OFF MARKET

56 Gascoyne Street
Kings Meadows TAS 7249

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
Floor area: 203m2
Land area: 1040m2
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Last updated 16 Sep 2024
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Property Details for 56 Gascoyne St, Kings Meadows

56 Gascoyne St, Kings Meadows is a 4 bedroom, 3 bathroom House with 4 parking spaces and was built in 1956. The property has a land size of 1040m2 and floor size of 203m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
House
Year Built
1956
Floor Size
203m2
Land Size
1040m2
Local Government
Launceston
Lot/Plan
2/75158

Last Listing description (December 2022)

Beautifully located in the northern side of Kings Meadows, this 1950's retro style property is elevated on the edge of Sandhill with lovely views towards the mountains from the living area upstairs. It offers a large three bedroom home over three levels with loads of Art Deco features and a one bedroom self contained flat behind, providing the owner with dual income and an excellent investment opportunity.

Features:
A 1956 solid brick, Art Deco style property

Dual Income - 2 tenancies in place (see below) 5% return currently with potential for more
3 Bedrooms (all with built-in robes) in main residence + 1 Bedroom Unit
Open plan kitchen and dining, dishwasher & large oven with 5 burner gas cooktop
Mains gas ducted heating and hot water, polished timber floors
Sunny family/living area plus a large separate second living/rumpus upstairs
Quirky main bedroom with retro style built in storage, walk in robe & ensuite
Updated main bathroom with convenient separate toilet
Study/office, workshop and storage space underneath
Double carport and off street parking
Close to supermarkets, schools, shops and bus routes
Close to Kings Meadows Shopping Centre & all city conveniences
Only 7 minutes' drive to Launceston's CBD & 5 minutes' to Launceston General Hospital

Contact Jeremy Wilkinson or Anna Carling-Roddick for further information.

Rental return: 56 Gascoyne - $450pw leased until 10/2/23 & 56A Gascoyne - $225pw leased until 13/1/23
House size: 203 sqm
Unit size: 46 sqm
Built: 1956
Zoning: Low Density Residential
Council: Launceston
Council rates: $2,724 pa
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 56 Gascoyne St, Kings Meadows, TAS 7249

A timeline of how this property has performed in the market
Last Sold
$610,000
13 Sep 2022
Listed for Rent
$450/w
19 Jan 2022
  • 13 Sep 2022
    Sold for $610,000
  • 26 Jul 2022
    Listed for Rent $450 / week
  • 26 Jul 2022
    Listed for Sale Best Offer Over $599,000
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About Kings Meadows 7249

The size of Kings Meadows is approximately 5 square kilometres. It has 8 parks covering nearly 20.2% of total area. The population of Kings Meadows in 2011 was 3,371 people. By 2016 the population was 3,684 showing a population growth of 9.3% in the area during that time. The predominant age group in Kings Meadows is 20-29 years. Households in Kings Meadows are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kings Meadows work in a professional occupation. In 2011, 63.9% of the homes in Kings Meadows were owner-occupied compared with 64.6% in 2016.

Kings Meadows has 2,322 properties. Over the last 5 years, Houses in Kings Meadows have seen a 68.79% increase in median value, while Units have seen a 53.40% increase. As at 31 August 2024:

  • The median value for Houses in Kings Meadows is $531,492 while the median value for Units is $384,076.
  • Houses have a median rent of $475 while Units have a median rent of $420.
There are currently 12 properties listed for sale, and 4 properties listed for rent in Kings meadows on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Kings meadows.

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