222 Charles St, Launceston is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1935. The property has a land size of 140m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in January 2021.
EXPRESSION OF INTEREST WILL CLOSE FRIDAY 29/01/2021 5PM.
Located on the cusp of Launceston culinary strip, this 1940's property couldn't be better situated. Divided into two 2 bedroom apartments close to restaurants, shops and services. A service road at the rear provides additional access to the property and vehicular parking.
both apartments are fully furnished and currently tenanted, with a combined income of in-excess of $780 p.w. Tenancies are currently month by month & each apartment is separately metered.
Opportunities like this don't come along that often. For the astute investor, this property should be considered a must inclusion to their portfolio.
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 3,721 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:
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