9 Bifrons CourtEast Launceston TAS 7250
Property Details for 9 Bifrons Ct, East Launceston
9 Bifrons Ct, East Launceston is a 5 bedroom, 5 bathroom Unit with 5 parking spaces and was built in 1930. The property has a land size of 774m2 and floor size of 350m2. While the property is not currently for sale or for rent, it was last sold in March 2017.
Last Listing description (March 2017)
Looking for a sound centrally located investment with room for growth? Well 9 Bifrons Court, Launceston could be for you!
Located only a few minutes walk to City Park and town, these 5 x 1 bedroom apartments would make a solid addition to any rental portfolio.
The property is fully let and currently offers close to a 6% gross return but with some cosmetic work done internally and externally, this figure could jump up dramatically!
Get in fast before the market jumps and our prices are still low!
Property History for 9 Bifrons Ct, East Launceston, TAS 7250
- 20 Mar 2017Sold for $735,000
- 09 Mar 2017Listed for Sale Offers Around $745,000 Considered
- 12 Sep 2015Sold for $630,000
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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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