OFF MARKET

14 Erina Street
East Launceston TAS 7250

Bedrooms: 8
Bathrooms: 8
Car spaces: 4
Floor area: 430m2
Land area: 660m2
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Last updated 16 Sep 2024
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Property Details for 14 Erina St, East Launceston

14 Erina St, East Launceston is a 8 bedroom, 8 bathroom Unit with 4 parking spaces and was built in 1900. The property has a land size of 660m2 and floor size of 430m2. While the property is not currently for sale or for rent, it was last sold in April 2016.

Building Type
Unit
Year Built
1900
Floor Size
430m2
Land Size
660m2
Local Government
Launceston
Lot/Plan
3/70565

Last Listing description (October 2016)

Looking for a no brainer investment? One that not only offers an outstanding return! But is also in a prime location , one that's had all the hard work done like: new aluminium windows! New colourbond roof! Rewired! Has had all the weatherboards replaced and recently painted! And it goes without saying you would want the inside of each unit to be spot on! Well stop looking! Because this fabulous property that consists of 6x 1 bedroom units as well as 2x bedsits currently returns over $70,000p.a. and is all the above and more!
You do the maths - 8 units at approx. $85,000 each, returning on average $175 per week! Does it get any better? And all the work has already been done!

Property History for 14 Erina St, East Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$675,000
27 Apr 2016
Listed for Rent
$200/w
18 Apr 2016
  • 27 Apr 2016
    Sold for $675,000
  • 13 Apr 2016
    Listed for Sale Offers over $649,000
  • 28 Mar 2016
    Listed for Rent - Price not available
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About East Launceston 7250

The size of East Launceston is approximately 1 square kilometres. It has 3 parks covering nearly 9.1% of total area. The population of East Launceston in 2011 was 2,239 people. By 2016 the population was 2,141 showing a population decline of 4.4% in the area during that time. The predominant age group in East Launceston is 40-49 years. Households in East Launceston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Launceston work in a professional occupation. In 2011, 71.1% of the homes in East Launceston were owner-occupied compared with 68.4% in 2016.

East Launceston has 1,063 properties. Over the last 5 years, Houses in East Launceston have seen a 68.51% increase in median value, while Units have seen a 42.75% increase. As at 31 August 2024:

  • The median value for Houses in East Launceston is $890,738 while the median value for Units is $466,509.
  • Houses have a median rent of $535 while Units have a median rent of $410.
There are currently 11 properties listed for sale, and 7 properties listed for rent in East launceston on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in East launceston.

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