Summerhill at a glance
3,090
People
$673,500
Median sale
$528/wk
Median rent
4.08%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
TAS › Summerhill › Peel Street West
$560,000
Last sold
13 Feb 2023
3
Bedrooms
2
Bathrooms
4
Car spaces
894 m²
Land
151 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
$560,000
13 Feb 2023 · derived via latest_sale
Local land rate: recorded House sales in Summerhill (last 5 years) with land size have a median of $749/m² of land (n=91). Districts calculation from recorded sales — not a valuation.
Summerhill at a glance
3,090
People
$673,500
Median sale
$528/wk
Median rent
4.08%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Vs Summerhill
-16.9%
Median sale
Suburb $673,500
+0.82 pp
Gross yield
Suburb 4.08%
Suburb median $673,500 from 18 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 $528/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
Summerhill at a glance
3,090
People
$673,500
Median sale
$528/wk
Median rent
4.08%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Parry Property277 Peel Street West is a suitable home for many walks of life. This beautiful brick house has all of the practical bells and whistles you could want. A sought-after floor plan, a corner block, a double garage with workshop and laundry, a wood shed, 3 bedrooms, 2 bathrooms, 1 living area, outdoor undercover entertaining, an open kitchen and dining, and ample space for vehicles make this property the perfect fit for most families.
Upon entry to the home, you'll notice ample storage for linen and miscellaneous items. Flowing seamlessly to the main bathroom down the hall that boasts a unique spa bath. The living area is separated from the 3 bedrooms, so you can host dinner parties or entertain away from each bedroom. Each bedroom is of generous size, with two bedrooms hosting built-in robes, and the master bedroom having an ensuite and walk-in robe.
The kitchen is well-equipped with ample storage and an additional walk-in pantry to store all of the home-grown vegetables from the backyard. The kitchen also overlooks the dining area, that flows through to the living area that's host to a cosy fireplace, which will keep you warm on those chilly nights.
If gardening is your thing -the backyard has plenty of room with vegetable gardens and fruit trees! The previous owner grew an abundance of vegetables in the highly fertilised garden beds that off-shoot from the undercover entertaining and BBQ area. The rest of the garden beds can be low maintenance but has room for your gardening creativity to blossom.
The home was built in 1987 on this 894 m² block. Although suitable to move straight into, If you're the DIY type, this property is a great project to modernise with minimal effort. It has plenty of potential and has been well-maintained by the previous owners.
Furthermore, conveniently located close to two large shopping centres and just down the road from St Patrick's College, Prospect High school, Summerdale Primary School, the Launceston Silverdome, multiple parks, and a 5-minute drive into the Launceston CBD.
Don't miss this fabulous opportunity to own a neat family home in a prime location! Perfect for investors, first-home buyers, or renovators.
Land Size: 894m2 (approx)
Build Size: 151m2 (approx)
Year Built: 1987
We have in preparing this listing used our best endeavours to ensure the information is true & accurate. Prospective purchasers are advised to carry out their own investigations.
Listing description written by Kyle Barrett, Parry Property — reproduced as published, not verified by Districts.
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