Launceston at a glance
3,116
People
$695,000
Median sale
$571/wk
Median rent
4.27%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
TAS › Launceston › Margaret St
$540,000
Last sold
2 Feb 2024
2
Bedrooms
1
Bathrooms
0
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$540,000
2 Feb 2024 · derived via latest_sale
Launceston at a glance
3,116
People
$695,000
Median sale
$571/wk
Median rent
4.27%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Vs Launceston
-22.3%
Median sale
Suburb $695,000
+1.23 pp
Gross yield
Suburb 4.27%
Suburb median $695,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
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
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” 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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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
$695,000
Median sale
$571/wk
Median rent
4.27%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harrison Agents LauncestonBeautifully renovated, in a prime Launceston position, this exquisite character cottage offers a compelling combination of elegantly finished interiors and light filled living spaces. Framed by a picture perfect front fence and cottage roses, the entry hall is flanked by two spacious bedrooms, one with built-in robes and sunroom. The inviting living room features an exposed brick fireplace and new kitchen with rose wood timber bench-tops. This home includes a light and bright contemporary bathroom with walk-in shower, a Tasmanian Oak vanity and premium fixtures. Two points of access are given to the rear yard including one through the modest undercover area, which is perfect for soaking up the sun, relaxing and entertaining. Plentiful period detail, polished baltic pine floors, high ceilings, evocative ceiling rose and louvre window furnishings create this beautiful abode. Perfect for city workers, down sizers or investors, this home is close to transport and walking distance to the city centre, parks, cafes, Launceston General Hospital and the Cataract Gorge. The central location lends itself the perfect opportunity for Airbnb or short term accommodation which will produce a solid return (please contact the agent for quoted projections).
- Two reverse cycle units for heating and cooling
- Tiled and hardwood timber floors throughout
- Cathedral ceilings in open plan living
- High ceilings in hallway and bedrooms
- Sunroom and built in robes in master bedroom
- Stainless steel appliances
- Floor to ceiling tiles in the bathroom with feature wall, gold tap ware, illuminated mirror
- Louvred windows in bedrooms and bathroom
- English style kitchen sink
- Additional hallway storage
Council rates - $1560 P/A
Water rates - $1000 P/A
Date of construction - Late 1800 - early 1900
Rental and Airbnb estimates - Available on request
Municipality- Launceston City Council
Zoning - General residential
The information on this website has in part been supplied to Harrison Agents Pty. Ltd. by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Pty. Ltd. has not checked the accuracy of the information and does no more than pass it on.
Listing description written by Michael Dearsley, Harrison Agents Launceston — reproduced as published, not verified by Districts.