63-65 Elphin RoadLaunceston TAS 7250
Property Details for 63-65 Elphin Rd, Launceston
63-65 Elphin Rd, Launceston is a 6 bedroom, 5 bathroom Unit and was built in 1920. The property has a land size of 845m2 and floor size of 400m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (January 2022)
Introducing 63-65 Elphin Road, an exciting and rare opportunity to secure a multiple-residency investment. Positioned on the prestigious Elphin Road, just minutes from Launceston's CBD, this charming property has been divided into five self-contained units. The property offers a 10-vehicle car park and currently receives a gross income of $1,305 per week, proving an excellent return. This property is a secure investment. Updated kitchens and bathrooms, spacious bedrooms and an ideal location makes for an appealing rental, with long-term leases in place.
Year built: 1920
Land Size: 845m2
Rent Received:
63A - $300 per week
63B - $245 per week
65A - $265 per week
65B - $240 per week
65C - $255 per week
Yearly - $67,860
Council Rates: approx. $6,000 per annum
Water Rates: approx. $3,600 per annum
Property History for 63-65 Elphin Rd, Launceston, TAS 7250
- 12 Nov 2021Sold for $1,200,000
- 17 Sep 2021Listed for Sale Best Offer Over $1.2 Million
- 12 Mar 2019Sold for $72,500
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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 3,721 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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