New Town at a glance
6,802
People
$889,500
Median sale
$499/wk
Median rent
2.92%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
TAS › New Town › Forster St
$1,010,000
Last sold
5 June 2023
3
Bedrooms
1
Bathrooms
4
Car spaces
880 m²
Land
143 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
$1,010,000
5 June 2023 · derived via latest_sale
Local land rate: recorded House sales in New Town (last 5 years) with land size have a median of $1,622/m² of land (n=71). Districts calculation from recorded sales — not a valuation.
New Town at a glance
6,802
People
$889,500
Median sale
$499/wk
Median rent
2.92%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Vs New Town
+13.5%
Median sale
Suburb $889,500
-0.35 pp
Gross yield
Suburb 2.92%
Suburb median $889,500 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 $499/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 Town at a glance
6,802
People
$889,500
Median sale
$499/wk
Median rent
2.92%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Signature New TownBuyers in the $1,020,000+ price bracket should inspect.
Occupying a coveted position within one of Hobart's most desirable suburbs, this impressive circa-1930 bungalow combines enchanting old-world charm and character with contemporary comfort in the heart of New Town.
Stunning original features are showcased throughout the remarkable property, such as sky-high ceilings, character fireplaces, picture rails, and polished Tas Oak flooring. The ornate examples of the era now seamlessly blend with recent renovations, offering the very best of old meets new, immediately evident from the rich timber entrance.
Spacious family living comprises of a sumptuous lounge, with feature fireplace, and separate dining within the kitchen. Additional living space is provided within the sunroom, which extends to the sheltered entertaining deck.
The recently updated kitchen exudes sophistication, and comes fully equipped with premium appliances, ample storage within quality cabinetry, and glistening Oak timber countertops.
Comfortable accommodation comprises of three generous bedrooms, each brimming with abundant natural light and warmth. One features an original, now decorative, fireplace, and another comes complete with built-in wardrobes.
The renovated bathroom evokes luxury, with a deep bathtub, walk-in glass shower, and a vanity. A separate toilet sits adjacent. The laundry has also enjoyed a recent rejuvenation, with stunning tiles, timber benches, and ample storage.
A rarity for such a city fringe location, the property sits upon an expansive 880m2 allotment, with a near-level, fully fenced backyard. There's scope to develop further, with a potential granny flat with a building permit approved, and architectural plans available.
Within the extensive grounds, entertaining outdoors is a true delight, with a sun-soaked Merbau hardwood deck basking in the glorious afternoon sun. A paved, elevated patio with firepit area is the perfect sunset spot, and the enormous garage offers more space to spread out.
The grounds are secured by new electric gates, with ample off-street parking with the exposed aggregate driveway. Along with the double garage, two sheds are on-site for the ease of outdoor care and storage.
Ideally located to take full advantage of the numerous amenities of New Town, and surrounding suburbs of vibrant North Hobart, and growing Moonah, with abundant space and endless potential both inside and out, this remarkable home in the heart of the suburb offers a superior level of comfort and convenience in a highly sought-after setting.
• Recently renovated 1930s home where old-world meets new
• Expansive 880m2 allotment with scope to develop (STCA)
• Building permit in place for future granny flat with architectural drawings available. Power and water ready
• Multiple light-filled living spaces
• Fabulous outdoor entertaining within secure grounds
• Coveted city fringe location close to schools, shops, and services
Other key features
• Brand new bathroom and laundry
• Ducted heating
• New roof installed 2022
• Expansive storage throughout
• High ceilings
• Tas Oak flooring
The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
All timeframes and dimensions are approximates only
Listing description written by Candice Gottschalk, Harcourts Signature New Town — reproduced as published, not verified by Districts.