Norwood at a glance
3,693
People
$700,000
Median sale
$572/wk
Median rent
4.25%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
$965,000
Last sold
25 Feb 2022
4
Bedrooms
3
Bathrooms
5
Car spaces
1,051 m²
Land
289 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
$965,000
25 Feb 2022 · derived via latest_sale
Local land rate: recorded House sales in Norwood (last 5 years) with land size have a median of $846/m² of land (n=114). Districts calculation from recorded sales — not a valuation.
Norwood at a glance
3,693
People
$700,000
Median sale
$572/wk
Median rent
4.25%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Vs Norwood
+37.9%
Median sale
Suburb $700,000
-1.17 pp
Gross yield
Suburb 4.25%
Suburb median $700,000 from 27 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 $572/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
Norwood at a glance
3,693
People
$700,000
Median sale
$572/wk
Median rent
4.25%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Sims for PropertyThis grand family residence has been enjoyed by its present owners for the past 13 years. The time has come for them to scale down and this creates a wonderful opportunity for its new owners.
From the moment you arrive at this home, the beautiful façade greets you and draws you to come inside. The entry inside the home just gets better with a large open space with access up to two additional levels (making 3 in total).
The ground floor is the family/living space, this includes a quaint sitting area off to the right of the entrance with a beautiful pressed tin feature ceiling. This brings you through the formal dining and large open kitchen space. From the formal dining, you also have access to the large impressive rumpus/library room. This room has beautiful built-in cabinetry and shelving.
The "den" as it is aptly named is a great informal lounge space at the rear of the home with access via sliding doors out to the lovely backyard. Off this space is the laundry again with easy access to the rear yard but it also includes a shower and toilet - the perfect 3rd bathroom. There is also a great separate study area or 5th bedroom option on this level.
Heading up to level one this is the main sleeping quarters with 3 main bedrooms, master features loads of built-in wardrobe space and ensuite with shower, double vanity, and separate toilet. The master also has a private room - perfect for a home gym, nursery or parents retreat.
The other two main bedrooms have walk-in robes and access to the family bathroom with a corner spa, shower, and separate toilet. This level also includes a sewing/craft room - a great additional multipurpose room.
The final level includes a 4th bedroom with gorgeous views towards the mountain and surrounds. The versatile floorplan leaves the options for converting other spaces into additional bedrooms if the requirement was there.
Other features of this home include:
- 3 phase power connected;
- Fully ducted air conditioning system;
- 900mm gas stove;
- Fully fenced family and pet-friendly rear yard;
- Ducted vacuum system;
- 4 zone watering system;
- Filtered water to the home;
- Luxaflex outdoor blinds;
- NBN connection directly to the home;
- Loads of off-street parking for a boat, caravan, or trailer.
This home is located in a quiet cul-de-sac with no through traffic, moments to walking tracks, Norwood primary school, shopping options at both Kings Meadows, local specialty stores, or only 10 minutes to the middle of the city. Homes of this calibre don't often become available be sure to visit one of our viewings to see for yourself what this family home has to offer.
Year Built: 1993
House Size: 289m2
Land Size: 1,051m2
Council Rates: $2,416 pa approx
Water Rates: $1,120 pa approx
Municipality: Launceston City
School Catchments: Norwood Primary, Kings Meadows High, Queechy High
Zoning: General Residential
Sims for Property 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.
Listing description written by Richard Sims, Sims for Property — reproduced as published, not verified by Districts.