OFF MARKET

404/3-11 Earl Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 29m2
Land area: 30m2
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Property Details for 404/3-11 Earl St, Launceston

404/3-11 Earl St, Launceston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 30m2 and floor size of 29m2. While the property is not currently for sale or for rent, it was last sold in December 2018.

Building Type
Unit
Year Built
1975
Floor Size
29m2
Land Size
30m2
Local Government
Launceston
Lot/Plan
404/151040

Last Listing description (January 2019)

Located in the heart of Launceston just metres from the city centre we have a fantastic investment opportunity to purchase a strata titled unit offering high yield low risk investment in an iconic Launceston Hotel. Due to a long term blue chip lease (20 years) in place with the world-renowned Best Western hotel chain maintaining a 4.5 star rating.
The numbers really stack up on this one with the tenant responsible for all maintenance of the room and building, nightly letting of the room, paying of all outgoings and all for a small monthly % amount leaving you with an average of a massive 6 to 7 % net annual return with dividends that are paid to you monthly you even get 4 free nights at the complex per year to enjoy.
Putting this all together this could be your next great investment opportunity for the savvy investor and a welcomed low risk investment opportunity for a balanced portfolio. To discuss in more detail or for more information give Deb or Robert a call today.

Property History for 404/3-11 Earl St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$142,500
04 Dec 2018
  • 04 Dec 2018
    Sold for $142,500
  • 16 Nov 2018
    Listed for Sale $156,000 $156,000
  • 17 Apr 2012
    Listed for Sale 149000
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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 54.95% increase in median value, while Units have seen a 38.72% increase. As at 31 January 2025:

  • The median value for Houses in Launceston is $745,987 while the median value for Units is $503,014.
  • Houses have a median rent of $475 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, 110 properties were sold in the past 12 months in Launceston.

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