SOLD
Sold on 23 Mar 2024 for $589,000

49 Melbourne Street
South Launceston TAS 7249

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 105m2
Land area: 620m2
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Key 2 Property
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Property Details for 49 Melbourne St, South Launceston

49 Melbourne St, South Launceston is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1900. The property has a land size of 620m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom House sold in South Launceston in the last 12 months.

Building Type
House
Year Built
1900
Floor Size
105m2
Land Size
620m2
Local Government
Launceston
Lot/Plan
1/110824

Last Listing description (April 2024)

This wonderful character home in the heart of South Launceston boasts beautiful original features which have been tastefully preserved and combined with stylish modern touches. The large land size and access from Meredith Crescent presents a highly sought-after development opportunity (STCA).

• Beautifully maintained weatherboard home in popular Melbourne Street
• Built in 1900, featuring charming original features and gorgeous street appeal – complete with a white picket fence

• Immaculately presented inside and out
• Tastefully updated kitchen and bathroom
• Wonderfully original features throughout including high ceilings, ornate fireplaces, timber floors, and stained-glass windows
• Spacious living area with cosy gas log heater
• Two generous bedrooms including a master with adjoining sunroom
• Excellent under-cove entertaining area
• Single lock-up garage
• Natural gas hot water, cooking and heating and reverse cycle air-conditioning
• Generous backyard with vegetable gardens and plenty of space for children and pets (and excellent development potential STCA)
• Rear access with right of way from Meredith Crescent (adding to the property’s strong development potential)
• Situated in the heart of South Launceston, just moments from the LGH and CBD and close to all conveniences

Tenanted until 03/01/2025 for $500 per week.

Council rates: $424 p/q approx.
Water rates: $300 p/q approx.
Building size: 145m2 approx.
Land size: 674m2 approx.
Year built: 1900

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.

Property History for 49 Melbourne St, South Launceston, TAS 7249

A timeline of how this property has performed in the market
Last Sold
$589,000
23 Mar 2024
Listed for Rent
$500/w
29 Dec 2022
  • 23 Mar 2024
    Sold for $589,000
  • 05 Mar 2024
    Listed for Sale Offers Over $599,000
  • 29 Dec 2022
    Listed for Rent $500 / 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 2,413 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 13 properties listed for sale, and 6 properties listed for rent in South launceston on OnTheHouse. According to CoreLogic's data, 96 properties were sold in the past 12 months in South launceston.

Suburb Insights for South Launceston 7249

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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.