Invermay at a glance
3,463
People
$535,000
Median sale
$510/wk
Median rent
4.96%
Suburb gross yield
Median sale from 46 recorded sales (last 12 months) — a Districts calculation.
TAS › Invermay › Little Ray St
$465,000
Last sold
28 July 2025
2
Bedrooms
1
Bathrooms
4
Car spaces
306 m²
Land
84 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
$465,000
28 July 2025 · derived via latest_sale
Local land rate: recorded House sales in Invermay (last 5 years) with land size have a median of $1,068/m² of land (n=134). Districts calculation from recorded sales — not a valuation.
Invermay at a glance
3,463
People
$535,000
Median sale
$510/wk
Median rent
4.96%
Suburb gross yield
Median sale from 46 recorded sales (last 12 months) — a Districts calculation.
Vs Invermay
-13.1%
Median sale
Suburb $535,000
+0.74 pp
Gross yield
Suburb 4.96%
Suburb median $535,000 from 46 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 $510/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
Invermay at a glance
3,463
People
$535,000
Median sale
$510/wk
Median rent
4.96%
Suburb gross yield
Median sale from 46 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Sims for PropertyTucked away behind a curtain of graceful silver birch trees, this charming cottage at 2 Little Ray Street offers an exceptional opportunity to own a proven, successful Airbnb property or secure a peaceful city-fringe home. Quiet, comfortable, and brimming with character, this inviting retreat is perfect for investors, home buyers, or anyone seeking a stylish, fully furnished base in one of Launceston's most walkable and accessible suburbs.
Set up and running as a high-performing Airbnb, this little gem is ideal for short or long-term stays, first home buyers, singles and couples. With two bedrooms-one with a queen bed, the other with a flexible king that converts to two long singles-it comfortably sleeps up to four people.
The functional kitchen makes home-cooked meals easy, while the open-plan living space invites relaxation. The combined bathroom/laundry includes all essentials, with a washing machine, dryer, ironing facilities, and towels provided.
Outdoors, generous off-street parking and low-maintenance landscaping make this property as practical as it is picturesque. With a large storage area and versatile workshop space, perfect for tradies, hobbyists, or anyone needing extra room for tools, projects, or creative pursuits.
Whether you're enjoying the courtyard under dappled light or wandering to one of the many nearby attractions, this home offers peace and position in equal measure.
A top location, all within walking distance:
• UTAS Stadium & Inveresk Campus - 4 min
• IGA Supermarket & Local Takeaways - 3-4 min
• Seaport, City Park, Launceston CBD - 15 min
• Inveresk Museum & Art Gallery - 8 min
• Heritage Forest parkland - 12 min
• Cataract Gorge - 30 min
• Harvest Market (Saturdays) - Easy flat walk
• Blue Café & Meh Wah Restaurant - 8 min
At a glance:
• Successful Airbnb with strong guest appeal, currently generating approximately $30,000 annually
• Fully furnished, ready to continue hosting or move in;
• Two bedrooms, one bathroom, plus laundry;
• Generous off-street parking, private and peaceful setting;
• Walking distance to major attractions, shops, cafes, and more;
• Ideally positioned just a short stroll from the University of Tasmania and the vibrant Inveresk precinct, home to acclaimed cultural institutions, cafes, and educational facilities-offering both lifestyle and convenience at your doorstep;
• Ideal for investors, students, business travellers or anyone seeking a calm, central base.
Year Built: 1900
House Size: 84sqm
Land Size: 306sqm
Council Rates: $1,576pa approx
Water Rates: $1,100pa approx
Municipality: General Residential
School Catchments: Invermay Primary School
Zoning: General Residential
Sims for Property has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.
Listing description written by Georgie Roberts, Sims for Property — reproduced as published, not verified by Districts.