FOR SALE
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18/23-27 Elouera Street
Riverside TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 46m2
Land area: 60m2
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A Fantastic Opportunity

Looking for a smart long-term investment, a high-yield Airbnb opportunity, or an entry point into the property market? This unit offers an exceptional chance to secure your future.
With privacy and low maintenance as standout features, the property boasts an open-plan living area that creates a warm, inviting atmosphere with views overlooking the Tamar River. The separate, functional kitchen adds both practicality and convenience, and the bathroom, complete with a separate shower, enhances the overall functionality of the residence.
Enjoy year-round comfort with the reverse cycle air conditioning system, ensuring a perfect indoor climate regardless of the season. The unit also includes a dedicated car space, providing both convenience and security for your vehicle.
Location is key, and this property excels. Just moments from Launceston CBD, you'll have easy access to shopping, dining, and entertainment. Riverside Plaza is a short walk away for all your daily needs, while Tailrace Park, just across the road, offers a stunning outdoor space for leisurely walks and picnics.
Don't miss this opportunity to secure unit 18/23-27 Elouera Street, Riverside. Whether you're looking for an investment or a place to call home, this unit is the complete package.
Currently rented until Jan 2025 paying $300 per week.
- Great investment opportunity;
- Low maintenance and private;
- Being sold as fully furnished;
- Great location with designated parking.
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Property Details for 18/23-27 Elouera St, Riverside

18/23-27 Elouera St, Riverside is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 60m2 and floor size of 46m2. The place is currently for sale with Sims For Property - Launceston.

Building Type
Unit
Floor Size
46m2
Land Size
60m2

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About Riverside 7250

The size of Riverside is approximately 55 square kilometres. It has 7 parks covering nearly 2.6% of total area. The population of Riverside in 2011 was 6,072 people. By 2016 the population was 6,475 showing a population growth of 6.6% in the area during that time. The predominant age group in Riverside is 10-19 years. Households in Riverside are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riverside work in a professional occupation. In 2011, 75.3% of the homes in Riverside were owner-occupied compared with 72.7% in 2016.

Riverside has 3,441 properties. Over the last 5 years, Houses in Riverside have seen a 64.30% increase in median value, while Units have seen a 30.36% increase. As at 30 September 2024:

  • The median value for Houses in Riverside is $641,551 while the median value for Units is $377,391.
  • Houses have a median rent of $480 while Units have a median rent of $405.
There are currently 34 properties listed for sale, and 5 properties listed for rent in Riverside on OnTheHouse. According to CoreLogic's data, 131 properties were sold in the past 12 months in Riverside.

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Richard Sims
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Erin O'Grady
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Sims For Property - Launceston
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