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Asking Price
$520,000
On 5,093 properties that later sold, blending providers in narrowed typical error from 6.68% to 5.66%, and lifted the share landing within 10% of the sale price from 66.9% to 73.3%.
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Property overview
This 2-bedroom apartment at 3/480 Nelson Road in Mount Nelson, TAS 7007 is on the market at $520K, with 1 bathroom and parking for 1. It offers 75 m2 of internal living space. The apartment was built in 1982. Mount Nelson sits about 4.7 km from the CBD, where the median unit price is $560K. Council data records bushfire overlay on the site. 21 schools sit within about 5km, and the area scores 34 for walkability and 10 for transit out of 100.
A plain-language read on this listing (Strong, Monitor or Caution) drawn from its asking price, valuation gap, yield and suburb trend.
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Based on $520,000 asking signal.
Signals use available listing and suburb data. They are not personal financial advice.
- Planning overlay risk
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Mount Nelson at a glance
Unit market signals | TAS 7007
Median
$560K
Market signals
To CBD
5 km
Est. Valuation
$549,178
Potential Sell Price
Est. Rent/wk
$538
Potential Gross Yield
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Addresses, sold dates, days on market, sold vs asking spreads, plus the subject vs median verdict for each row.
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Key Highlights
Planning Overlays
Overlays Detected
Subdivision & Development Potential
Indicative assessment only. Consult your local council planning department for definitive subdivision information.
Total Cost to Purchase
- Purchase Price
- $520,000
- Stamp Duty (Tasmania)
- $19,098
- Transfer/Registration Fee
- $300
- Legal & Conveyancing (est.)
- $2,000
- Building & Pest Inspection (est.)
- $700
- Total Cash Required
- $542,098
Estimates only. Assumes investment property, standard rates. Verify with your conveyancer.
Listing Details
- Density
- Low Density
- Listed
- Last Updated
- Postcode
- 7007
- Original listing
- Original listing is on paid plans
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How accurate are AU property valuations?
Four providers benchmarked against 14,000 sold prices. MAE 6.82% to 11.24%, all biased high.
Where Australian property prices are rising and falling in 2026
Capital growth across 12,000+ tracked suburbs: WA +12%, VIC +3.9%, plus the picture in every other state.
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