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 › Melrose Ct
$1,820,000
Last sold
20 Nov 2024
5
Bedrooms
2
Bathrooms
2
Car spaces
587 m²
Land
282 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
$1,820,000
20 Nov 2024 · derived via latest_sale
Local land rate: recorded House sales in Sandy Bay (last 5 years) with land size have a median of $1,960/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
+57.9%
Median sale
Suburb $1,152,500
-0.90 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 Elders Real Estate HobartPrivately positioned amongst verdant surrounds in a sought-after pocket of Sandy Bay, this spacious family home is light-filled, warm and inviting. A flexible floorplan offers up to five bedrooms and accommodates multiple living spaces, and a recent contemporary renovation complements the elegant lines of the home's circa 1968 construction.
Expansive open plan living overlooking the River Derwent forms the heart of the home. Comprising the galley style kitchen with quality appliances and butler's pantry, dining and living room with window seat and cosy wood heater, this is a place where the whole family can be together.
The private master suite with water views is also located on the entry level and has a large walk-in wardrobe and ensuite bathroom with double vanity and a deep free-standing tub and separate shower. A further bedroom with built-in wardrobes, powder room and laundry complete the floorplan on this floor.
The staircase to the lower level reveals two further bedrooms with built-in wardrobes, serviced by a central family bathroom, a fifth bedroom or home office, and a rumpus. French doors open onto a sunny north facing terrace to create seamless indoor/outdoor living.
A combination of reverse cycle air conditioning and wood and electric panel heating ensure year-round comfort. Capacious sub-floor storage and a security system add amenity and solar panels, and solar hot water enhance the home's energy efficiency.
Surrounded by established easy care gardens, the fully fenced back yard is safe for children and pets to play. Undercover off-street parking is provided for at the front of the property with a double carport.
Located in a quiet cul-de-sac close to excellent schools, and within easy walking distance of popular deli and café Blac Fig, the recreational precinct of Nutgrove Beach and Royal Yacht Club of Tasmania and UTAS, this is an exceptional opportunity to acquire a well-designed, tastefully renovated family home and an enviable lifestyle and address.
Listing description written by Abi Freeman, Elders Real Estate Hobart — reproduced as published, not verified by Districts.