New Norfolk at a glance
6,455
People
$591,000
Median sale
$510/wk
Median rent
4.49%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
TAS › New Norfolk › Montagu St
$500,000
Last sold
5 Sept 2023
5
Bedrooms
2
Bathrooms
5
Car spaces
867 m²
Land
188 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
$500,000
5 Sept 2023 · derived via latest_sale
Local land rate: recorded House sales in New Norfolk (last 5 years) with land size have a median of $659/m² of land (n=115). Districts calculation from recorded sales — not a valuation.
New Norfolk at a glance
6,455
People
$591,000
Median sale
$510/wk
Median rent
4.49%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
Vs New Norfolk
-15.4%
Median sale
Suburb $591,000
+0.81 pp
Gross yield
Suburb 4.49%
Suburb median $591,000 from 43 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 $510/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
New Norfolk at a glance
6,455
People
$591,000
Median sale
$510/wk
Median rent
4.49%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Petrusma Property GlenorchyStunning character home on a generous 867sqm approx block close to the town centre. Looleena is a unique opportunity with 5 bedrooms, 2 bathrooms and a lock up garage surrounded by superb gardens with manicured hedges and colourful blooms.
Looleena is an enchanting property that offers the astute investor the opportunity to convert back to two flats and maximise the rental potential or utilise as a spacious family home with plenty of scope to further capitalise.
Step back in time with the beautiful renovations and enhancements that the Vendors have completed throughout this sprawling property - one word comes to mind and that is "charming". Take a stroll through the cottage gardens or enjoy the sun in the courtyard whilst entertaining family and friends.
The residence is spacious and there are various options to choose from with five large bedrooms, one of which was the old stable now converted to feature a small ensuite.
There are various zones throughout the home that provides informal and formal living and the versatile kitchen has been tastefully renovated and is well appointed with quality appliances, ample storage, and a separate bar or coffee zone with your dining suite making the perfect centrepiece.
This outstanding property offering so much versatility is located in the heart of the thriving township of New Norfolk, close to cafes and restaurants and is on the tourist route of the Derwent Valley
Expansive parking would allow room for multiple cars, boats or a caravan.
Perfect family home or opportunity for the astute investor
Flexible floorplan, tasteful interiors
Charm and character throughout
Pressed tin high ceilings
Dual heating with heatpump and wood heater
Walking distance to schools, shops and services
Listing description written by Tegan Rainbird, Petrusma Property Glenorchy — reproduced as published, not verified by Districts.