Summerhill at a glance
3,090
People
$673,500
Median sale
$528/wk
Median rent
4.08%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
TAS › Summerhill › Outram St
$752,000
Last sold
27 Feb 2025
5
Bedrooms
3
Bathrooms
6
Car spaces
948 m²
Land
317 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$752,000
27 Feb 2025 · derived via latest_sale
Local land rate: recorded House sales in Summerhill (last 5 years) with land size have a median of $743/m² of land (n=91). Districts calculation from recorded sales — not a valuation.
Summerhill at a glance
3,090
People
$673,500
Median sale
$528/wk
Median rent
4.08%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Vs Summerhill
+11.7%
Median sale
Suburb $673,500
-0.43 pp
Gross yield
Suburb 4.08%
Suburb median $673,500 from 18 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 $528/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
Summerhill at a glance
3,090
People
$673,500
Median sale
$528/wk
Median rent
4.08%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts LauncestonThis beautifully renovated five-bedroom home offers the perfect blend of space, comfort and versatility across two levels. A self-contained one-bedroom unit on the ground floor, complete with a full-sized kitchen and bathroom, provides dual income potential in excess of 6% or an ideal setup for extended families. The main residence boasts a solar power system, an expansive 82sqm living area, a modern kitchen with a walk-in pantry and gas cooking and four double bedrooms-one ideal as a home office or gym.
Step outside to a private deck perfect for entertaining, while the fully landscaped 948sqm block ensures low-maintenance living. Additional highlights include reverse cycle air conditioning, a double carport and a huge 55sqm workshop/storage area. Conveniently located just minutes from shops, schools and Launceston's CBD this home is ready to impress.
Key Features:
• A fully renovated, generously proportioned five-bedroom home spanning two levels
• An immaculate self-contained, large one-bedroom unit on the ground floor, with full size kitchen & bathroom
• Solar power system - a great time to reduce your power bills
• Dual income potential or perfect for extended families, with 5 bedrooms & 3 bathrooms in total
• Private deck off the living/kitchen for outdoor entertaining or family BBQs
• Generous 82sqm family living area
• A modern kitchen offers a walk-in pantry, gas cooktop, dishwasher & plenty of bench space/storage
• Four double bedrooms upstairs - 3 with built-in wardrobes (one also perfect for home gym/office)
• Main bedroom offers an ensuite and built-in wardrobes
• The main bathroom offers a bath, separate shower & separate toilet
• Reverse cycle air conditioning (3 units)
• Fully landscaped, established gardens on an easy to maintain 948 sqm block
• Lock-up garage, double carport and plenty of off-street parking
• Huge 55 sqm workshop/undercover storage area under
• Just a 5-minute drive to shops, supermarket & services at Olde Tudor Shopping Centre
• Close to private and public schools and all city conveniences
• Only 8 minutes' drive to Launceston's CBD
Rental estimates as separate tenancies: Up to $540pw House & Up to $300pw Unit
Rental estimate as one: Up to $620 pw
House size: upper level 162 sqm and lower level 155 sqm
Land size: 948 sqm
Built: 1974
Council: Launceston
Council Zoning: General Residential
**Harcourts Launceston 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. All measurements are approximate**
Listing description written by Jeremy Wilkinson, Harcourts Launceston — reproduced as published, not verified by Districts.