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123 Lawrence Vale Road
South Launceston TAS 7249

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 202m2
Land area: 379m2
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1/19
Jan 20

Property Details for 123 Lawrence Vale Rd, South Launceston

Building Type
Commercial
Year Built
1925
Floor Size
202m2
Land Size
379m2
Local Government
Launceston
Lot/Plan
1/147735

Last Listing description (May 2019)

The property is strategically positioned on the very busy intersection of Hobart Rd, Wellington St, Meredith Cres and Normanstone Road and boasts extensive daily traffic movements. Features new roof and guttering plus new paint externally.
The title displays a footprint of approx. 380m2 and inclusive of a private and sunny rear yard area consisting of approx. 75m2.
The property is currently the home of the well known KT Electronics business who have occupied the site for many years now and also incorporates Launcestons Dyson Service Centre.

There is sufficient off street parking only meters away. Scope is there for additional income with paid external signage above STCA.
Both the long term loyal tenants have indicated their willingness to stay on although vacant possession is possible with the provision of 6 months written notice to vacate, happy to discuss further.
Contact the agent for detail.

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Property History for 123 Lawrence Vale Rd, South Launceston, TAS 7249

A timeline of how this property has performed in the market
Last Sold
$340,000
07 Jan 2020
  • 07 Jan 2020
    Sold for $340,000
  • 20 Feb 2019
    Listed for Sale $350,000 Plus GST if applicable
  • 19 Oct 2011
    Sold for $215,000
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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 2,428 properties. Over the last 5 years, Houses in South Launceston have seen a 48.97% increase in median value, while Units have seen a 58.00% increase. As at 28 February 2025:

  • The median value for Houses in South Launceston is $531,380 while the median value for Units is $410,379.
  • Houses have a median rent of $480 while Units have a median rent of $420.
There are currently 14 properties listed for sale, and 5 properties listed for rent in South launceston on OnTheHouse. According to CoreLogic's data, 89 properties were sold in the past 12 months in South launceston.

South Launceston Profile Page

What's around 123 Lawrence Vale Rd, South Launceston

123 Lawrence Vale Rd, South Launceston is in the school catchment zone for East Launceston Primary School.

Nearby Schools
Comparable Properties
Glen Dhu Primary School
0.86km
South Launceston 7249
PrimaryGovernmentP - 6Combined391 Enrolled
OneSchool Global - Launceston Campus
0.99km
Newstead 7250
CombinedNon-GovernmentCombined Enrolled
Punchbowl Primary School
1.26km
Newstead 7250
PrimaryGovernmentP - 6Combined334 Enrolled
John Calvin School
1.38km
South Launceston 7249
CombinedNon-GovernmentP - 10Combined100 Enrolled
St Thomas More's Catholic School
1.57km
Newstead 7250
PrimaryNon-GovernmentP - 6Combined307 Enrolled
Tamar Valley Steiner School
1.6km
Launceston 7250
PrimaryNon-GovernmentP - 5Combined32 Enrolled
Scotch Oakburn College
1.71km
Newstead 7250
CombinedNon-GovernmentP - 12Combined952 Enrolled
Kings Meadows High School
1.77km
Kings Meadows 7249
SecondaryGovernment7 - 10Combined537 Enrolled
Norwood Primary School
1.83km
Norwood 7250
PrimaryGovernmentP - 6Combined492 Enrolled
East Launceston Primary School
1.91km
East Launceston 7250
IN CATCHMENTPrimaryGovernmentP - 6Combined592 Enrolled

Suburb Insights for South Launceston 7249

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Market Insights
South Launceston Trends for Houses
Median Value

$531k

0.25%
View Trend
Median Growth

1.04%

View Trend
Median Rent

$480/W

1.05%
View Trend
Rental Yield

4.85%

1.89%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year (03/24 - 02/25)
South Launceston Trends for Units
Median Value

$410k

3.05%
View Trend
Median Growth

-2.97%

View Trend
Median Rent

$420/W

1.18%
View Trend
Rental Yield

5.47%

5.60%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year (03/24 - 02/25)
Neighbourhood Insights
Age

Population 4,589

0-9

 

12%

10-19

 

11%

20-29

 

17%

30-39

 

14%

40-49

 

13%

50-59

 

11%

60-69

 

9%

70-79

 

7%

80-89

 

5%

90-99

 

2%

Household Structure
Occupancy
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Disclaimer
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Tasmania data
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(a) give no warranty regarding the data's accuracy, completeness, currency or suitability for any particular purpose; and
(b) do not accept liability howsoever arising, including but not limited to negligence for any loss resulting from the use of or reliance upon the data.

Base data from the LIST © State of Tasmania http://www.thelist.tas.gov.au.
Valuations and Estimates
This estimate is provided by CoreLogic, and is based on statistical market data such as recent local sales, property size, number of bedrooms and many more factors. It comes from public data, which may be incomplete or inaccurate, and should not be used in lieu of a professional appraisal under any circumstances, including for lending purposes or in home loan applications.
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Liveability information
The Liveability Score is a rating (out of 10) provided by Propella.ai Pty Ltd as a guide about how "well-connected" properties are in certain local areas. The Liveability Score is based on statistical data about a local area in which a property is located including the distance to and number of available facilities and services (including schools, parklands, health services, shopping and public transport) (Liveability Data). The Liveability Data and Liveability Score has not been verified or confirmed by CoreLogic, is not available for all properties, and is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. Given the relative nature of the Liveability Score, propella.ai anticipate that scores for individual properties will change over time.

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