Kings Meadows at a glance
4,438
People
$671,000
Median sale
$536/wk
Median rent
4.15%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
TAS › Kings Meadows › Avenger Ave
$1,555,000
Last sold
29 Feb 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
785 m²
Land
300 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
$1,555,000
29 Feb 2024 · derived via latest_sale
Local land rate: recorded House sales in Kings Meadows (last 5 years) with land size have a median of $870/m² of land (n=99). Districts calculation from recorded sales — not a valuation.
Kings Meadows at a glance
4,438
People
$671,000
Median sale
$536/wk
Median rent
4.15%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Vs Kings Meadows
+131.7%
Median sale
Suburb $671,000
-2.36 pp
Gross yield
Suburb 4.15%
Suburb median $671,000 from 34 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 $536/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
Kings Meadows at a glance
4,438
People
$671,000
Median sale
$536/wk
Median rent
4.15%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Sims for PropertyPerched impressively at 5 Avenger Avenue, Kings Meadows, 'Asgard' stands out as a truly exceptional residential property in the current real estate market. This newly constructed architectural marvel, a creation of the renowned Zanetto Builders prominently featured on the Local Project and Dream Homes Australia, and winning a national award in 2023 sets the standard for opulent living. Boasting an extravagant and commanding design, every facet of this home reflects meticulous attention to detail, showcasing bespoke finishes and an overall air of sophistication.
As you approach the residence, the exterior captivates with a breathtaking LED-lit floating concrete stairway, a custom concealed garage door, and meticulously landscaped gardens designed for low maintenance. 'Asgard' not only offers a visually stunning facade but also integrates state-of-the-art technology, a testament to its innovative construction never before seen in Launceston.
Upon entering, residents are treated to awe-inspiring panoramic views of the mountains, creating a serene backdrop for morning rituals, such as savouring a cup of coffee. The integrated kitchen, a modern and elegant space, features a five-meter snow stone bench-a culinary haven for any chef, complemented by a glass-enclosed wine rack. The expansive open-plan living area provides an ideal setting for hosting gatherings and entertaining guests.
This remarkable property encompasses three bedrooms, each adorned with built-in wardrobes, while the master suite boasts the luxury of a spacious walk-in robe. The bathrooms are a visual feast, adorned with exquisite Italian floor-to-ceiling tiles, sleek stone top vanities, and opulent dual shower heads. The ensuite's magnificent skylight adds a unique touch of allure to the space.
Noteworthy among the property's features is the home theatre room, equipped with a top-of-the-line surround sound speaker system, providing an immersive cinematic experience. A stroll down the hallway reveals contrasting elements - one side adorned with black butt lining, while the other mesmerizes with floor-to-ceiling windows showcasing the stunning garden and capturing the sunlight.
Moving outdoors, the beautifully landscaped gardens continue to impress. As evening descends, meticulously positioned lights illuminate the Japanese-style gardens, transforming the yard into a vibrant and enchanting space. Residents can unwind on the outdoor lounge or indulge in the serene atmosphere of the private spa area, completing the experience of luxury living at 'Asgard.'
The home has been used as a Airbnb and generating a monthly revenue ranging from $7,000 to $11,000.
- Breathtaking exterior with an LED-lit floating concrete stairway;
- low-maintenance landscaped Japanese inspired gardens;
- Modern integrated kitchen with a five-meter snow stone bench;
- Glass-enclosed wine rack;
- Spacious open-plan living area perfect for entertaining guests;
- Grand master suite with Luxurious ensuite;
- Home theatre room equipped with a top-of-the-line surround sound speaker system;
- Hallway adorned with black butt lining and floor-to-ceiling windows showcasing the garden;
- Outdoor lounge and private spa area provide tranquil spaces to unwind and relax.
Year Built: 2022
Council Rates: $3,175pa approx
Water Rates: $1,000pa approx
House Size: 300sqm
Land Size: 785sqm
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.