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TAS › Penguin › Ashwater Cres

48 Ashwater Cres, Penguin TAS 7316

House

$490,000

Last sold

20 Nov 2025

2

Bedrooms

1

Bathrooms

2

Car spaces

792 m²

Land

97 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $490,000 (20 Nov 2025).(Recorded sale)
  • CalculationLand 792 m² against a 97 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Penguin (last 5 years) with land size: median $716/m² of land (n=126). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$490,000

20 Nov 2025 · derived via latest_sale

Local land rate: recorded House sales in Penguin (last 5 years) with land size have a median of $716/m² of land (n=126). Districts calculation from recorded sales — not a valuation.

Penguin at a glance

4,239

People

$628,750

Median sale

$473/wk

Median rent

3.91%

Suburb gross yield

Median sale from 64 recorded sales (last 12 months) — a Districts calculation.

See the full Penguin report →

Vs Penguin

-22.1%

Median sale

Suburb $628,750

+1.11 pp

Gross yield

Suburb 3.91%

Suburb median $628,750 from 64 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$490,00020 Nov 2025
  2. Listedprice unknowncompleted18 Nov 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

TAS

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $473/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Penguin in one glance

Penguin at a glance

4,239

People

$628,750

Median sale

$473/wk

Median rent

3.91%

Suburb gross yield

Median sale from 64 recorded sales (last 12 months) — a Districts calculation.

See the full Penguin report →

Keep researching

  • Why Penguin? Read the area thesis →
  • What else is on the market in Penguin →
  • Other records on Ashwater Cres →

Listing material

Listed by One Agency Burnie

Adorable Home With 2 bedrooms & 2 Lounge Areas In Quiet Street In Super Popular Penguin!

Here is your golden opportunity to buy into the perennially popular coastal town of Penguin! Enjoy being able to walk to sandy beaches of Penguin and the town centre from this adorable weatherboard home in a quiet, local-traffic-only street.

- With a wonderfully spacious eat-in kitchen, taking in views out across the paddocks and gum trees to the local Dial Range mountains

- You can enjoy the tranquility while cooking up a storm or enjoying company around the dining table

Read the full description

- The rear deck is huge, and is perfect to enjoy the same leafy green outlook

- The main lounge is adjacent to what was the 3rd bedroom, which has been converted to a 2nd lounge area, but could conveniently revert 2nd lounge back to a 3rd bedroom if the new owners prefer

- Reverse-cycle heat pump for year-round comfort, plus wood heater for extra-cosy winters

- Floorboards in living areas and kitchen

- Renovated bathroom, with shower and vanity

- Linen closet in the hall

- Separate toilet to bathroom for great convenience

- Spacious block with rear yard access, perfect for kids and pets to play, or perhaps add a large shed (STCA)

- Under house access, good for extra storage

- Laundry room is set under the house, convenient to the rotary clothes line in the back yard

- Excellent potential to add value and build equity by painting / renovating

- Easily liveable as-is in the meantime, upgrade slowly as-you-go

- Penguin is renowned for its sandy beaches, Sunday Market, excellent schools, mountain bike tracks and bushwalking trails, everybody loves Penguin!

Size: 97m2 (approx.)

Land Size: 792m2 (approx.)

Beds: 2

Baths: 1

Open Spaces For Vehicles: 2

Year Built: 1950

Council Rates: $1,425 p/a (approx.)

Water Rates: $300 p/qu (approx.)

One Agency Burnie 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 Daisy Richardson, One Agency Burnie — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Deck
  • Floorboards
  • Living Areas: 2
  • Outdoor Entertaining
  • Pet-Friendly
  • Shed
  • Toilets: 1
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.