Summerhill at a glance
3,090
People
$673,500
Median sale
$528/wk
Median rent
4.08%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
TAS › Summerhill › Harris St
$507,000
Last sold
4 Oct 2023
3
Bedrooms
1
Bathrooms
1
Car spaces
353 m²
Land
105 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
$507,000
4 Oct 2023 · derived via latest_sale
Local land rate: recorded House sales in Summerhill (last 5 years) with land size have a median of $743/m² of land (n=91). Districts calculation from recorded sales — not a valuation.
Summerhill at a glance
3,090
People
$673,500
Median sale
$528/wk
Median rent
4.08%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Vs Summerhill
-24.7%
Median sale
Suburb $673,500
+1.34 pp
Gross yield
Suburb 4.08%
Suburb median $673,500 from 18 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 $528/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
UnknownArea
Summerhill at a glance
3,090
People
$673,500
Median sale
$528/wk
Median rent
4.08%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Sims for PropertyWelcome to 5 Harris Street, Summerhill - the epitome of modern, low-maintenance living in a desirable locale. Nestled in a great position, this property effortlessly combines convenience with contemporary design.
Step inside and discover a haven of comfort with three generously appointed bedrooms, each boasting built-in robes for optimal storage solutions. The central bathroom is a sanctuary of relaxation, featuring a luxurious freestanding bath and a separate shower. The interiors are adorned with a soothing palette of natural colours, complemented by the beautiful polished timber flooring that flows seamlessly throughout.
The heart of the home is a luminous living space that bathes in the glow of abundant natural light. The living area harmoniously merges with the modern kitchen, creating an open area perfect for both intimate family moments and entertaining guests. The modern kitchen offers ample bench and cupboard space, as well as quality appliances that cater to your cooking desires. For added convenience, a European laundry space takes care of practicalities.
Step through the sliding doors to unveil your private outdoor oasis - a decked area that directly connects to the kitchen, facilitating a flawless transition between indoor and outdoor living. Here, you can bask in the fresh air and revel in the perfect setting for alfresco dining and relaxation. The low-maintenance exterior is accompanied by a fully fenced rear yard, ensuring both privacy and security.
Parking is a breeze with a single carport at your disposal, supplemented by additional off-street parking options. The property's location is a dream come true for families, with Summerdale Primary School within walking distance. The esteemed Prospect High and St Patrick's College are also conveniently nearby, catering to your educational needs. Embrace the convenience of nearby shopping facilities at Prospect Vale Market Place & Olde Tudor Complex, and Launceston CBD a mere 10 minutes away.
Experience modern living at its finest - secure your slice of paradise at 5 Harris Street, Summerhill. Don't miss out on this golden opportunity to elevate your lifestyle.
Currently tenanted until June 2024 at $500 per week.
- Modern, low-maintenance living;
- Abundant natural light throughout;
- Modern kitchen with quality appliances and ample space;
- Private outdoor deck space;
- Reverse cycle air conditioner.
Year Built: 1972
House Size: 105m2 approx.
Land Size: 353m2 approx.
Council Rates: $1,700 pa approx.
Water Rates: $1,100 pa approx.
Municipality: Launceston City
School Catchments: Summerhill Primary, Prospect High
Zoning: General Residential
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.
Nearby 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.