SOLD
RECENT ADVICE
Sold on 03 May 2024 for $320,000

1/15 Cridge Street
South Launceston TAS 7249

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 67m2
Land area: 137m2
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Property Details for 1/15 Cridge St, South Launceston

1/15 Cridge St, South Launceston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 137m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in South Launceston in the last 12 months.

Building Type
Unit
Floor Size
67m2
Land Size
137m2
Local Government
Launceston
Lot/Plan
1/58425

Last Listing description (May 2024)

Step into the embrace of South Launceston's charm with this delightful unit. Positioned proudly as the front residence within a quaint complex of three, this property presents an ideal investment opportunity.

Boasting two bedrooms, perfectly suited for a small family or as a lucrative rental investment. The conveniently accessible bathroom ensures ease of use for all occupants. Embrace the inviting ambiance of the open-plan living space, offering a seamless flow between the kitchen, dining, and lounge areas. Natural light floods through the windows, creating a warm and welcoming atmosphere throughout.

Step outside into your own private area, where an undercover deck space awaits to enhance your daily living experience. Perfect for savoring your morning brew or hosting small gatherings under the starlit sky during warm summer nights, this small yet inviting deck space provides a tranquil oasis right at your doorstep. Designed with convenience in mind, this undercover area offers protection from the elements while requiring minimal maintenance, allowing you to enjoy outdoor living with ease and peace of mind.

Potential rental income of $340+ per week, making it an attractive option for investors seeking a reliable return on their investment. With tenants already in place, you can enjoy immediate cash flow without the hassle of securing occupants.

Convenience is paramount with this property, benefiting from an ideal location just a brief 5-minute drive from both Launceston CBD and the Launceston General Hospital. This prime positioning not only ensures swift access to essential services but enriches your lifestyle with a multitude of shopping, dining, and recreational facilities. Whether you're in need of daily essentials, craving a culinary adventure, or seeking leisurely pursuits, everything you desire is just moments away, allowing you to embrace the vibrant lifestyle that South Launceston has to offer.

The information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.

Property History for 1/15 Cridge St, South Launceston, TAS 7249

A timeline of how this property has performed in the market
Last Sold
$320,000
03 May 2024
Listed for Rent
$320/w
27 Apr 2022
  • 02 May 2024
    Sold for $320,000
  • 10 Apr 2024
    Listed for Sale $300k - $330k
  • 01 Apr 2022
    Listed for Rent $320 / week
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About South Launceston 7249

The size of South Launceston is approximately 2.8 square kilometres. It has 8 parks covering nearly 5.4% of total area. The population of South Launceston in 2011 was 4,447 people. By 2016 the population was 4,589 showing a population growth of 3.2% in the area during that time. The predominant age group in South Launceston is 20-29 years. Households in South Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Launceston work in a professional occupation. In 2011, 54.1% of the homes in South Launceston were owner-occupied compared with 52.6% in 2016.

South Launceston has 2,414 properties. Over the last 5 years, Houses in South Launceston have seen a 56.01% increase in median value, while Units have seen a 43.01% increase. As at 31 October 2024:

  • The median value for Houses in South Launceston is $530,619 while the median value for Units is $378,810.
  • Houses have a median rent of $480 while Units have a median rent of $400.
There are currently 14 properties listed for sale, and 6 properties listed for rent in South launceston on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in South launceston.

Suburb Insights for South Launceston 7249

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Josh Schaeche
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Piper Sanders
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.