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 › Balfour St
$1,250,000
Last sold
16 May 2025
4
Bedrooms
2
Bathrooms
5
Car spaces
1,100 m²
Land
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
$1,250,000
16 May 2025 · 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
+79.9%
Median sale
Suburb $695,000
-1.89 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 Bushby CreeseStanding proudly at the top of the esteemed Balfour Street, this charming Victorian residence offers a timeless blend of old-world charm and modern convenience complimented by breathtaking city and river views.
The grand property of palatial proportions occupies an impressive 1100m2 allotment, delivering both spacious interiors, and well-designed outdoor areas to enjoy with an abundance of sunshine.
Upon entrance, a central hallway with polished timber floors leads through the home's versatile layout with character features abound including marble and timber fireplace surrounds, high ceilings, and intricate detailing.
The expansive living room features a fireplace, window seat, and access to the sheltered verandah, creating an ideal space for both indoor and outdoor entertaining. Separate dining and living space, with cosy wood heating, open onto a private balcony with views. A comfortable home office also enjoys outdoor access and delightful views.
A well-equipped kitchen comes with good storage within quality cabinetry, and roomy countertops. A generous walk-in pantry sits adjacent, with plenty of room to also house the internal laundry, maximising space and functionality.
Comfortable accommodation comprises of four well-sized bedrooms, two inclusive of built-in wardrobes, including the master suite which comes complete with a charming, window seat. The home is well-serviced with two bathrooms, one with a bath.
Outside, a covered entertaining area is nestled within the beautifully maintained gardens, providing a private oasis for relaxation and gatherings, in addition to the two verandahs with spectacular views.
The property features fantastic off-street parking with a garage and carport, along with outbuildings for extra storage. For year-round comfort, the home offers ducted heating throughout, along with wood heating.
Occupying a coveted, elevated position with unparalleled views and expansive family living, this character-filled home provides an exceptional lifestyle setting on the city fringe.
Surrounded by premium Launceston homes, enjoy all the lifestyle advantages that have made this area such a sought after destination for generations of families. Located a short walk from the Charles Street café strip, local favourite restaurants, the Launceston General Hospital, St Georges Square, The Launceston Aquatic Centre and the Launceston CBD.
Listing description written by George Bushby, Bushby Creese — reproduced as published, not verified by Districts.