2/40 Abbott StreetEast Launceston TAS 7250
Property Details for 2/40 Abbott St, East Launceston
2/40 Abbott St, East Launceston is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1973. The property has a land size of 77m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in July 2000.
Last Listing description (February 2023)
This solid brick unit is located in the heart of East Launceston, a short walk to various cafes in Abbott and Arthur streets and a short walk to quality public and private schools. It is one of six units with direct access to Abbott Street in this sought after suburb.
Main Features:
* An excellent investment with a potential rental yield of over 5.5%
* Two bedrooms, both with built in wardrobes
* Open plan kitchen and living
* Carport & storage space underneath
* Easy walking distance to quality private and public schools,
* Close to shops, supermarkets, cafes & all city facilities
* Only 2 minutes' drive (1km) to Launceston's CBD
* Only 4 minutes' drive (1.7km) to Launceston General Hospital
Contact Jeremy Wilkinson or Conall Cassidy for further information.
Rental Estimate: Up to $370 pw
Unit size: 65 sqm
Land size: 77 sqm
Built: 1973
Rates: $1176 pa
Zoning: Inner Residential
Council: Launceston
Heritage listed: No
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
Property History for 2/40 Abbott St, East Launceston, TAS 7250
- 16 Aug 2022Listed for Sale Best Offer Over $339,000
- 14 Mar 2015Listed for Rent - Price not available
- 09 Jan 2014Listed for Rent - Price not available
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0About 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 1,059 properties. Over the last 5 years, Houses in East Launceston have seen a 63.92% increase in median value, while Units have seen a 47.53% increase. As at 31 October 2024:
- The median value for Houses in East Launceston is $867,295 while the median value for Units is $480,072.
- Houses have a median rent of $520 while Units have a median rent of $400.
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