Margate at a glance
4,358
People
$855,000
Median sale
$570/wk
Median rent
3.47%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
TAS › Margate › Van Morey Rd
$750,000
Last sold
18 Aug 2024
3
Bedrooms
2
Bathrooms
4
Car spaces
2,097 m²
Land
141 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
$750,000
18 Aug 2024 · 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
$855,000
Median sale
$570/wk
Median rent
3.47%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Vs Margate
-12.3%
Median sale
Suburb $855,000
+0.48 pp
Gross yield
Suburb 3.47%
Suburb median $855,000 from 25 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
$855,000
Median sale
$570/wk
Median rent
3.47%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ripple RealtySet on a sizeable block with a generous floorplan, you will be impressed by this three-bedroom property situated in the popular Channel town of Margate, just 25 minutes from Hobart's CBD.
The home's potential is evident, offering a fantastic opportunity for families keen to take on some basic upgrades and create an ideal contemporary home, or for those interested in investigating the possibility of developing the site with an additional dwelling.
The living room is particularly spacious, and benefits from large windows that let in plenty of natural light and a pleasant outlook over the front garden and surrounding Margate Hills. The room also has air conditioning and a wood heater to keep you comfortable whatever the temperature outside.
A separate dining room leads through to the roomy kitchen that provides a functional work area with ample storage and bench space.
All three bedrooms have built-in storage, and the master has an ensuite and walk-in wardrobe. The central bathroom contains a shower over bath, vanity, and toilet; and there are laundry facilities with direct access outside.
A choice of covered outdoor spaces - both with lovely views over the D'Entrecasteaux Channel - make entertaining easy. There's a sheltered deck at the rear of the property, perfect for relaxed dining or quiet relaxation, as well as a second undercover area that would suit larger gatherings, or even accommodate a covered workspace.
The 2,097sqm fenced block also includes a workshop and garden shed, and off-street parking for two cars. Formerly an impressive garden filled with flourishing produce, there are still some remaining structures to protect crops from birds, which will appeal to green thumbs interested in restoring this area to its former glory. Alternatively, the relatively flat parcel of land is an optimal site for development (STCA).
Kids can walk the 500m to school or down to Margate Memorial Oval to run off some energy. Margate's shops and services - with a new retail development nearing completion - are just around the corner, as well as fabulous playgrounds, walking tracks, and nature reserves all nearby. The daily commute to central Hobart is very manageable, and all the attractions of the picturesque Channel region are within easy reach.
This substantial home in a fast-growing area will appeal to a range of purchasers, so be quick and contact Warwick today to arrange a viewing time, you won't want to miss this outstanding opportunity!
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Listing description written by Mel Shutt, Ripple Realty — reproduced as published, not verified by Districts.