OFF MARKET

5/40 Abbott Street
East Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 65m2
Land area: 105m2
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Property Details for 5/40 Abbott St, East Launceston

5/40 Abbott St, East Launceston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1973. The property has a land size of 105m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
Unit
Year Built
1973
Floor Size
65m2
Land Size
105m2
Local Government
Launceston
Lot/Plan
5/111354

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 beautifully presented with a brand-new air conditioner just installed, freshly painted throughout in neutral tones and the kitchen and bathroom have already been updated, ready for you to move into.

Main Features:

North facing, low maintenance brick unit
An excellent investment with a potential rental yield of over 5.5%
Whitegoods included - fridge, washing machine & clothes dryer
• Two bedrooms, both with built in wardrobes
Open plan, updated kitchen
Updated bathroom with separate shower
Brand new reverse cycle air conditioner
European laundry, repainted throughout
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: 105 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**

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Property History for 5/40 Abbott St, East Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$700,000
01 Jul 2022
Listed for Rent
$200/w
28 Jun 2016
  • 01 Jul 2022
    Sold for $700,000
  • 13 Jun 2022
    Listed for Sale Best Offer Over $339,000
  • 12 May 2016
    Listed for Rent $200 / week
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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 1,060 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.
There are currently 10 properties listed for sale, and 2 properties listed for rent in East launceston on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in East launceston.

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