Margate at a glance
4,358
People
$860,500
Median sale
$570/wk
Median rent
3.44%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
TAS › Margate › Nierinna Rd
$1,575,000
Last sold
23 Feb 2026
4
Bedrooms
2
Bathrooms
6
Car spaces
31,100 m²
Land
270 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
$1,575,000
23 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Margate (last 5 years) with land size have a median of $838/m² of land (n=77). Districts calculation from recorded sales — not a valuation.
Margate at a glance
4,358
People
$860,500
Median sale
$570/wk
Median rent
3.44%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Vs Margate
+83.0%
Median sale
Suburb $860,500
-1.56 pp
Gross yield
Suburb 3.44%
Suburb median $860,500 from 24 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Kingborough Interim Planning Scheme 2015
Zone
13.0 Rural Living
13
Jurisdiction
Kingborough Council
Kingborough, 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 13.0 Rural Living (Kingborough Interim Planning Scheme 2015). Official parcel area about 31,131 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 $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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned 13.0 Rural Living (Kingborough Interim Planning Scheme 2015). Official parcel area about 31,131 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 31,131 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
Margate at a glance
4,358
People
$860,500
Median sale
$570/wk
Median rent
3.44%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by South Property GroupA truly exceptional property with 360° Vistas and less than 25 minutes from the heart of Hobart CBD.
Commanding one of Margate's most privileged elevated positions, 215 Nierinna Road is an extraordinary lifestyle estate of genuine rarity. Elevated yet remarkably accessible, this is a blue-chip offering where uninterrupted panoramic 360-degree views stretch from the ever-changing waters of North West Bay to the dramatic silhouette of kunanyi / Mount Wellington. Properties of this calibre - with expansive flat land at the summit, total privacy and a sub-25-minute commute to Hobart's CBD - are almost unheard of.
This is a residence that transcends a home. It is a lifestyle statement.
Set on a substantial, fully fenced parcel with secure garden fencing surrounding the home itself, the property offers the perfect balance of manicured, usable grounds and enchanting natural bushland. Wide, level lawns create space for family living, entertaining and play, while the surrounding bush provides privacy, beauty and a deep connection to nature.
Inside, the home has been thoughtfully refreshed to an exceptional standard, with refurbished Tassie Oak floorboards, a full interior repaint and new carpet to the hallways, upstairs lounge and master suite. The expansive open-plan living zone is flooded with natural light and anchored by a beautifully appointed kitchen with granite benchtops and generous storage, flowing seamlessly to dining and living areas designed for both intimate living and large-scale entertaining.
Comfort is uncompromising and year-round. Ducted heating is complemented by a powerful heat pump and a substantial statement Norseman wood burner - delivering warmth, ambience and architectural presence during cooler months, while framing the ever-changing landscape beyond.
Accommodation is generous and versatile. Multiple bedrooms (all with built-ins) are complemented by a second living or rumpus room, ideal for guests, children or multi-generational living. The upper-level master retreat is a private sanctuary, complete with plush new carpet, walk-in robe, ensuite, private lounge and its own balcony - a breathtaking vantage point to take in stunning vistas. Wake up to a view of the sunlight over the water from your bed.
Sustainability has been seamlessly integrated, with an extensive solar array for both heating, hot water and general electricity, three 25,000-litre water tanks and an Envirocycle system, supporting an environmentally conscious lifestyle without compromise.
Outdoors, the estate truly comes alive. A large, elegant entertaining area is ideal for hosting family and friends, while the 8-seater spa invites evenings of relaxation beneath a sky alive with stars. The grounds offer space to roam, explore and unwind, with established bushland providing a haven for native wildlife. Wedge-tailed eagles soar overhead, owls call at dusk, and wallabies and kangaroos are frequent visitors - a daily reminder of the privilege of living so closely connected to nature.
Vehicle accommodation and storage are equally impressive, with a substantial three-car garage, additional carport and abundant space for workshops, boats or equipment, perfectly suited to those who value both luxury and practicality.
Private, elevated and utterly irreplaceable, yet moments from Margate's village amenities and within easy reach of Kingston and Hobart, this is a once-in-a-generation opportunity to secure a truly exceptional Tasmanian lifestyle estate.
This is not just a property you buy. It's one you never replace.
Listing description written by Nick Cowley, South Property Group — reproduced as published, not verified by Districts.