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TAS › Lenah Valley › Girrabong Rd

U1, 53 Girrabong Rd, Lenah Valley TAS 7008

For saleTownhouse

$575,000

For sale

Asking

2

Bedrooms

1

Bathrooms

2

Car spaces

206 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $575,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $575,000(Listing record · 24 Aug 2026)
  • CalculationAsk is 25% below the Lenah Valley median recorded sale ($770,000, n=43, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Lenah Valley's advertised median rent ($514/wk), implied gross yield would be 4.65% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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

The ask against the evidence

Asking

$575,000

Asking · $2,791/m² of land

No recorded sale for this property.

Lenah Valley at a glance

6,649

People

$770,000

Median sale

$514/wk

Median rent

3.47%

Suburb gross yield

Median sale from 43 recorded sales (last 12 months) — a Districts calculation.

See the full Lenah Valley report →

Vs Lenah Valley

-25.3%

Median sale

Suburb $770,000

+1.18 pp

Gross yield

Suburb 3.47%

Suburb median $770,000 from 43 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$575,000
Stamp Duty (Tasmania)
$21,435
Transfer/Registration Fee
$257
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$600,392

$25,392 on top of the price (4.4% extra)

  • Stamp Duty (Tasmania)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Pre-filled with Lenah Valley's advertised median rent — not a rent for this listing.

Net yield
3.15%
Annual cashflow (pre-tax)
$-11,797
Interest cover (DSCR)
0.61
Annual rent
$26,728
Operating expenses
$8,625
Loan amount
$460,000
Annual interest
$29,900
Gross yield
4.65%

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.

Open the full yield calculator →

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. Listed$575,000available24 Aug 2026

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 $514/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

Gross yield if leased at the suburb aggregate is 4.6%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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

Lenah Valley in one glance

Lenah Valley at a glance

6,649

People

$770,000

Median sale

$514/wk

Median rent

3.47%

Suburb gross yield

Median sale from 43 recorded sales (last 12 months) — a Districts calculation.

See the full Lenah Valley report →

Keep researching

  • Why Lenah Valley? Read the area thesis →
  • What else is on the market in Lenah Valley →
  • Other records on Girrabong Rd →

Listing material

Listed by Arkley & Co

Views, Space and Easy Living in a Quiet Lenah Valley Setting

Enjoying an elevated position with impressive views across Lenah Valley, towards the River Derwent and surrounding hills, 1/53 Girrabong Road is a well-maintained two-bedroom home offering a surprising sense of space, privacy and easy everyday living.

Set in a quiet cul-de-sac and one of only two detached units on the title, the property feels more like a standalone home than a traditional unit. With no active body corporate, it presents an appealing option for buyers seeking a lower-maintenance property without the feel of a larger complex.

The upper level is filled with natural light, with large windows taking full advantage of the home's elevated position. The generous living area opens directly onto a balcony, providing a lovely spot to sit and appreciate the outlook, while the adjoining dining area enjoys its own expansive views.

Read the full description

The modern kitchen is well designed with excellent cupboard and bench space, stainless steel appliances and a breakfast bar providing additional casual seating. Its position alongside the dining and living areas creates a practical, open layout that works particularly well for everyday living and entertaining.

A reverse-cycle heat pump provides year-round comfort, while double blinds throughout offer flexibility with privacy, light and temperature control.

Both bedrooms are well proportioned and include built-in wardrobes, with large windows again making the most of the elevated outlook. The bathroom offers both a separate shower and bath, while a separate laundry with external access adds further practicality.

Internal access from the garage is a secure, welcome feature, particularly during Hobart's cooler months, with additional storage available on the lower level. The garage is complemented by further off-street parking.

Outside, established gardens provide greenery and a pleasant setting without requiring the upkeep of a large block. The separation between the two detached units further adds to the sense of privacy and being fully fenced it makes for a secure oasis for pets.

Conveniently positioned within easy reach of Lenah Valley's local shops, schools, public transport and services, while Hobart's CBD is only a short drive away, this is a home that should hold broad appeal for first-home buyers, downsizers, professionals, investors or those simply looking for an easy-care property in a peaceful location.

Property highlights

Two generous bedrooms with built-in wardrobes

Elevated position with impressive suburban, mountain and water views

Light-filled living area opening onto the balcony

Separate dining area enjoying extensive views

Modern kitchen with excellent storage and bench space

Stainless steel appliances and breakfast bar

Reverse-cycle heating and cooling

Double blinds throughout

Bathroom with separate shower and bath

Separate laundry with external access

Internal access from the garage

Additional storage on the lower level

Garage plus additional off-street parking

Established, manageable garden surrounds

Quiet cul-de-sac position

One of only two detached units on the title

No active body corporate

Convenient access to Lenah Valley amenities and Hobart CBD

Well maintained, wonderfully light and with an outlook that is hard to ignore, 1/53 Girrabong Road offers a lot more than you might expect from a two-bedroom unit.

Disclaimer:

We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Listing description written by Katrina Arkley, Arkley & Co — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Dishwasher
  • Fully Fenced
  • Remote Garage
  • Secure Parking

Also look at

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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.