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 › Lower Rd
$518,500
Last sold
5 June 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
831 m²
Land
143 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
$518,500
5 June 2024 · 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
-12.3%
Median sale
Suburb $591,000
+0.62 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 Petrusma Property Sandy BayBy Private Inspection.
How good is this – just 35 minutes to Hobart and close to everything locally…2 * level access dwellings ! A 2010 built brick veneer updated 3 bedroom home rented until June 2024 for $495 per week and a second updated 1 bedroom recently painted weatherboard dwelling with its own private and fenced off space (recently installed) rented at $350 per week until Oct 2024. Both are professionally managed. Near new fencing ensures both dwellings retain their own privacy.
Here is your chance to move into the main home in June 2024 and have an income coming through from your second dwelling to chip away at the mortgage (the leas at the rear will remain until Oct 2024 with the new owner). Or perhaps you'd like to keep them both rented for now or over the long term which would make for a perfect additional to your property portfolio. Or live in the front from June 2024 and then a family member can have their own independence and privacy and move into the rear in November 2024 when the lease is up…. you have plenty of options here!
The floorplan is the main home is free flowing with multiple living areas, and a central kitchen and lounge that opens to an undercover alfresco area where you can entertain family and friends whilst watching the kids play.
Accommodation consists of three bedrooms, the master elegantly designed with style and sophistication, whilst a perfectly curated children's room features customer built-in bunk beds and a rock climbing wall which will excite any child. Serviced by the family bathroom that features shower over bath combination with separate vanity and toilet.
The updated, neat and tidy auxiliary building is to the rear of the property and features a lounge, modern kitchen, bedroom and bathroom.
An inspection will certainly impress.
Key features:
-$845 per week high yield return
- Near new fencing
- Stunning upgraded home with lovely colour palette
- Cute self-contained upgraded auxiliary dwelling at the rear with private space
- Great investment opportunity
- Open plan living, beautifully designed
- Internal driveway, private and secure
- Close to all services
- Separate electricity meter for 1 bedroom dwelling
Rates per quarter: approx $440
Water per quarter: approx $380
About New Norfolk
New Norfolk is a bustling town on the River Derwent with a rich history, quality produce and pretty rural scenery just 35 minutes from Hobart.
About Hobart:
With over $28 billion worth of infrastructure projects in the pipeline over the next decade in Tasmania, plus many other projects, Hobart remains a solid city to be investing in. Tasmania is known for its pro-environmental stance, and in 2020 achieved 100% renewable energy status thanks to a combination of hydroelectricity, wind, and solar energy sources.
The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
Listing description written by Tony Dion, Petrusma Property Sandy Bay — reproduced as published, not verified by Districts.