OFF MARKET

3/620 Earl Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 3/620 Earl St, Launceston

3/620 Earl St, Launceston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces.

Building Type
Unit
Local Government
Launceston

Last Listing description (February 2016)

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

Property History for 3/620 Earl St, Launceston, TAS 7250

A timeline of how this property has performed in the market
  • 15 Oct 2013
    Listed for Sale 169000

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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 3,742 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:

  • The median value for Houses in Launceston is $764,717 while the median value for Units is $492,591.
  • Houses have a median rent of $470 while Units have a median rent of $450.
There are currently 26 properties listed for sale, and 22 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Launceston.

Suburb Insights for Launceston 7250

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all liability for any loss or damage arising in connection with the data and information contained in this publication.