Margate at a glance
4,358
People
$860,500
Median sale
$570/wk
Median rent
3.44%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
TAS › Margate › Miandetta Dr
$1,501,000
Last sold
6 Apr 2022
5
Bedrooms
2
Bathrooms
5
Car spaces
20,700 m²
Land
287 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
$1,501,000
6 Apr 2022 · derived via latest_sale
Local land rate: recorded House sales in Margate (last 5 years) with land size have a median of $838/m² of land (n=77). Districts calculation from recorded sales — not a valuation.
Margate at a glance
4,358
People
$860,500
Median sale
$570/wk
Median rent
3.44%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Vs Margate
+74.4%
Median sale
Suburb $860,500
-1.47 pp
Gross yield
Suburb 3.44%
Suburb median $860,500 from 24 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 $570/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
Margate at a glance
4,358
People
$860,500
Median sale
$570/wk
Median rent
3.44%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Petrusma Property Sandy Bay(Note: this property is by private inspection only and offers are open and may be sold at any time from now).
Venture through the trees is this private sanctuary waiting for you and your family which is set in a dream location alongside the North West Bay River reserve only 2 km from Margate; less than 10 minutes drive to all the facilities on offer at Kingston; minutes to great beaches and just 15 minutes to Hobart.
There is certainly plenty of value with this opportunity considering building and land costs, rental yield, significant planned infrastructure projects in the pipeline and with some analysts forecasting Hobart growth out to 20%+ to end of 2023.
With a level block, fresh air, large renovated immaculate home, double garage plus double car port plus a pristine river enabling fishing and swimming, you can live the dream here - and being here is real special. With over 500m2 of useable space, you won't be spared for room!
Drive up to the charming homestead via the circular drive, and you will see the possibilities of living in such a place. Entertain on the extensive decks, stroll through the gardens to the gate by the river, and have picnics on the ancient granite lining the swimming hole. In the colder months, dine in the warmth and look through the glass to the lovely native landscape and lawns.
The beautifully presented house has multiple living areas, including a separate lounge or TV room next to the kids' bedrooms. The heart of the home is a large kitchen and elegant glassed dining area with a high octagonal raked ceiling. The orientation of the building ensures that the living areas face north so that the sun streams in to warm the floorboards which extend throughout the home.
- Enchanting homestead on around 5 acres
- Modern design with 3 living areas
- Deck wrapping around living areas, including partly covered
- Frolic in the river nearby
- Relax on the deck or in tranquil gardens
- Play in your workshop or with your horse
Get to know Margate
Margate is located 17 kms south west of Hobart. It is a little seaside village. The surrounding area is filled with vineyards, pasturelands and plenty of treed areas. It is a popular place to stop for tourists heading down towards the Bruny Island region. It is a thriving town with quite a large variety of different shops and under 20 minutes to Hobart.
With interest rates at an all-time low and over $15 billion worth of infrastructure projects in the pipeline over the next decade in Tasmania, Hobart remains a solid city to be investing in, with the central suburbs surpassing the $1m barrier. For the seventh quarter in a row, Tasmania has taken the mantle of the best-performing economy in the nation. Demand is currently high with stock levels extremely low and we encourage you to get in quick on this opportunity.
Year Built: 2000
Construction: Brick
Heating: Electric
Listing description written by Tony Dion, Petrusma Property Sandy Bay — reproduced as published, not verified by Districts.