Norwood at a glance
3,693
People
$700,000
Median sale
$572/wk
Median rent
4.25%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
TAS › Norwood › Penquite Rd
$650,000
Last sold
6 Dec 2023
4
Bedrooms
2
Bathrooms
3
Car spaces
686 m²
Land
219 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
$650,000
6 Dec 2023 · derived via latest_sale
Local land rate: recorded House sales in Norwood (last 5 years) with land size have a median of $846/m² of land (n=114). Districts calculation from recorded sales — not a valuation.
Norwood at a glance
3,693
People
$700,000
Median sale
$572/wk
Median rent
4.25%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Vs Norwood
-7.1%
Median sale
Suburb $700,000
+0.33 pp
Gross yield
Suburb 4.25%
Suburb median $700,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Launceston Local Provisions Schedule
Zone
Rural
120.20
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 Rural · 120.20 (Launceston Local Provisions Schedule). Official parcel area about 684 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 $572/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 Rural · 120.20 (Launceston Local Provisions Schedule). Official parcel area about 684 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 684 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
Norwood at a glance
3,693
People
$700,000
Median sale
$572/wk
Median rent
4.25%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts LauncestonTucked away from the bustling world, this remarkable property on Penquite Road offers an extraordinary blend of serene living and central convenience. As you step inside, the hustle and bustle of daily life will melt away, and you'll find yourself immersed in a world of unexpected tranquillity.
A Scenic escape perched in a coveted position overlooking the Norwood/St. Leonards Valley, this home boasts breathtaking, uninterrupted views towards the east. Your backyard is a sprawling expanse of farmland, providing a sense of space and privacy without the hassle of maintenance. Sunlight graces this home throughout the day, with the morning rays streaming through the decking area, making it the perfect place to start your day. The landscaped grounds surrounding offer a beautiful setting to add to this oasis in the city feel.
The well-thought-out layout of this home is an entertainer's dream. It's perfect for hosting gatherings with friends and family, offering an inviting atmosphere that complements the stunning surroundings. The open plan kitchen, living, dining has a feature Myrtle lined timber vaulted ceiling that adds character and style. There is another bathroom and huge rumpus or bedroom under, could be easily converted to a self-contained flat with minor works. Garage storage plus dual car port off street means plenty of parking options.
All-Season Comfort For those colder months, an amazing feature cast iron fireplace becomes the heart of the home, creating a cozy, ambient setting for unforgettable evenings. And when the weather warms up, the reverse-cycle air conditioning throughout the home ensures your comfort, no matter the season.
This property is incredibly central. It's mere minutes from Launceston's bustling CBD, making your daily commute a breeze. Plus, the local amenities are at your fingertips, with schools, shops, and recreational facilities all within easy reach at Newstead, Kings Meadows, or St. Leonards, Norwood itself has schools and shops within a 2-3min drive too.
Don't miss the opportunity to make Penquite Road your new address. This property offers the best of both worlds, a haven of unexpected tranquillity within reach of the conveniences you need. Contact us today to experience this exceptional lifestyle for yourself. Your dream home is waiting!
Rent: Up To $550 p/w
House size: 219m2
Land size: 686m2
Built: 1950
Rates: $1760 Approx.
Council Zoning: Residential
Council: City Of Launceston
Heritage listed: No
**Harcourts Launceston 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. All measurements are approximate.
Listing description written by David Hernyk, Harcourts Launceston — reproduced as published, not verified by Districts.