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 › Welman St
$1,650,000
Last sold
14 Nov 2023
5
Bedrooms
2
Bathrooms
4
Car spaces
1,081 m²
Land
268 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
$1,650,000
14 Nov 2023 · derived via latest_sale
Local land rate: recorded House sales in Launceston (last 5 years) with land size have a median of $1,946/m² of land (n=59). Districts calculation from recorded sales — not a valuation.
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
+137.4%
Median sale
Suburb $695,000
-2.47 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.
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 Harcourts LauncestonExperience the timeless elegance of this 1894 period gem on coveted Welman Street. The property's curb appeal is nothing short of striking, with an enchanting formal garden that perfectly complements its elegant façade. Marvel at the intricate craftsmanship, featuring elaborate detailing, fine woodwork, soaring ceilings and stained glass, exuding an air of timeless grandeur. Situated on the periphery of Launceston's bustling CBD, relish in sweeping vistas that span the cityscape. You can embrace the convenience of being within strolling distance to an array of restaurants, entertainment venues, parks and shops.
Spanning an expansive 268 sqm, this versatile abode offers over five + bedrooms, each presenting opportunities for a home office, gym, formal dining, or creative studio. The heart of the home, a classic timber kitchen, boasts a corner pantry, large oven, double sink and dishwasher. An open-plan design seamlessly unites the kitchen, dining, and living areas with French doors out to an extensive balcony, inviting you to bask in the breathtaking panoramas. Two well-appointed bathrooms, including one with a full-size bath, ensure comfort and convenience for all residents (one on each level).
Beyond the interiors, a picturesque courtyard amidst lush gardens sets the scene for family barbecues and delightful gatherings and additional features include a convenient carport and off-street parking. Practicality meets charm with the inclusion of garden sheds and terraced landscapes. Enjoy proximity to supermarkets, esteemed schools, and an array of city conveniences. This residence transcends the ordinary, offering a fusion of historical opulence and modern living that is nothing short of exceptional.
Key Features:
• A grand 1894 period residence on coveted Welman Street
• Boasts ornate details, intricate fret work, fire places, high ceilings, original timber doors, and stained glass
• Located on the edge of the CBD with stunning views across Launceston
• Within walking distance of restaurants, entertainment, parks and shops
• Elegant street presence, complimented by the lovely established formal gardens
• 268 sqm of living space, 5+ bedrooms for versatile use e.g., office, home gym, formal dining or studio
• Classic timber kitchen features a corner pantry, large oven, double sink & dishwasher
• Open plan kitchen, dining & living room
• Lengthy balcony to enjoy the views with French door access
• Two bathrooms - one on each level (one with a full bath)
• Courtyard amongst the gorgeous gardens - perfect for family BBQs & entertaining friends
• Reverse cycle air conditioning & wood heating
• Carport and off-street parking
• Garden sheds, established terraced gardens
• Close to supermarkets, schools & all city conveniences
Contact Jeremy Wilkinson & Nav Kaur for further information.
Rental estimate: Up to $680 pw
House size: 268 sqm
Carport size: 38 sqm
Land size: 1081 sqm
Built: 1894
Council: Launceston
Council rates: $3,895 pa
Zoning: General Residential
Heritage register: 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**
Listing description written by Jeremy Wilkinson, Harcourts Launceston — reproduced as published, not verified by Districts.