43 Bourke StreetLaunceston TAS 7250
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.
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)
Property History for 43 Bourke St, Launceston, TAS 7250
- 23 Feb 2024Sold for $895,000
- 07 Mar 2022Listed for Sale Not Disclosed
- 05 Nov 2021Sold for $730,000
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0About 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 3,723 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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