OFF MARKET

3/47-49 Elphin Road
Launceston TAS 7250

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 107m2
Land area: 161m2
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Property Details for 3/47-49 Elphin Rd, Launceston

3/47-49 Elphin Rd, Launceston is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1930. The property has a land size of 161m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
House
Year Built
1930
Floor Size
107m2
Land Size
161m2
Local Government
Launceston
Lot/Plan
3/109479

Last Listing description (August 2022)

The Lido Boutique Apartments have been an icon of Launceston's landscape and one of the finest examples of Art Deco Architecture since 1930. Here is a fantastic opportunity to secure yourself enviable piece of real estate in a prime location!

This solid and spacious apartment is ground floor with easy access. Offering a sunny easterly aspect with mountain views, there is a large living space and dining with adjoining balcony, functional kitchen, master with ensuite, generous 2nd bedroom with dual access to the main bathroom, 3rd bedroom or home office and euro laundry. Unit 3 also benefits from a single garage, external storage room and courtyard.

With an idyllic central location, an easy stroll to the CBD, City Park, shopping centres, Tennis Centre, Launceston Aquatic and Farmers Market. Currently leased at $450 per week until July with an excellent tenant in place, with other units used as Air BNB in the complex.

Unit 3/47-49 Elphin Rd at a glance:
Iconic example of 1930s Art Deco
Solid and spacious 3 bedroom unit
2 generous bathrooms
Separate courtyard and balcony
Single garage plus storage room

Additional Information:
Rates: Approx $1,990 per annum
Water: Approx. $1,000 per annum
Body corporate fees: Approx $2,700 per annum - includes building and strata insurance, common ground maintenance, etc.
This property is registered with the Tasmanian Heritage Council, reference THR4175

Roberts Real Estate has made all reasonable efforts to obtain information regarding this property from industry and government sources that are deemed to be both reliable and factual; however, we cannot guarantee their complete accuracy in every instance. Prospective purchasers are advised to carry out their own investigations to ensure the property satisfies their suitability/usage requirements. All measurements are approximate.

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Property History for 3/47-49 Elphin Rd, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$540,000
01 Jul 2022
Listed for Rent
$450/w
28 Jun 2021
  • 01 Jul 2022
    Sold for $540,000
  • 23 May 2022
    Listed for Sale Offers Over $495,000
  • 04 Jun 2021
    Listed for Rent $450 / week
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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 3,721 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:

  • 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.
There are currently 31 properties listed for sale, and 30 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Launceston.

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