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 › Red Chapel Ave
$1,100,000
Last sold
17 Aug 2024
3
Bedrooms
1
Bathrooms
2
Car spaces
607 m²
Land
135 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
$1,100,000
17 Aug 2024 · derived via latest_sale
Local land rate: recorded House sales in Sandy Bay (last 5 years) with land size have a median of $1,973/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
-4.6%
Median sale
Suburb $1,152,500
+0.12 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.
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 Harrison Agents HobartBuilt in 1958, this three bedroom brick home is full of potential and just waiting for a new lease of life. Its current owners while enjoying a number of comfortable years living in the property until the mid-2010s, updated the kitchen and bathroom. It is now the ideal time for new owners to purchase this prime piece of Sandy Bay real estate with stunning views across the Derwent River to the Eastern Shore, and to bring it into the 21st Century.
Situated on the crest of the hill at the top of one of Sandy Bay's premier avenues, the home not only enjoys the panorama of river and hills, but also the benefit of all day sunshine. The semi-open plan living room, dining room and kitchen extend across the north-north-eastern side of the house attracting sun for most of the day, while the rear of the property is flooded with sunshine in the afternoons. A modification incorporating the current laundry and kitchen would easily accommodate this afternoon sun into the living areas and give direct access to the attractive, level, paved outdoor entertaining area. Three double bedrooms with built-in robes and a family bathroom complete the home, the primary bedroom also enjoying river views.
Being on a sloping block, the elevated position of the house allows for a large concrete floored garage and storage area underneath that can accommodate two cars as well as a workshop and/or storage area. An electronic tilt-a-door gives access from the driveway and a secure single door is at the rear of the space. The garden has been neatly and easily maintained over the years with the option for the new owners to continue the status quo or to modify with their own landscaping ideas.
The location of this property is paramount. It not only has views and sunshine, but is situated a mere two minutes' walk from the nearest regular bus service and stop, and has easy access to the Sandy Bay shopping precinct and the Sandy Bay campus of UTAS via either Churchill Avenue or Sandy Bay Rd. The yacht clubs and other marine activities of Marieville Esplanade are a short drive away, as are the recreational grounds, sailing and croquet clubs, shops and beaches of Lower Sandy Bay. Having been rented for a number of years, this is a property in waiting – to be revamped and restyled to suit 21st Century living.
Listing description written by Nick Brewer, Harrison Agents Hobart — reproduced as published, not verified by Districts.