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TAS › Legana › Fermoy Ln

29 Fermoy Ln, Legana TAS 7277

For saleHouse for Sale

$865,000–$925,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

2

Car spaces

641 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $865,000–$925,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $865,000–$925,000(Listing record · 22 July 2026)
  • FactLand 641 m²; no building size recorded.(Property record)
  • CalculationAsk is 6% above the Legana median recorded sale ($815,000, n=63, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Legana's advertised median rent ($568/wk), implied gross yield would be 3.41% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$865,000–$925,000

Asking range · $1,349/m² of land

No recorded sale for this property.

Legana at a glance

5,179

People

$815,000

Median sale

$568/wk

Median rent

3.62%

Suburb gross yield

Median sale from 63 recorded sales (last 12 months) — a Districts calculation.

See the full Legana report →

Vs Legana

+6.1%

Median sale

Suburb $815,000

-0.21 pp

Gross yield

Suburb 3.62%

Suburb median $815,000 from 63 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$865,000
Stamp Duty (Tasmania)
$34,110
Transfer/Registration Fee
$257
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$903,067

$38,067 on top of the price (4.4% extra)

  • Stamp Duty (Tasmania)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Tasmania schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Legana's advertised median rent — not a rent for this listing.

Net yield
1.91%
Annual cashflow (pre-tax)
$-28,419
Interest cover (DSCR)
0.37
Annual rent
$29,536
Operating expenses
$12,975
Loan amount
$692,000
Annual interest
$44,980
Gross yield
3.41%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$865,000–$925,000available22 July 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

TAS

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $568/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 3.4%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Legana in one glance

Legana at a glance

5,179

People

$815,000

Median sale

$568/wk

Median rent

3.62%

Suburb gross yield

Median sale from 63 recorded sales (last 12 months) — a Districts calculation.

See the full Legana report →

Keep researching

  • Why Legana? Read the area thesis →
  • What else is on the market in Legana →
  • Other records on Fermoy Ln →

Listing material

Listed by Harrison Agents Launceston

Brand New Home, Designed for Modern Family Living

Set within one of Legana's newest residential pockets and surrounded by quality homes, this brand-new property offers the perfect combination of style, comfort and practicality. Thoughtfully designed, the home delivers spacious interiors, quality finishes and a layout that makes everyday living effortless.

The kitchen is undoubtedly the heart of the home. Finished in crisp, neutral tones, it features quality appliances, generous bench space and plenty of storage. It overlooks the open plan living and dining area, creating a warm and inviting central space where everyone can come together.

Sliding doors extend the living space to the undercover alfresco, allowing for seamless indoor-outdoor living and making entertaining easy throughout the warmer months. The backyard is spacious, well utilised and offers the added convenience of side access, providing plenty of room for children, pets or additional storage.

Read the full description

The accommodation is equally impressive, with four generous bedrooms. The master suite is privately positioned and includes a walk-in robe along with a beautifully finished ensuite featuring timeless neutral tones. The remaining bedrooms are all fitted with built-in wardrobes and are serviced by a stunning family bathroom complete with floor-to-ceiling tiling, quality tapware, a bath, separate shower and a separate toilet.

Adding further functionality is a dedicated study nook, while the spacious laundry offers excellent storage to keep everyday life organised.

Designed for year-round comfort, the home is complete with ducted heating throughout and double glazing, providing warmth, energy efficiency and a peaceful living environment.

Positioned in one of Legana's fastest-growing communities, you'll enjoy easy access to everything the area has to offer. Legana Shopping Centre, local cafés, supermarkets, schools, childcare facilities, parks and walking tracks are all just moments away, while the Tamar River and Launceston CBD are only a short drive, making this an exceptional location for families and professionals alike.

Offering the appeal of a brand-new home without the wait to build, this is an outstanding opportunity to secure a quality residence in a location that continues to grow in popularity.

The information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.

Listing description written by Michael Dearsley, Harrison Agents Launceston — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Ensuites: 1
  • Outdoor Entertaining
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.