205/3-11 Earl StreetLaunceston TAS 7250
Property Details for 205/3-11 Earl St, Launceston
205/3-11 Earl St, Launceston is a 1 bedroom, 1 bathroom Unit and was built in 1975. The property has a land size of 26m2 and floor size of 26m2. While the property is not currently for sale or for rent, it was last sold in November 2019.
Last Listing description (January 2020)
Calling all astute investors!! The opportunity to purchase a strata titled unit (with accessibility modifications) in the well established 4.5 star Best Western Hotel doesn't come along every day. With Tasmania on travel bucket lists on an international and domestic level, there has never been a better time to invest.With a long term blue chip lease (20 years) to Best Western, this property would represent a 6-7% NET return on your investment. All outgoings, including capital, are to be paid by the lessee and there is a bank guarantee in place.An added bonus is four free nights a year at the Launceston Best Western Hotel.Guests staying at the well-positioned Best Western Hotel are located close to Cataract Gorge, James Boag's Brewery and Launceston Seaport. They can enjoy local Tasmanian produce at the fantastic in-house restaurant, or enjoy a drink or two at the iconic Tram Bar, with an original tram, circa 1911.Are you ready to reap the rewards? Call Enrico for information on this exciting opportunity.
Property History for 205/3-11 Earl St, Launceston, TAS 7250
- 18 Nov 2019Sold for $310,000
- 16 Aug 2019Listed for Sale Offers over $158,000
- 05 Feb 2009Sold for $430,000
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About 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 3,722 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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