Melrose at a glance
No data
Median sale
No data
Median rent
No data
Suburb gross yield
$1,480,000
For sale
Asking
4
Bedrooms
2
Bathrooms
8
Car spaces
165,775 m²
Land
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
Asking
$1,480,000
Asking · $9/m² of land
No recorded sale for this property.
Melrose at a glance
No data
Median sale
No data
Median rent
No data
Suburb gross yield
$65,742 on top of the price (4.4% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Tasmania schedules from 2026-07-01. Ongoing council rates and land tax are not included.
No rent is recorded for this listing. Enter a weekly rent to model yield.
Enter a purchase price and weekly rent to calculate yield.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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 and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
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.
0 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Melrose at a glance
No data
Median sale
No data
Median rent
No data
Suburb gross yield
Listing material
Listed by Horizon Property TasmaniaPositioned in Tasmania's hidden north-west, just 15 minutes southwest of Devonport, 74 Morris Road, Melrose is the rural escape you've been searching for.
This thoughtfully designed 4 bedroom, 2 bathroom family home offers the perfect blend of modern comfort, breath taking views and endless lifestyle potential on 40 rolling acres.
• Prime Location - Peaceful Melrose setting, only 15 minutes from Devonport amenities
• Spacious Layout - 4 generous bedrooms, 2 bathrooms across two levels
• Light-Filled Living - Open-plan sitting area with bay window soaking up spectacular paddock-to-hill views
• Entertainer's Flow - Adjacent formal dining room and cosy den
• Wrap-Around Kitchen - Ample benchtops, stainless-steel appliances, abundant storage, generous pantry and garden outlook
• Practical Features - Internal access to single-car garage; separate 3-car garage + potting shed on sealed driveway
• 4kW solar system with advanced tracking to chase the sun, double glazed windows and c
• Combination of wood and electric heating + underfloor heating for those chilly winter months.
• 15,000 gallon water tank + town water
• Upstairs Retreat - 3 bedrooms with built-in robes, second bathroom and panoramic vistas from every window
• Versatile Downstairs - 4th bedroom perfect as guest suite or home office
• Expansive Grounds - Manicured fully fenced paddocks framed by untouched native eucalypts and established pines
• Blank Canvas Lifestyle - Ideal for horses, gardens, hobby farming or simply space to breathe
Watch the sun set over the Horizon and fall in love. Call and inspect today.
*Horizon Property has no reason to doubt the accuracy of this information which has been obtained from sources considered to be reliable; however, we cannot guarantee it. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.
Listing description written by Steve McCann, Horizon Property Tasmania — reproduced as published, not verified by Districts.
Nearby development applications are not loaded for this property.
Honest achievable rent
UnknownNo advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
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.