George Town at a glance
4,972
People
$465,050
Median sale
$410/wk
Median rent
4.58%
Suburb gross yield
Median sale from 86 recorded sales (last 12 months) — a Districts calculation.
TAS › George Town › Targett Ave
$540,000
Last sold
11 Apr 2026
3
Bedrooms
1
Bathrooms
1
Car spaces
683 m²
Land
98 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
$540,000
11 Apr 2026 · derived via latest_sale
Local land rate: recorded House sales in George Town (last 5 years) with land size have a median of $510/m² of land (n=101). Districts calculation from recorded sales — not a valuation.
George Town at a glance
4,972
People
$465,050
Median sale
$410/wk
Median rent
4.58%
Suburb gross yield
Median sale from 86 recorded sales (last 12 months) — a Districts calculation.
Vs George Town
+16.1%
Median sale
Suburb $465,050
-0.63 pp
Gross yield
Suburb 4.58%
Suburb median $465,050 from 86 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 $410/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
George Town at a glance
4,972
People
$465,050
Median sale
$410/wk
Median rent
4.58%
Suburb gross yield
Median sale from 86 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Peter Lees Real EstatePositioned in a quiet pocket of George Town, 7 Targett Avenue presents a well-maintained home where comfort, practicality, and recent improvements come together to create an appealing lifestyle or investment opportunity.
Set on a generous 683sqm (approx.) block, the home, originally built in 1976 and now render over brick, offers three bedrooms, one bathroom, and a welcoming interior enhanced by stunning hardwood flooring, complemented by carpet in select areas for added comfort.
The home has seen a range of meaningful upgrades, including new fencing, and guttering, along with the addition of solar panels (8 in total) and an inverter adding further efficiency to the home. Electric heating is also in place, while the kitchen is fitted with reliable Westinghouse appliances.
Outside, the property continues to impress. Beautifully manicured gardens create a private and inviting setting, complete with established fruit trees. A newly built pergola provides a fantastic outdoor entertaining space, ideal for gatherings or quiet afternoons at home. High fencing surrounds the property, offering both security and privacy.
Practical features include a single car garage with power with additional storage room, along with full connection to mains water, sewage, and electricity.
Currently owner-occupied, the property also presents an investment opportunity, with a rental appraisal of $490–$500 per week.
Property Features:
3 bedrooms, 1 bathroom
Built in 1976, rendered over brick
Land size: 683sqm (approx.)
Stunning hardwood flooring plus carpet
Wood & electric heating
New fencing, and guttering
Westinghouse appliances
8 solar panels with inverter
Beautifully maintained gardens with fruit trees
New pergola for outdoor entertaining
Single garage with power and storage room
Zoned General Residential
Rental appraisal: $490–$500 per week
Rates $2000 p.a approx
About George Town:
Located in the coastal town of George Town, this property benefits from a relaxed seaside setting while still offering essential amenities. The area includes local shops, supermarkets, schools, medical services, and recreational facilities, along with nearby beaches and riverfront spaces.
Just 45 minutes from Launceston, George Town provides a convenient connection to a major regional centre while maintaining a quieter pace of life.
*Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.
Boundary lines are indicative only.
Listing description written by Beck Routley, Peter Lees Real Estate — reproduced as published, not verified by Districts.