3/620 Earl St, Launceston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces.
A GREAT OPPORTUNITY TO SECURE A STRATA TITLE SUITE IN THE 4.5 STAR BEST WESTERN HOTEL IN HEART OF LAUNCESTON. WITH A NEW 10 YEAR LEASE IN PLACE AND AN APPROXIMATE NET RETURN OF 5-6%, FULL MANAGEMENT AND MAINTENANCE IS TAKEN CARE OF, THIS IS THE TIME TO GRAB A SECURE INVESTMENT FREE OF MAINTENANCE, RATES AND WATER CHARGES. IDEAL FOR SELF MANAGED SUPER FUND, THIS IS A FANTASTIC INVESTMENT OPPORTUNITY FOR YOUR FUTURE, OR HAVE THE OPTION OF LIVING IN A MODERN COMPLEX WITH MINIMUM COSTS.PROPERTY CODE: 260
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 3,742 properties. Over the last 5 years, Houses in Launceston have seen a 55.69% increase in median value, while Units have seen a 32.83% increase. As at 28 February 2025:
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