FOR SALE
$180,000

620/3-11 Earl Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 26m2
Land area: 26m2
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Turn Key Investment Opportunity

This apartment located in Launceston's Best Western Hotel offers you great a ROI
- 6%+ NET Return
- Long-term lease to centrally located Best Western (4.5-star hotel)
- Consistent monthly returns
- Substantial depreciation benefits - reduce tax payable (seek independent advice)
- Bank guarantee in place
- 4 free nights included per year at the hotel per unit in Launceston
- Own the room on strata title
- Lease dates are current until 2033
- Controlled letting opportunities for fair tenancy
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Property Details for 620/3-11 Earl St, Launceston

620/3-11 Earl St, Launceston is a 1 bedroom, 1 bathroom Unit. The property has a land size of 26m2 and floor size of 26m2. The place is currently for sale with Peter Lees Real Estate.

Building Type
Unit
Floor Size
26m2
Land Size
26m2

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About Launceston 7250

The size of Launceston is approximately 4.5 square kilometres. It has 13 parks covering nearly 16.4% of total area. The population of Launceston in 2011 was 2,897 people. By 2016 the population was 2,929 showing a population growth of 1.1% in the area during that time. The predominant age group in Launceston is 20-29 years. Households in Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Launceston work in a professional occupation. In 2011, 47% of the homes in Launceston were owner-occupied compared with 48.2% in 2016.

Launceston has 3,747 properties. Over the last 5 years, Houses in Launceston have seen a 60.75% increase in median value, while Units have seen a 43.01% increase. As at 30 November 2024:

  • The median value for Houses in Launceston is $744,553 while the median value for Units is $514,998.
  • Houses have a median rent of $470 while Units have a median rent of $430.
There are currently 28 properties listed for sale, and 25 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 109 properties were sold in the past 12 months in Launceston.

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Suburb Insights for Launceston 7250

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Beck Routley
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Peter Lees Real Estate
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