Launceston at a glance
3,116
People
$712,500
Median sale
$571/wk
Median rent
4.17%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
TAS › Launceston › Frankland St
$1,150,000
Last sold
4 May 2026
3
Bedrooms
2
Bathrooms
2
Car spaces
487 m²
Land
144 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,150,000
4 May 2026 · derived via latest_sale
Local land rate: recorded House sales in Launceston (last 5 years) with land size have a median of $1,862/m² of land (n=59). Districts calculation from recorded sales — not a valuation.
Launceston at a glance
3,116
People
$712,500
Median sale
$571/wk
Median rent
4.17%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
Vs Launceston
+61.4%
Median sale
Suburb $712,500
-1.59 pp
Gross yield
Suburb 4.17%
Suburb median $712,500 from 26 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Launceston Local Provisions Schedule
Zone
Inner Residential
120.9
Jurisdiction
Launceston
Launceston, TAS
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASZoned Inner Residential · 120.9 (Launceston Local Provisions Schedule). Official parcel area about 461 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $571/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Inner Residential · 120.9 (Launceston Local Provisions Schedule). Official parcel area about 461 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumNo material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Launceston at a glance
3,116
People
$712,500
Median sale
$571/wk
Median rent
4.17%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Thomas & Associates TasmaniaBeyond its traditional façade, the home unfolds into a series of beautifully resolved spaces. The original character has been retained and refined - high ceilings, a bay window, and a sense of proportion - before transitioning seamlessly into a light-filled contemporary extension at the rear.
Here, the home opens completely to its surroundings.
A north-facing living, kitchen and dining zone is anchored by clean lines and soft natural light, with full-width glazing drawing the garden inward. The connection to the outdoors is immediate and uninterrupted, flowing onto a sun-drenched entertaining deck and into meticulously landscaped gardens - a setting that feels both private and expansive.
Accommodation comprises three bedrooms and two bathrooms, including a beautifully appointed main suite. The finishes throughout are restrained and cohesive, allowing the architecture and orientation to take precedence.
At the rear of the property, a detached double garage is complemented by a studio-style space, offering flexibility for work or creative pursuits.
The location further elevates the offering. Within walking distance to parks, cafés and the Launceston General Hospital, the property is ideally suited to:
• Owner-occupiers seeking a refined inner-city lifestyle
• Medical professionals requiring proximity and convenience
• Buyers exploring boutique short-term accommodation or executive rental potential
This is a home that speaks to both lifestyle and investment - underpinned by a central location with a proven record of strong, consistent growth.
A considered renovation, a perfect northern aspect, and a location that continues to outperform - this is inner Launceston living at its most complete.
Key Features
• Three bedrooms, two bathrooms with refined, cohesive finishes
• Beautifully preserved character façade with bay window and period detail
• Extensively renovated and extended for modern living
• Light-filled north-facing open-plan kitchen, dining and living zone
• Seamless flow to a sun-drenched entertaining deck
• Manicured, landscaped gardens with strong indoor-outdoor connection
• Detached double garage plus flexible studio-style space
• Ideal for home office, guest accommodation or income generation
• Walking distance to Launceston General Hospital, parks and cafés
• Located in a high-demand inner-city pocket with proven sales performance
Private inspections available by request to experience this exceptional property.
For further information or to arrange your viewing, please contact Thomas Baird.
Listing description written by Thomas Baird, Thomas & Associates Tasmania — reproduced as published, not verified by Districts.