Blackmans Bay at a glance
7,979
People
$800,000
Median sale
$594/wk
Median rent
3.86%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
TAS › Blackmans Bay › Wells Pde
$1,200,000
Last sold
24 Feb 2025
4
Bedrooms
2
Bathrooms
3
Car spaces
554 m²
Land
206 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
$1,200,000
24 Feb 2025 · derived via latest_sale
Local land rate: recorded House sales in Blackmans Bay (last 5 years) with land size have a median of $1,187/m² of land (n=90). Districts calculation from recorded sales — not a valuation.
Blackmans Bay at a glance
7,979
People
$800,000
Median sale
$594/wk
Median rent
3.86%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Vs Blackmans Bay
+50.0%
Median sale
Suburb $800,000
-1.29 pp
Gross yield
Suburb 3.86%
Suburb median $800,000 from 33 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 $594/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
Blackmans Bay at a glance
7,979
People
$800,000
Median sale
$594/wk
Median rent
3.86%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Insitu Property HobartWelcome to 87 Wells Parade, Blackmans Bay – an incredible property offering an opportunity to enjoy relaxed, beachside living with magnificent views over Blackmans Bay Beach. Perfectly positioned just moments from the beach, this home combines the convenience of coastal living with the comfort of a spacious, versatile layout. With expansive views from almost every angle, it's an ideal property for those seeking a peaceful yet connected lifestyle by the water. Just sit back and take in the cruise ships, waves, dolphins, rainbows and incredible winter sunrises!
The home features a well-considered, two-level floorplan that caters to a variety of living situations, making it perfect for couples, young families, those with older children, or even extended family members. With four generously sized double bedrooms and two bathrooms, there's plenty of space for everyone to enjoy their own privacy, thanks to a design that provides easy, flexible living.
One of the standout features of this property is the large entertaining deck with spectacular views over Blackmans Bay Beach. This outdoor space is perfect for hosting gatherings, relaxing with family and friends, or simply taking in the ever-changing waterscape. The seamless connection between the extensive deck and the open plan dining, kitchen, and lounge areas creates an effortless flow from indoor to outdoor, providing the perfect setting to enjoy the beachside lifestyle.
Inside, the light-filled and inviting living spaces are complemented by an array of practical features that make this home even more appealing. The open plan living area has been designed to maximise space and comfort. For those who enjoy extra space for entertainment or relaxation, a rumpus room provides a versatile area to suit your needs, whether for games, a home office, or a quiet retreat.
The property also provides plenty of storage options and undercover parking ensures that you'll always have a secure spot for your vehicle, while also providing additional storage space for bikes, kayaks, tools, or beach gear. The home also features multiple heating options, including a pellet heater, reverse-cycle air conditioner and electric panel heaters, ensuring comfort year-round, no matter the weather.
Another great feature is the private and low-maintenance back garden. Thoughtfully landscaped with established fruit trees (mandarin, pear, apple and fig), its the perfect peaceful outdoor space to enjoy some gardening or unwind in solitude.
Located just a short distance from the amenities of Blackmans Bay, including local shops, schools, restaurants and cafes, this home provides the perfect balance of peaceful beachside living and convenience, and only a 20-minute drive to Hobart's CBD.
This exceptional property offers the perfect opportunity to enjoy a relaxed beachside lifestyle. Don't miss out on the chance to own this special property in one of Hobart's most sought-after suburbs.
Heating: Pellet heater, Reverse cycle air conditioner, panel heaters
Year built: 1971
Council rates: $2459 per annum approximately
Fixed water rates: $1148 per annum approximately
Rental estimate: $700 to $750 per week, approximately
Listing description written by Nina Schubert, Insitu Property Hobart — reproduced as published, not verified by Districts.