Mayfield at a glance
1,580
People
$468,000
Median sale
$448/wk
Median rent
4.98%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
$510,000
Last sold
29 Aug 2024
3
Bedrooms
2
Bathrooms
1
Car spaces
653 m²
Land
159 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
$510,000
29 Aug 2024 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Mayfield (last 5 years) with land size have a median of $553/m² of land (n=45). Districts calculation from recorded sales — not a valuation.
Mayfield at a glance
1,580
People
$468,000
Median sale
$448/wk
Median rent
4.98%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Vs Mayfield
+9.0%
Median sale
Suburb $468,000
-0.41 pp
Gross yield
Suburb 4.98%
Suburb median $468,000 from 6 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Launceston Local Provisions Schedule
Zone
Light Industrial
120.18
Jurisdiction
Launceston
Launceston, TAS
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
TASZoned Light Industrial · 120.18 (Launceston Local Provisions Schedule). Official parcel area about 652 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $448/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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Light Industrial · 120.18 (Launceston Local Provisions Schedule). Official parcel area about 652 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumOfficial parcel about 652 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Mayfield at a glance
1,580
People
$468,000
Median sale
$448/wk
Median rent
4.98%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Towns ShearingThe owners have put the hard yards' in to get this build to a stage where the finishing off work just needs to be done. If you are keen for an affordable start to property ownership, or looking for an investment opportunity, you can't go past this one!
Situated in Mayfield at the northern end of the suburb, the property is of modest size (14.8 sqm approx.) with a plan for three bedrooms, master with ensuite and walk in robe, large open plan lounge, kitchen & dining area facing east for the morning sun.
The home has been transported to the site in two sections and boasts impressive steel beam construction and large picture windows reminiscent of the popular 60's style. A single carport at the front under the roofline gives it stylish appeal from the street.
Colorbond external cladding has been mostly completed except for the rear wall (the home was designed for the final cladding to be brick). The roof is of cliplok' aluminium.
All plumbing is in place for the final fitout for bathrooms, kitchen and laundry. The flooring is mostly done but has some damage at the rear where the wall is unfinished.
Outside has been partly landscaped with low brick retaining walls at the rear and sides, gravel on paths and a short concrete driveway to the carport.
All plans and current permits are in place; all you have to do is make it happen'. You may even qualify for the Commonwealth HomeBuilder Grant ($25k - Substantial Renovation).
Listing description written by Christine Hansen-Coret, Elders Towns Shearing — reproduced as published, not verified by Districts.