arrival, this 1950's weatherboard home boasts features of a bygone era. Presenting three + bedrooms, separate living and kitchen, large sheds and low maintenance grounds, 16 Second Avenue is now ready to welcome new owners to create everlasting memories as it has done in years gone by.
Facing water views; take entry of the home via the living area. Featuring an Odyssey wall heater, NBN and a pathway through to the large kitchen and dining zone.
Fitted with a freestanding stove and sink, the kitchen has exciting scope to become a chef's delight. With three bedrooms, the master has its own Fujitsu heat pump. The family bathroom comprises of an updated shower, vanity and separate toilet.
There is an open study area central to the bedrooms and the bonus of a potential fourth bedroom/second living with access to a courtyard.
Under cover, the courtyard leads to the (secure) outdoor laundry and is the perfect spot for Christmas lunches and Birthday celebrations.
The land is a comfortable 635sqm and is completely low maintenance with a concreted drive and parking area. There is a small garden with established garden beds to love and nurture.
There is a 5x3m shed with power plus a second larger workshop also with power, and a single carport in-between.
Additional notable features of this home are its upgraded meter box, security cameras and security windows.
Centrally located to the Hobart Airport, Cambridge Homemaker Centre, The Tasmanian Golf Club and high growth area of the Sorell Municipality with its wealth of services and conveniences. Midway Point is a popular commuter town for people working in Hobart being approximately 21km from the CBD and gets its name from being the mid-way point of the Sorell Causeway.
Rental Appraisal: $450 - $490 P/W
Council Rates: $1,800 P/A
• 1950's weatherboard home facing water views
• Living area with Odyssey wall heater
• Large kitchen and dining zone with exciting scope to develop
• Three bedrooms, master with air conditioning
• Bonus potential fourth bedroom with access to courtyard
• Bathroom with updated shower, vanity and separate toilet
• Large workshop with power, single carport
• 635sqm of completely low maintenance land
Listing description written by Stuart Webb, Petrusma Property Sandy Bay — reproduced as published, not verified by Districts.
Nearby 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.