Invermay at a glance
3,463
People
$535,000
Median sale
$510/wk
Median rent
4.96%
Suburb gross yield
Median sale from 46 recorded sales (last 12 months) — a Districts calculation.
$430,000
Last sold
6 Jan 2025
3
Bedrooms
1
Bathrooms
3
Car spaces
368 m²
Land
86 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
$430,000
6 Jan 2025 · derived via latest_sale
Local land rate: recorded House sales in Invermay (last 5 years) with land size have a median of $1,068/m² of land (n=134). Districts calculation from recorded sales — not a valuation.
Invermay at a glance
3,463
People
$535,000
Median sale
$510/wk
Median rent
4.96%
Suburb gross yield
Median sale from 46 recorded sales (last 12 months) — a Districts calculation.
Vs Invermay
-19.6%
Median sale
Suburb $535,000
+1.21 pp
Gross yield
Suburb 4.96%
Suburb median $535,000 from 46 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
Invermay at a glance
3,463
People
$535,000
Median sale
$510/wk
Median rent
4.96%
Suburb gross yield
Median sale from 46 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Roberts Real Estate LauncestonWelcome to 48 Dry Street, a delightful blend of historic charm and modern convenience, situated in the vibrant neighborhood of Invermay. This well maintained 3-bedroom, 1-bathroom home offers an inviting atmosphere and is perfect for families, first-time buyers, investors or anyone looking to embrace the unique character of a classic residence.
Property Highlights
-Bedrooms: 3 spacious bedrooms designed for comfort and relaxation, each with ample natural light and hardwood flooring that adds warmth and character.
- Bathrooms: 1 well-appointed bathroom featuring modern fixtures.
- Living Space: An open and airy living room that serves as the heart of the home, perfect for entertaining or enjoying quiet evenings with loved ones plus there is a wood heater for cozy winter warmth. There is a deck flowing from the rear of the home to the level and private garden space.
- Parking: The property includes a carport space for convenient off street parking, along with additional open parking for two vehicles.
Land and Building Details
- Land Area: 368 sqm, providing a manageable yet compact outdoor area.
- Building Area: 86.0 classic floor plan of the early 1900s
- Construction Year: Built in 1900, this home boasts architectural charm and character, with a classic exterior that complements the urban landscape.
Neighborhood
Located in the heart of Invermay, this property is surrounded by a vibrant community and is just a short stroll from local cafes, parks, shopping and the new University of Tasmania complex. Enjoy the convenience of urban living whilst being nestled in a peaceful neighborhood.
Don't miss the opportunity to own this charming piece of history at 48 Dry Street. Whether you're looking to invest in a property with character or seeking a family home with a warm atmosphere, this residence is sure to impress.
• Character cottage
• 3 bedrooms, 1 bathroom
• Carport plus off street parking
• Level home & yard
• Well maintained property
• Short walk to new University complex
"Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. Please note, photos are indicative of the property only."
Listing description written by Kathy Padgett, Roberts Real Estate Launceston — reproduced as published, not verified by Districts.