Sandy Bay at a glance
12,555
People
$1,152,500
Median sale
$548/wk
Median rent
2.47%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
TAS › Sandy Bay › Alexander St
$1,000,000
Last sold
31 Oct 2025
8
Bedrooms
3
Bathrooms
0
Car spaces
443 m²
Land
191 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
$1,000,000
31 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Sandy Bay (last 5 years) with land size have a median of $1,960/m² of land (n=64). Districts calculation from recorded sales — not a valuation.
Sandy Bay at a glance
12,555
People
$1,152,500
Median sale
$548/wk
Median rent
2.47%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Vs Sandy Bay
-13.2%
Median sale
Suburb $1,152,500
+0.38 pp
Gross yield
Suburb 2.47%
Suburb median $1,152,500 from 36 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 $548/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
Sandy Bay at a glance
12,555
People
$1,152,500
Median sale
$548/wk
Median rent
2.47%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Property CultureIn the heart of one of Hobart’s most tightly held suburbs, 54 Alexander Street offers a rare chance to secure an established share house with proven rental appeal. Just a short stroll from the University of Tasmania, local cafés, and the Sandy Bay shopping precinct, this property represents a sound and strategic investment with immediate returns of $1600/week and long-term growth potential.
Sandy Bay has long been regarded as one of Hobart’s most prestigious addresses, balancing leafy residential streets with vibrant village life. For investors, this location has the added advantage of being one of the city’s premier student accommodation hubs, where demand remains consistent year after year. Students and young professionals alike are drawn to the area for its proximity to campus, shopping, and transport links, ensuring high occupancy rates and stable income for well-positioned properties such as this.
The home itself has been designed to meet the needs of shared living (renovated to meet Class 1B standards of the NCC), with 8 bedrooms offering individual privacy while still providing spacious communal zones for everyday life. A generous living area creates a natural meeting point for tenants, while the kitchen is well-equipped to cater for group cooking. The 3 bathrooms are nicely renovated, practical and serviceable. The home is kept comfortable year-round with a large reverse-cycle air conditioner.
Outside, the property sits on a low-maintenance allotment, reducing upkeep and ensuring outgoings are kept to a minimum. Off-street parking is a rare bonus in this part of Sandy Bay, adding further tenant appeal and security. Together, these features create a property that is both functional for its current use and adaptable for future improvements.
Currently operating successfully as a share house, 54 Alexander Street is already producing strong rental returns of approx. $1600/week at full occupancy. The combination of location, practicality, and investment security makes this a standout choice for investors seeking a ready-made income stream with strong returns. The home could also be a great option for those looking to convert and renovate the property into a large family home either now or in the future.
Investor highlights include:
- Premium Sandy Bay address, moments from UTAS and Sandy Bay Village
- 8 bedrooms with communal living areas, designed for shared accommodation
- Low-maintenance block with concrete drive way and valuable off-street parking
- Consistent rental income with potential to further increase returns over time
- Strong long-term capital growth in one of Hobart’s most prestigious suburbs
Properties such as this rarely come to market, making 54 Alexander Street a compelling opportunity to step into a blue-chip suburb with an asset that delivers both today and tomorrow. Secure your position in the ever-reliable Sandy Bay rental market and enjoy the benefits of an investment that balances stability, growth, and enduring demand.
Investors should seek professional, independent investment advice and use the information provided as a guide only.
Inspections available by appointment, a minimum of 48hrs notice must be provided.
Listing description written by Colby Bauckham, The Property Culture — reproduced as published, not verified by Districts.