311/3-11 Earl StreetLaunceston TAS 7250
Property Details for 311/3-11 Earl St, Launceston
311/3-11 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 December 2018.
Last Listing description (January 2019)
Located in the heart of Launceston, this is the perfect set and forget investment opportunity, not only offering a great return but also in a great booming industry at the moment! Offering 26sqm, fully furnished hotel room with own bathroom.
The apartment is serviced daily by the well recognised global hotel chain 'Best Western' and offers approximately 7%+ return on a monthly basis. You also enjoy 4 nights free stay on an annual basis.
Not only is this apartment just blocks away from the central mall of the Launceston shopping centre, it's also just a 10 minute walk from the Launceston Aquatic Centre and a 15 minute walk to the Launceston Seaport, which offers a range of restaurants, bars and cafes. The iconic Launceston Gorge is also just a 5 minute drive or a comfortable, flat 20 minute walk. Other Launceston attractions, such as James Boag's Brewery and Aurora Stadium (home of the Tassie Hawks) are also within walking distance.
Property History for 311/3-11 Earl St, Launceston, TAS 7250
- 04 Dec 2018Sold for $142,500
- 18 Jan 2018Listed for Sale Not Disclosed
- 13 Aug 2007Sold for $150,000
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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 3,721 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.
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