SOLD
Sold on 20 May 2024 for $322,500

44 Meredith Crescent
South Launceston TAS 7249

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 726m2
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Property Details for 44 Meredith Cres, South Launceston

Building Type
Land
Land Size
726m2
Local Government
Launceston
Lot/Plan
13/75291

Last Listing description (June 2024)

An exceptional opportunity beckons at 44 Meredith Crescent, South Launceston, a rare blank canvas awaiting your vision. This vacant plot of 726 square metres presents a multitude of possibilities for families, investors, and developers alike. It is not often that such a prime piece of land becomes available so tantalisingly close to the Launceston CBD.

Nestled in a sought-after neighbourhood, this land boasts commanding views into South Launceston and across to West Launceston, providing a picturesque backdrop for what could be your dream family home. The location is ideal, situated within walking distance to the Launceston General Hospital, leafy parks for weekend picnics and the bustling heart of the city.

Families will relish the convenience of being close to a range of services, including excellent schools, ensuring a lifestyle of ease and accessibility. For investors and developers, this plot represents a golden ticket to capitalise on the strong market in Launceston (Subject to Council Approval), with the potential to create a multi-unit dwelling that blends profitability with stylish living.

With the added advantage of an established driveway, you are one step ahead in the building process. The land is poised and ready for development – a foundation from which to launch your project without delay.

This is a property where future memories can be made, investments can flourish, and dreams can be constructed. Seize the chance to own a slice of South Launceston – the potential is limitless.

Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 44 Meredith Cres, South Launceston, TAS 7249

A timeline of how this property has performed in the market
Last Sold
$322,500
20 May 2024
  • 20 May 2024
    Sold for $322,500
  • 29 Apr 2024
    Listed for Sale Offers Over $299,000
  • 12 Jul 2018
    Sold for $110,000
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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 2,427 properties. Over the last 5 years, Houses in South Launceston have seen a 60.16% increase in median value, while Units have seen a 48.54% increase. As at 30 November 2024:

  • The median value for Houses in South Launceston is $533,722 while the median value for Units is $388,106.
  • Houses have a median rent of $480 while Units have a median rent of $400.
There are currently 12 properties listed for sale, and 2 properties listed for rent in South launceston on OnTheHouse. According to CoreLogic's data, 91 properties were sold in the past 12 months in South launceston.

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