1/2 Elphin RoadLaunceston TAS 7250
Property Details for 1/2 Elphin Rd, Launceston
1/2 Elphin Rd, Launceston is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1990. The property has a land size of 155m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (August 2022)
Ideally located a minutes walk to many of the iconic Launceston attractions including the CBD, City Park, cafes, restaurants, essential services and public transport.
This sun-filled, corner apartment is solidly built and offers 2 bedrooms plus a turret ideal for a study or third bedroom. Generous open plan living, 2 bathrooms, sun balcony with great views, double glazing, secure garaging, separate laundry and storeroom.
Being sold fully furnished this apartment is the ideal turn key city base or a set and forget investment with a rental appraisal of $470 - $500 per week. With all of the main living on one level and visitor parking at your back door, this property is perfect for young professionals or downsizers looking for a low maintenance, inner city lifestyle.
Property History for 1/2 Elphin Rd, Launceston, TAS 7250
- 10 Feb 2022Sold for $561,000
- 04 Feb 2022Listed for Sale Offers Over $495,000
- 05 Feb 2019Listed for Rent $500 / week
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0About Launceston 7250
The size of Launceston is approximately 4.5 square kilometres. It has 13 parks covering nearly 16.4% of total area. The population of Launceston in 2011 was 2,897 people. By 2016 the population was 2,929 showing a population growth of 1.1% in the area during that time. The predominant age group in Launceston is 20-29 years. Households in Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Launceston work in a professional occupation. In 2011, 47% of the homes in Launceston were owner-occupied compared with 48.2% in 2016.
Launceston has 3,720 properties. Over the last 5 years, Houses in Launceston have seen a 53.73% increase in median value, while Units have seen a 42.25% increase. As at 31 October 2024:
- The median value for Houses in Launceston is $734,272 while the median value for Units is $497,284.
- Houses have a median rent of $480 while Units have a median rent of $430.
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