Midway Point at a glance
3,547
People
$745,000
Median sale
$594/wk
Median rent
4.15%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
TAS › Midway Point › Penna Rd
2
Bedrooms
1
Bathrooms
2
Car spaces
653 m²
Land
95 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 Midway Point (last 5 years) with land size have a median of $992/m² of land (n=133). Districts calculation from recorded sales — not a valuation.
Midway Point at a glance
3,547
People
$745,000
Median sale
$594/wk
Median rent
4.15%
Suburb gross yield
Median sale from 34 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 $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.
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
Midway Point at a glance
3,547
People
$745,000
Median sale
$594/wk
Median rent
4.15%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by EIS PropertyWith rising interest rates comes rising rents....so here is a great home to end your renting cycle and one that you can truly call your own! You could move straight in and add your own personal touches in time, but the big ticket items such as kitchen and bathroom have already been renovated in the past, for easy living. You also have the advantage of being able to convert the existing study/dining space back into a third bedroom, as it once was, should you need room for young children or guests down the track. In the meantime, this opens off the lounge to be the perfect study alcove, formal dining or gaming room! And the views...are just amazing! Everyone wants a water and mountain view, but these are usually afforded at a much higher price point, but not here! Wake up to enjoy the 180 degree glistening water views and ever-changing skies framed by Mt Wellington (kunyanyi), in the distance, as you prepare breakfast in the kitchen before moving out onto the deck to take in the fresh, morning air. And in the evening, you will be treated to a kaleidoscope of colours as the sun sets behind the mountain!
Flooded in natural light throughout, the interior will really surprise you once you step inside. There really is nothing that needs doing inside to make this your new home. Polished Myrtle floorboards in the lounge merge with Tas Oak floorboards in the study and hallway providing a practical, easy to clean finish to these high traffic areas. Double sliding doors open out onto a usable deck, ideal for barbeques and relaxing, and designed to make the most of the water views! You could easily put in stairs leading down into the backyard from this deck or extend this to maximise the outdoor living/entertaining space before the summer months and for easy flow to and from the backyard if you have children or a family dog.
Outside is virtually a blank canvas with established shrubs and lawn, perfect for you to make the gently sloping, enclosed backyard as high or low maintenance as you wish…how exciting!
This well presented property being a 20 minute commute from the city would make an ideal first home or a great investment opportunity down the track. Such a great opportunity to step into buying your own home.
Listing description written by Deb Stephens, EIS Property — 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.