Richmond at a glance
1,669
People
$910,000
Median sale
$594/wk
Median rent
3.39%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
TAS › Richmond › Wellington St
$730,000
Last sold
27 Oct 2023
3
Bedrooms
1
Bathrooms
0
Car spaces
681 m²
Land
112 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
$730,000
27 Oct 2023 · derived via latest_sale
Local land rate: recorded House sales in Richmond (last 5 years) with land size have a median of $887/m² of land (n=28). Districts calculation from recorded sales — not a valuation.
Richmond at a glance
1,669
People
$910,000
Median sale
$594/wk
Median rent
3.39%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Richmond
-19.8%
Median sale
Suburb $910,000
+0.84 pp
Gross yield
Suburb 3.39%
Suburb median $910,000 from 7 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 $594/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
Richmond at a glance
1,669
People
$910,000
Median sale
$594/wk
Median rent
3.39%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts HobartIt took four years in the 1830s for the local grocer to afford to complete this exquisite convict brick Georgian cottage. Its location on the corner of Morgan and Wellington streets marks the original coach stop for travellers from Sorell, and where one of the original horse drinking troughs remains to this day under the old gum tree. This property truly represents heritage that's been respected and made relevant for living today, and it could soon be yours.
In 1978 an extension was added providing for the combination bathroom/laundry, living room and covered patio. This was designed and commissioned by the previous owner, an antiques dealer with a careful eye, sympathetic to the character and legacy of the historic building. He used roof slate from the St Johns Catholic church for the bathroom and entry flooring, vintage French doors he acquired from Queensland, and of course genuine convict brick throughout. The entire accommodation both old and new is all on one level with no stairs.
A French Provincial inspired garden that was once featured in House & Garden magazine is flooded with natural light and lush with ornamental and edible plantings providing endless enjoyment, serenity, and calm.
This home represents a magnificent short term accommodation opportunity (STCA) which in turn provides a perfect set up for interstate buyers looking for a foothold in wonderful Tasmania. Derive a steady income stream while you come and go as you, please with your own accommodation reserved for whenever you fancy. While you're here contemplate a more permanent move!
A high performing school, vibrant hamlet style neighbourhood, and abundant community life and culture is all within walking distance where it is lively by day, and quiet by night. There's a veritable feast for the senses right on your very doorstep where you may have discovered the key to instant happiness.
The beauty of this town lies in the unique composition of history, culture and "Olde" architectural styles - and just try walking past the many cafés, eateries and confectionary store without stopping for a treat - these are about a 10-minute stroll from your front door. There is plenty to occupy young and old from museums and art galleries, to a 'village green' with annual calendar of events, and tourist 'maze'. Further afield (but not too far) is the renowned 'Coal River' winery belt where providores of artisan cheese, chocolates, and fine Tasmanian wines await you.
Be sure to register your interest in this generational listing opportunity.
Council Rates: $1,378.00 per annum (approx.)
Water Rates: $860.00 per annum (approx.)
Disclaimer: Every effort has been made to ensure the accuracy of the information contained herein. While there is no reason to doubt it's accuracy, guarantee cannot be assured. The content is intended as advice, and such as cannot be taken as absolute fact. Accordingly, all interested parties should make their own enquiries to verify this information.
Listing description written by Colin Miller, Harcourts Hobart — reproduced as published, not verified by Districts.