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TAS › Penguin › South Rd

68 South Rd, Penguin TAS 7316

House

$475,000

Last sold

4 Dec 2024

4

Bedrooms

2

Bathrooms

2

Car spaces

931 m²

Land

168 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $475,000 (4 Dec 2024).(Recorded sale)
  • CalculationLand 931 m² against a 168 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Penguin (last 5 years) with land size: median $716/m² of land (n=126). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$475,000

4 Dec 2024 · derived via latest_sale

Local land rate: recorded House sales in Penguin (last 5 years) with land size have a median of $716/m² of land (n=126). Districts calculation from recorded sales — not a valuation.

Penguin at a glance

4,239

People

$628,750

Median sale

$473/wk

Median rent

3.91%

Suburb gross yield

Median sale from 64 recorded sales (last 12 months) — a Districts calculation.

See the full Penguin report →

Vs Penguin

-24.5%

Median sale

Suburb $628,750

+1.27 pp

Gross yield

Suburb 3.91%

Suburb median $628,750 from 64 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$475,0004 Dec 2024
  2. Listedprice unknowncompleted8 July 2024

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

TAS

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $473/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Penguin in one glance

Penguin at a glance

4,239

People

$628,750

Median sale

$473/wk

Median rent

3.91%

Suburb gross yield

Median sale from 64 recorded sales (last 12 months) — a Districts calculation.

See the full Penguin report →

Keep researching

  • Why Penguin? Read the area thesis →
  • What else is on the market in Penguin →
  • Other records on South Rd →

Listing material

Listed by One Agency Burnie

Charming Home With Some Quirks!

Charming Home With Some Quirks!

A charming 1950’s home in the coveted Penguin area, this property is a true gem with its versatile floor plan, providing an array of possibilities. Enjoy the sunny living space and the use of timber and slate that give a warm, homely charm. The kitchen and bathrooms have been tastefully renovated and will surely impress. The three bedrooms all have built-ins, and you have an ensuite and large family bathroom that add to the comfort.

Sitting on approximately 931m2 this home has space and privacy from the neighbours along with a double carport, a large woodshed and double car garage that has internal access. All this equates to offering an exceptional opportunity in this sought-after town.

Read the full description

Key Features

- Charming 1950’s home in popular penguin

- 3 bedrooms all with built-ins, and 2 bathrooms

- well-appointed kitchen, dining area, separate living space and office

- a wood heater to keep you warm on those winter nights

- low-maintenance flat yard, with a double garage and easy access around the side street

– re-roofed in Colorbond

– centrally located in Penguin, close to transport and school as well as quick and convenient access to the Bass Highway for quick commuting to Burnie to the west, or Ulverstone to the East

An opportunity like this is rare so please call Matt or Gareth to book a time to view this property.

Building Size: 168m2 (approx.)

Land Size: 931m2 (approx.)

Beds: 4

Baths: 2

Garage Spaces: 2

Year Built: 1950

One Agency Burnie has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.

Listing description written by Matt Grice, One Agency Burnie — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
  • Secure Parking
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.