Penguin at a glance
4,239
People
$628,750
Median sale
$473/wk
Median rent
3.91%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
TAS › Penguin › West Ridge Rd
$1,370,000
Last sold
11 Mar 2026
5
Bedrooms
2
Bathrooms
4
Car spaces
21,448.339 m²
Land
282 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
$1,370,000
11 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Penguin (last 5 years) with land size have a median of $716/m² of land (n=126). Districts calculation from recorded sales — not a valuation.
Penguin at a glance
4,239
People
$628,750
Median sale
$473/wk
Median rent
3.91%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
Vs Penguin
+117.9%
Median sale
Suburb $628,750
-2.11 pp
Gross yield
Suburb 3.91%
Suburb median $628,750 from 64 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 $473/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
Penguin at a glance
4,239
People
$628,750
Median sale
$473/wk
Median rent
3.91%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Halliwell Property AgentsSet in a peaceful and private position, this outstanding lifestyle property captures spectacular coastal views across Bass Strait and as far as Table Cape. 56 West Ridge Road offers a rare opportunity to secure acreage living (approximately 5.3 acres) in the charming seaside community of Penguin.
From serene sunrises to breathtaking sunsets, this north-facing home enjoys a wonderful sense of space and seclusion, all while being just minutes from everything Penguin has to offer.
The expansive residence offers five generous bedrooms, three of which feature built-in wardrobes. The master suite is thoughtfully positioned upstairs and includes a walk-in wardrobe and private ensuite, with a conveniently located powder room nearby. A fifth bedroom or study on the upper level provides flexibility for families or those working from home.
Upstairs is where the home truly shines, boasting magnificent ocean views from the main living area as well as from the master bedroom and ensuite. This level incorporates an open-plan kitchen, dining, and living area, complemented by a separate formal lounge. A practical mudroom adds everyday convenience, while the balcony and deck create the perfect space to relax or entertain while taking in the sweeping coastal outlook-completing the upper floor.
Designed with versatility in mind, the ground floor is ideal for multi-generational living, featuring three additional bedrooms, the main bathroom, and a separate powder room. A spacious rumpus room with kitchenette provides a private living area, supported by a separate laundry and internal access to the garage.
Outdoors, the generous grounds are enhanced by a large shed and carport, offering ample undercover and off-street parking for vehicles, boats, or trailers. A private native forest on the hillside overlooks the Coastal Pathway, creating a tranquil retreat where you can hang a hammock and enjoy the soothing sound of waves rolling in below.
The property is serviced by a septic system and connected to town water.
Ideally located just a short drive from Penguin's cafés, shops, schools, and pristine beaches, this property seamlessly blends everyday convenience with coastal tranquility. Scenic walking tracks, parklands, and the stunning Bass Strait coastline are all close at hand.
Whether you're searching for a substantial family home, a sea-change retreat, or a smart investment in a tightly held location, 56 West Ridge Road offers genuine appeal, flexibility, and future potential. This is a rare opportunity to secure an exceptional lifestyle in one of Penguin's most sought-after settings.
All information provided is deemed reliable but is not guaranteed and should be independently verified. Property measurements, including square footage, room dimensions, and land size, are approximate and may vary.
Buyers are encouraged to conduct their own inspections and due diligence to confirm the accuracy of all details.
Listing description written by Renae Parker, Halliwell Property Agents — reproduced as published, not verified by Districts.