Montrose at a glance
2,188
People
$700,000
Median sale
$577/wk
Median rent
4.29%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
TAS › Montrose › Riverway Rd
$540,000
Last sold
3 Sept 2025
2
Bedrooms
2
Bathrooms
2
Car spaces
523 m²
Land
104 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
$540,000
3 Sept 2025 · 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 Montrose (last 5 years) with land size have a median of $927/m² of land (n=60). Districts calculation from recorded sales — not a valuation.
Montrose at a glance
2,188
People
$700,000
Median sale
$577/wk
Median rent
4.29%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Montrose
-22.9%
Median sale
Suburb $700,000
+1.27 pp
Gross yield
Suburb 4.29%
Suburb median $700,000 from 15 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 $577/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
Montrose at a glance
2,188
People
$700,000
Median sale
$577/wk
Median rent
4.29%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ripple RealtyBeautifully blending the charm of its 1950s origins with thoughtful modern updates and a touch of farmhouse warmth, this inviting home offers a lifestyle of comfort, flexibility and character in a convenient Montrose location.
Behind its welcoming façade, you'll discover a home that has been tastefully updated while retaining many of the features that make homes of this era so desirable. Exceptionally high ceilings, generous proportions and a warm, welcoming atmosphere combine to create a property that feels both spacious and homely.
Offering two exceptionally large bedrooms, both complete with built-in robes, the home is perfectly suited to couples, young families or downsizers wanting room to move. Two beautifully renovated bathrooms provide modern convenience, while a dedicated study nook along the hallway creates the ideal space for working from home or studying.
The flexible floorplan is one of the home's greatest strengths. The current lounge room could easily be adapted into a third bedroom with only minor modifications, while the generous kitchen-with its excellent storage, appliance nook and ample space for a dining table-could comfortably become the heart of the home. This also opens the opportunity to convert the existing dining room into a second living area, creating a highly functional three-bedroom family home.
Step outside and you'll find a beautifully landscaped, low-maintenance backyard designed for both relaxation and entertaining. Whether it's children and pets enjoying the secure yard, friends gathering around the fire pit on cooler evenings or summer barbecues on the entertaining deck, this outdoor space is sure to impress.
Completing the package is off-street parking for two vehicles, along with a large workshop that could easily be converted back into a garage if desired.
Offering a wonderful blend of character, modern comfort and flexible family living, this is a home that adapts to your lifestyle both now and into the future. Positioned within easy reach of local schools, shopping, public transport and only a short drive to Hobart's CBD, 24 Riverway Road presents an exceptional opportunity to secure a home with personality, practicality and endless potential.
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 Warwick Page, Ripple Realty — reproduced as published, not verified by Districts.