SOLD
Sold on 24 Jun 2024 for $395,000

3/127 Cambridge Street
West Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 56m2
Land area: 226m2
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Property Details for 3/127 Cambridge St, West Launceston

3/127 Cambridge St, West Launceston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 226m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in West Launceston in the last 12 months.

Building Type
Unit
Year Built
1981
Floor Size
56m2
Land Size
226m2
Local Government
Launceston
Lot/Plan
3/58137

Last Listing description (June 2022)

An excellent opportunity to enter the market! This low maintenance brick unit would be a great addition to your portfolio with a tenant already in place or can be available to move into. Situated in the popular suburb of West Launceston, it's positioned on a quiet internal block and is one of only three units.

Overview:

* A 1981 one bedroom brick unit
* Open plan kitchen with pantry
* Double bedroom with built in wardrobes
* Combined laundry and bathroom
* Convenience of electric heating
* Carport for off street parking
* Close to schools, shops, supermarkets and all city conveniences
* Only 6 minutes' drive to Launceston's CBD and Launceston General Hospital

Contact Jeremy Wilkinson for further information.

Rental return: $215 pw (lease expired)
Current estimate: $300pw
** Will require at least 48 hours for inspections**
Unit size: 56 sqm
Land size: 226 sqm
Built: 1981
Rates: $1135 pa
Council Zoning: 12.0 Low Density Residential
Council: Launceston
Heritage listed: No

**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**

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Property History for 3/127 Cambridge St, West Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$395,000
24 Jun 2024
Listed for Rent
$200/w
29 Mar 2019
  • 24 Jun 2024
    Sold for $395,000
  • 29 Apr 2022
    Sold for $285,000
  • 14 Mar 2022
    Listed for Sale Not Disclosed
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About West Launceston 7250

The size of West Launceston is approximately 3.9 square kilometres. It has 11 parks covering nearly 26% of total area. The population of West Launceston in 2011 was 4,029 people. By 2016 the population was 4,198 showing a population growth of 4.2% in the area during that time. The predominant age group in West Launceston is 40-49 years. Households in West Launceston are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Launceston work in a professional occupation. In 2011, 71.6% of the homes in West Launceston were owner-occupied compared with 68.4% in 2016.

West Launceston has 2,132 properties. Over the last 5 years, Houses in West Launceston have seen a 64.96% increase in median value, while Units have seen a 44.00% increase. As at 31 October 2024:

  • The median value for Houses in West Launceston is $634,045 while the median value for Units is $394,690.
  • Houses have a median rent of $490 while Units have a median rent of $395.
There are currently 15 properties listed for sale, and 2 properties listed for rent in West launceston on OnTheHouse. According to CoreLogic's data, 80 properties were sold in the past 12 months in West launceston.

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