South Launceston at a glance
4,840
People
$662,500
Median sale
$549/wk
Median rent
4.31%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
TAS › South Launceston › Norwich St
$955,000
Last sold
8 Feb 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
2,096 m²
Land
204 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
$955,000
8 Feb 2024 · derived via latest_sale
Local land rate: recorded House sales in South Launceston (last 5 years) with land size have a median of $927/m² of land (n=107). Districts calculation from recorded sales — not a valuation.
South Launceston at a glance
4,840
People
$662,500
Median sale
$549/wk
Median rent
4.31%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
Vs South Launceston
+44.2%
Median sale
Suburb $662,500
-1.32 pp
Gross yield
Suburb 4.31%
Suburb median $662,500 from 48 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Launceston Local Provisions Schedule
Zone
General Residential
120.8
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 General Residential · 120.8 (Launceston Local Provisions Schedule). Official parcel area about 1,385 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 $549/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 General Residential · 120.8 (Launceston Local Provisions Schedule). Official parcel area about 1,385 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?
KnownmediumOfficial parcel about 1,385 m² — land size can look like optionality. No 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
South Launceston at a glance
4,840
People
$662,500
Median sale
$549/wk
Median rent
4.31%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts LauncestonFeel the allure of this meticulously maintained circa 1920 solid brick and tile home, situated on 2096 sqm of land spanning two titles. Embrace the privacy and tranquility offered by established trees and gardens, creating a serene oasis. The property presents easy development potential for units (STCA) on a separate title, adding a layer of versatility. The character-rich four-bedroom home boasts four living rooms, allowing for various configurations and the separate bedroom with a mezzanine level offers flexibility as an office, rumpus, home gym, or studio. The spacious open-plan kitchen/family room, featuring timber benchtops, a double oven and a walk-in pantry, is a delightful space for culinary pursuits.
Period features such as high ceilings, fireplaces, picture rails and ornate timber fretwork enhance the home's unique charm. Two updated bathrooms, including one with a full-size bath, cater to family needs and stay comfortable year-round with reverse cycle air conditioning. The stunning gardens and paved courtyard provide an inviting outdoor retreat for all seasons and the property also includes a double remote-controlled garage. Conveniently positioned, it is central to all Launceston has to offer, near schools, supermarkets, shops and only three minutes from Launceston General Hospital or six minutes to Launceston's CBD.
Key Features:
• A beautifully maintained and majestic circa 1920 solid brick and tile home and 2096 sqm of land
• Set on two titles with established trees and gardens providing privacy and a tranquil oasis
• Easy development potential for units etc with a separate title (STCA)
• A lovely character home with four bedrooms and four living rooms (options for various configurations)
• Separate bedroom with mezzanine level could also serve as an office, rumpus, home gym or studio
• Spacious open-plan kitchen/family room featuring timber benchtops, double oven and walk-in pantry
• Options for formal and/or informal dining
• Two updated bathrooms (one with full size bath - great for families)
• Period features include high ceilings, fireplaces, picture rails, ornate timber fret work
• Reverse cycle air conditioning (2 units)
• Monitored security system
• Gorgeous gardens and a paved courtyard, sheltered from the elements for all-year enjoyment
• Double remote-controlled garage
• Well-positioned: central to all Launceston has to offer.
• Close to schools, supermarkets, shops & all city services
• Only 3 minutes to Launceston General Hospital
• Only 6 minutes' drive to Launceston's CBD & 10 minutes to Launceston Airport
Contact Jeremy Wilkinson & Nav Kaur for further information.
Rental estimate: Up to $600 pw
House size: 204 sqm
Land size: 2096 sqm (over 1/2 an acre) on 2 titles
Built: 1920
Council: Launceston City
Rates: $2,500 pa
Zoning: General Residential
**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**
Listing description written by Jeremy Wilkinson, Harcourts Launceston — reproduced as published, not verified by Districts.
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