Margate at a glance
4,358
People
$855,000
Median sale
$570/wk
Median rent
3.47%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
TAS › Margate › Wandanea Pl
$641,000
Last sold
26 May 2021
3
Bedrooms
1
Bathrooms
3
Car spaces
672 m²
Land
195 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
$641,000
26 May 2021 · derived via latest_sale
Local land rate: recorded House sales in Margate (last 5 years) with land size have a median of $834/m² of land (n=78). Districts calculation from recorded sales — not a valuation.
Margate at a glance
4,358
People
$855,000
Median sale
$570/wk
Median rent
3.47%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Vs Margate
-25.0%
Median sale
Suburb $855,000
+1.15 pp
Gross yield
Suburb 3.47%
Suburb median $855,000 from 25 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 $570/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
Margate at a glance
4,358
People
$855,000
Median sale
$570/wk
Median rent
3.47%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by View Real Estate HobartA comfortable 20 minute drive from Hobart CBD, this three bedroom, two storey home ticks all the boxes. You enter this home through the entry foyer into a double story atrium where space and light abound. The formal lounge / entertainment room gives direct access to the open plan living area which offers fantastic views across North West Bay and beyond to Mt Wellington. These versatile spaces can be configured to suit the discerning family’s needs and also provide access to a covered patio area which is ideal for that indoor/outdoor feel. This floor also includes the family bathroom (separate shower and bath) with separate toilet, large laundry and an additional workshop area that could be used as an artist’s studio or space for the hobbyist.
The atrium stairs take you to the second floor where the bedrooms are situated. Three good sized bedrooms, two with built in robes and the third offering a spacious and private deck from which to relax and enjoy the view, watch the sunrise or simply read a good book. A second toilet is also located on this floor.
Offering plenty of natural light throughout, low maintenance quality flooring and neutral colour pallet, this home suits its natural surrounds.
The carport is integrated into the home, granting covered access.
Family friendly Margate offers a variety of shopping including a large IGA, bakery and many other boutique businesses and a delightful waterfront with walking tracks and play areas for children. A few minutes drive and you’re are at Kingston Shopping precinct with major supermarkets and all services.
We have obtained all information in this document from sources we believe to be reliable however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Listing description written by Adrian Kelly, View Real Estate Hobart — reproduced as published, not verified by Districts.