58a Ernest St, Kings Meadows is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces. The property has a land size of 7543m2 and floor size of 143m2. While the property is not currently for sale or for rent, it was last sold in July 2022.
With full Planning Approval for three premium townhouses, this is an opportunity any astute developer cannot go past.
The land has a wonderful elevated aspect, with commanding views over surrounding areas to the eastern mountains. The setting is outstanding, combining panoramic views with a low density bushland setting. This is all located in suburban Launceston on a site of over 7,500 square metres adjoining Mount Pleasant Estate!
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 2,311 properties. Over the last 5 years, Houses in Kings Meadows have seen a 64.67% increase in median value, while Units have seen a 59.48% increase. As at 30 September 2024:
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