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Launceston Median Price
House$632,300
Unit$407,100
Land$298,300
The House price is 14% higher than last year.
Surrounding suburbs
Invermay$409,500
Mowbray$352,500
South Launceston$477,600
Trevallyn$556,500
West Launceston$554,700
Launceston rent price
A63-65 Elphin Road, Launceston
Sold $740,000 in Apr 2019 [Rectify]
Last Sold $680,000 in Jul 2016
Block Of Units: 6 Bed rooms 5 Bath rooms 12 Car spaces
Land size: 845 sqm | Building size: 400 sqm [Measure]
Agent: Harcourts - Launceston
Distance: 161.9 km to CBD

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Floorplan | Map | Nearby prices
Property Description:
Multiple Residency Investment
63-65 Elphin Road, Launceston
An exciting and rare opportunity to secure a multiple residency investment property, introducing 63-65 Elphin Road, Launceston. Positioned on the prestigious Elphin Road, just minutes from Launceston's CBD, this charming property has been divided into five self-contained units. The property offers duel access off Dowling Street and Elphin Road to a 12 vehicle car park and rear access to the units. Currently receiving a gross income of approximately $1,155 per week, over 7% return, this property is a secure investment. Updated kitchen's and bathrooms, spacious bedrooms and ideal location makes for an appealing rental, with long-term leases in place.
Year built: 1920
Building Size: 270m2
Land Size: 845m2
Rent Received:
63A - $255 per week
63B - $225 per week
65A - $240 per week
65B - $215 per week
65C - $240 per week
Council Rates: approx. $6,000 per annum
Water Rates: approx. $3,600 per annum
*All measurements are approximate
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Lot/Plan No: 1/91981
Lot/Plan No: 1/91981
Search neighbour's planning permit
Nearby Schools:
NameTypeRankDistance
The Launceston Preparatory SchoolPrimaryNo.6722 metres
John Calvin SchoolCombinedNo.171.7 km
Launceston CollegeSecondaryNo.21.8 km
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