New Norfolk at a glance
6,455
People
$591,000
Median sale
$510/wk
Median rent
4.49%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
TAS › New Norfolk › Saddle Rd
$740,000
Last sold
15 Sept 2025
3
Bedrooms
1
Bathrooms
8
Car spaces
27,730 m²
Land
195 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
$740,000
15 Sept 2025 · derived via latest_sale
Local land rate: recorded House sales in New Norfolk (last 5 years) with land size have a median of $659/m² of land (n=115). Districts calculation from recorded sales — not a valuation.
New Norfolk at a glance
6,455
People
$591,000
Median sale
$510/wk
Median rent
4.49%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
Vs New Norfolk
+25.2%
Median sale
Suburb $591,000
-0.91 pp
Gross yield
Suburb 4.49%
Suburb median $591,000 from 43 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 $510/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
New Norfolk at a glance
6,455
People
$591,000
Median sale
$510/wk
Median rent
4.49%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Roberts Real Estate GlenorchyThis one-of-a-kind home sits high above New Norfolk on 2.7ha of secluded bushland just a stone's throw from the town centre.
Built in 2012 and occupied by the same family since, it offers panoramic, 360-degree views of New Norfolk and the Derwent Valley from the living and deck areas, features landscaped gardens including a variety of mature fruit trees, two sheds - one rustic and the other a Colorbond structure large enough to garage a motor home or caravan - and scope to build or renovate the downstairs space (STCA), currently used as a storage/garage area.
The three-bedroom home was designed and constructed by a respected local builder and features a large, two-entry bathroom, and expansive kitchen/dining/living area with incomparable views. The craftmanship and attention to detail taken during the build is clear throughout with quality fixtures, generous storage and a walk-in robe in the master bedroom.
Private and with a rural feel, this rendered, elevated home has been lovingly cared for and offers a secluded lifestyle but within a short drive of town. In terms of a semi-country setting, very little else in the Derwent Valley area compares and is a rare opportunity to enter one of Tasmania's fastest growing communities.
With the parcel of land at the rear of the block offering stunning views, there's an exciting opportunity for savvy buyers to explore the potential of building Airbnb-style accommodation (STCA). Whether it's a charming tiny home, a modern cabin, or a rustic retreat, this space could be transformed into a welcoming escape for holidaymakers seeking a peaceful getaway. Not only would this add incredible value to the property, but it also presents the perfect chance to create an ongoing stream of additional income-an ideal setup for those looking to invest or make the most of their lifestyle property.
Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy.
Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.
Listing description written by Paul Belcher, Roberts Real Estate Glenorchy — reproduced as published, not verified by Districts.