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 › Elizabeth St
$2,850,000
Last sold
18 Sept 2025
4
Bedrooms
2
Bathrooms
5
Car spaces
3,280 m²
Land
371 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
$2,850,000
18 Sept 2025 · 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
+239.3%
Median sale
Suburb $840,000
-2.52 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.
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 Elders Real Estate HobartCirca 1924 and designed by esteemed Hobart architect Bernard Walker, 'Arcadie' is a distinguished family estate set within 3,280sqm of extensive grounds in one of North Hobart's most coveted enclaves. Exemplifying Walker's signature Federation style with Arts and Crafts influences, the residence showcases timeless design, superior craftsmanship and the enduring use of fine local materials throughout the sandstone and red brick construction.
Lovingly held by the same family since 1971 and most recently by Walker's own son and daughter-in-law, 'Arcadie' has been carefully preserved, with exquisite original features retained throughout. Offered to the market for the first time in more than 50 years, this rare opportunity combines architectural provenance with significant future potential.
With flexible urban mixed-use zoning, the property presents as a substantial family home of rare pedigree, while also affording scope for a range of alternative commercial uses, subdivision, or development (STCA). Whether treasured as a generational residence or reimagined for new possibilities, Arcadie stands as one of Hobart's most notable heritage residences taken to market, in this sought after location, for quite some time.
A grand entry foyer, accessed via the front verandah, immediately sets the tone of elegance carried throughout the home's two expansive levels. The ground floor is dedicated to refined living and entertaining, offering a series of gracious reception rooms including a generously proportioned living room, a formal dining room, a charming sitting room, a sunroom bathed in natural light, and the family kitchen. Practicality is also well considered, with laundry facilities, storage room, and a bathroom completing this level.
The staircase ascends to the upper level, where a grand primary suite is a private retreat with direct access to the sunroom with water views and an adjoining study or nursery, providing exceptional versatility. Three further well-proportioned bedrooms and a central family bathroom complete this floor, ensuring ample accommodation for family and guests.
Ornate timber panelling, high ceilings, leadlight windows and picture rails and original fireplaces with surrounds enrich the home's character, while modern enhancements, including an electric fireplace in the dining room and central heating ensure year-round comfort.
The established grounds are equally enchanting, with a canopy of mature fruit trees, lawns proven to host many a backyard cricket match, and a gazebo providing a picturesque setting for outdoor entertaining. A garage, garden shed and workshop further enhance the property's amenity.
Positioned just moments from The Friends' School and other excellent schools, Hill Street Grocer, the vibrant North Hobart café and dining strip, and public transport, this coveted address promises an unrivalled lifestyle of both convenience and charm. This is a rare opportunity to acquire a substantial holding and become the next custodian of Arcadie, carrying forward its rich heritage and cherished memories.
Listing description written by Abi Freeman, Elders Real Estate Hobart — reproduced as published, not verified by Districts.
Also look at
Unit 4/413-415 Elizabeth St, North Hobart TAS 7000
1-bed unit. Currently listed.
2/8 Mctavish Ave, North Hobart TAS 7000
2-bed house. Asking $495K.
32-32A Ryde St, North Hobart TAS 7000
3-bed house. Asking $899K.
13 Audley St, North Hobart TAS 7000
6-bed house for sale. Asking $1.68M.