SOLD
Sold on 23 Feb 2024 for $895,000

43 Bourke Street
Launceston TAS 7250

Bedrooms: 3
Bathrooms: 3
Car spaces: 4
Floor area: 158m2
Land area: 367m2
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Property Details for 43 Bourke St, Launceston

43 Bourke St, Launceston is a 3 bedroom, 3 bathroom House with 4 parking spaces and was built in 1900. The property has a land size of 367m2 and floor size of 158m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom House sold in Launceston in the last 12 months.

Building Type
House
Year Built
1900
Floor Size
158m2
Land Size
367m2
Local Government
Launceston
Lot/Plan
1/219904

Last Listing description (July 2023)

A full renovation of this beautiful 1870's Victorian Terrace has been undertaken with a fine eye for detail (all building certification available upon request). This inner-city home has retained its period features while also providing contemporary elements and modern comforts. This property is a short walk to Cataract Gorge, Seaport, parks, cafes, restaurants and Launceston CBD.

The property is currently used as a family home. However, the two levels can also be separated into self-contained accommodation, via an internal lockable door. There are separate entrances for both levels with separate and ample parking. Both levels have separate full kitchen, dining, living, bedroom(s), bathroom(s), balcony/verandah and outdoor space.

Moxxi Property Management (a reputable and well-established short stay accommodation provider) have provided valuations for both 'units' (available upon request) and they are currently organizing to add them to their portfolio. They have estimated a conservative annual gross return ranging from 8% - 8.5%.

The property has dual street frontages. There is off-street parking for four cars with one space being a single car garage. The garden has been professionally landscaped providing north facing entertaining spaces with views to the Tamar River and the CBD of Launceston.

The flexible floor plan includes:
3 or 4 bedrooms
3 or 4 living/dining spaces
2 fully equipped kitchens with new appliances
3 fully renovated bathrooms (2 with heated floors)
2 north facing balconies (both with Tamar River views)

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Property History for 43 Bourke St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$895,000
23 Feb 2024
Listed for Rent
$375/w
29 Jan 2018
  • 23 Feb 2024
    Sold for $895,000
  • 07 Mar 2022
    Listed for Sale Not Disclosed
  • 05 Nov 2021
    Sold for $730,000
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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 3,747 properties. Over the last 5 years, Houses in Launceston have seen a 60.75% increase in median value, while Units have seen a 43.01% increase. As at 30 November 2024:

  • The median value for Houses in Launceston is $744,553 while the median value for Units is $514,998.
  • Houses have a median rent of $470 while Units have a median rent of $430.
There are currently 28 properties listed for sale, and 25 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 109 properties were sold in the past 12 months in Launceston.

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