Riverside at a glance
7,693
People
$711,000
Median sale
$546/wk
Median rent
3.99%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
3
Bedrooms
2
Bathrooms
6
Car spaces
726 m²
Land
115 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Riverside (last 5 years) with land size have a median of $799/m² of land (n=107). Districts calculation from recorded sales — not a valuation.
Riverside at a glance
7,693
People
$711,000
Median sale
$546/wk
Median rent
3.99%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
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 $546/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
Riverside at a glance
7,693
People
$711,000
Median sale
$546/wk
Median rent
3.99%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts LauncestonLocation is the key to lifestyle now that we spend more time at home and this home offers it all being within close walking proximity to the Tailrace Centre/ Park, exercise trail, boat launch ramp & Golf Club. Literally only minutes away from the Tennis Club, Swimming Centre, Shopping Complex, Windsor Park Community Precinct, Primary School, St Andrews Catholic School & the Launceston Christion School/Church, the property is quietly positioned in a no-through street. This tastefully renovated home is very unique and not the 'cookie cutter' style of renovation commonly seen. It has a warm, welcoming feel to the home with open plan living spaces and a separate guest house at the rear (complete with a stunning new bathroom), which could also double as a studio, retreat, office, home gym or various other uses. The property also provides enormous amounts of storage space with a large garage/workshop and plenty of parking for the caravan and boat.
Main Features:
• Immaculate home on 726 sqm fully landscaped, flat block
• Modern open plan kitchen with butler's pantry/laundry and dishwasher
• Two bedrooms in the main house plus the studio at the rear
• Two modern bathrooms to include a bath, 2 showers and 3 toilets
• Spacious living and dining spaces
• Ducted reverse cycle air conditioning, external window awnings
• Large private rear courtyard for entertaining and family BBQs
• Fully fenced, secure and private backyard - great for kids and pets
• Large 58 sqm garage with extra toilet & storage shelves
• Carport, storage sheds and extra off-street parking
• Plenty of space for a boat and caravan
• Close to quality private and public schools, shops and supermarkets
• Close to sporting facilities, including the golf, bowls and tennis clubs & swimming pool
• Close to the Tailrace, parks, walking tracks and the boat launch ramp
• 15 Minute easy walk to Riverside Shopping Centre
• Only 5 minutes' drive to Launceston's CBD
Contact Jeremy Wilkinson or Conall Cassidy for further information.
Rental Estimate: Up to $470 pw
House size: 94 sqm
Guest house: 21 sqm
Garage size: 58 sqm (8m x 7m)
Carport size: 18 sqm
Land size: 726 sqm
Built: 1969
Rates: $1600 pa
Zoning: General Residential
Council: West Tamar
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 Jeremy Wilkinson, Harcourts Launceston — reproduced as published, not verified by Districts.