Sandy Bay at a glance
12,555
People
$1,152,500
Median sale
$548/wk
Median rent
2.47%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
TAS › Sandy Bay › Melrose Ct
$4,400,000
Last sold
12 Dec 2024
5
Bedrooms
3
Bathrooms
4
Car spaces
2,544 m²
Land
6,401.019 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$4,400,000
12 Dec 2024 · derived via latest_sale
Local land rate: recorded House sales in Sandy Bay (last 5 years) with land size have a median of $1,973/m² of land (n=64). Districts calculation from recorded sales — not a valuation.
Sandy Bay at a glance
12,555
People
$1,152,500
Median sale
$548/wk
Median rent
2.47%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Vs Sandy Bay
+281.8%
Median sale
Suburb $1,152,500
-1.82 pp
Gross yield
Suburb 2.47%
Suburb median $1,152,500 from 36 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 $548/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
UnknownArea
Sandy Bay at a glance
12,555
People
$1,152,500
Median sale
$548/wk
Median rent
2.47%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Real Estate Hobart'Greystanes' circa 1910 is built in the Arts & Craft style, designed by the English Architect CFA Voysey and constructed for William Webster of the prominent firm AG Webster. Extensive use of English Oak and Cedar timber and the retention of classic original features throughout demonstrate a level of craftsmanship almost unobtainable in modern builds, whilst sympathetically implemented updates offer comfortable and convenient contemporary living. Privately nestled on a verdant allotment of 2544sqm in a quiet and highly coveted pocket of Sandy Bay, this is an exceptional opportunity to acquire a substantial holding in this sought after locale.
A number of spacious living rooms across a flexible floorplan flow off the magnificent Cedar panelled reception hall. Perfect for entertaining friends and family, the well-equipped kitchen with sunny bay window seat has an integrated Lieberher fridge and freezer and Zip filtered boiling and sparkling water dispenser. The kitchen is open plan to the large living room with marble fireplace and built in wood burner, and access to a sheltered sun porch.
Along the hallway a formal dining room and sitting room opening onto the verandah provide further living space. A large stone paved courtyard at the rear of the property has a newly tiled solar heated saltwater pool and pizza oven for hosting at home over the summer months.
A scullery, linen press, powder room, laundry, workshop and additional WC complete the floorplan on the entry level.
The imposing oak staircase leads to the upper level, accommodating the private master suite with ensuite bathroom and walk in robe, alongside three further bedrooms with built-in wardrobes, an additional room currently configured as a playroom, a study and two central bathrooms.
Recently installed ducted gas heating and in floor heating in the bathrooms ensures year-round comfort. Original features comprising antique cut glass doorknobs and light fixtures, picture rails, leadlight windows, fireplace surrounds, hardwood floors and maid bells stand in testament to the home's era adding character and ambience.
Surrounded by verdant established grounds with mature plantings including Elm, Magnolia, Birch, fruit and citrus trees, there is dual access to the property and a double carport and off-street parking in the driveway.
Within easy reach of excellent schools and UTAS and walking distance of Nutgrove Beach, and Blac Fig café and deli, the Royal Yacht Club and numerous parks, everything a family could need or want is right on the doorstep.
Impressive in every way, the classic melds seamlessly with the contemporary right throughout this immaculately presented property, making it a rarity to market. This is an exceptional opportunity to secure an exquisite family home in a desirable neighbourhood.
Listing description written by Abi Freeman, Elders Real Estate Hobart — reproduced as published, not verified by Districts.
Nearby 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.