North Hobart at a glance
2,769
People
$840,000
Median sale
$579/wk
Median rent
3.58%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
TAS › North Hobart › Pitt St
$620,000
Last sold
16 Feb 2024
3
Bedrooms
1
Bathrooms
0
Car spaces
215 m²
Land
124 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
$620,000
16 Feb 2024 · derived via latest_sale
Local land rate: recorded House sales in North Hobart (last 5 years) with land size have a median of $3,401/m² of land (n=55). Districts calculation from recorded sales — not a valuation.
North Hobart at a glance
2,769
People
$840,000
Median sale
$579/wk
Median rent
3.58%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Vs North Hobart
-26.2%
Median sale
Suburb $840,000
+1.28 pp
Gross yield
Suburb 3.58%
Suburb median $840,000 from 10 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 $579/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
North Hobart at a glance
2,769
People
$840,000
Median sale
$579/wk
Median rent
3.58%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ripple RealtyLocated a mere 200m from North Hobart's renowned retail precinct and with the area's many amenities within easy reach, here is a fantastic opportunity to access this highly sought-after area - but you'll need to bring your trade skills, DIY know-how and a passion for revitalising vintage homes in need of TLC.
Built in 1935, the property's brick construction and charming exterior reflects its origins, and whilst the interior will need dedicated work, the potential to turn this modest home into something really special is clear.
There are three double bedrooms, with the master a particularly generous size; a sunroom and spacious living room at the front of the property; and adjacent dining and kitchen facilities. The internal bathroom has a separate shower and toilet at the rear, plus there's a laundry, shed, and garage offering handy additional storage space.
Set on a 215sqm block, there is room for off-street parking - a space that could be converted into a courtyard area as an innovative outdoor living option.
Surrounded by quality character homes and just around the corner from the heart of vibrant and eclectic North Hobart - with shops, cafés, restaurants, the State Cinema, bars and entertainment venues for you to experience and enjoy. The wider area has a range of reputable schools from kinder to college, parks and green spaces, a regular bus service right along Elizabeth St, plus central Hobart is less than 2km away - an easy walk.
Courageous renovators will love this property's possibilities. If you're prepared for some hard work, the chance to revitalise a classic home in one of Hobart's most popular locations and create comfortable modern living to suit your style can't be missed. Contact Warwick today to arrange a viewing time, and get your plans underway!
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Listing description written by Warwick Page, Ripple Realty — reproduced as published, not verified by Districts.