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 › Frankland St
$550,000
Last sold
31 Mar 2023
2
Bedrooms
1
Bathrooms
1
Car spaces
212 m²
Land
85 m²
Building
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
$550,000
31 Mar 2023 · 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
$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
-20.9%
Median sale
Suburb $695,000
+1.13 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 Flanagan ResidentialThis 1890 historic gem is currently a short-term holiday rental ($910 per week) located within a stone’s throw of the Launceston General Hospital. With the charm of yellow weatherboards this quaint cottage generates a healthy annual return and is predominantly booked by visiting medical staff. ‘Little Yellow’ is being sold fully furnished and self contained (walk out/walk in) or can be purchased by an owner occupier as it has been previously enjoyed for many years.
The floorplan here is compact, however it comes as a pleasant surprise with each room being a substantial size. There are two spacious double bedrooms, a comfortable lounge and a light filled dining area with an impressive pressed tin ceiling. The sun filled kitchen is basic but functional and leads through a laundry room into the bathroom with shower, vanity and toilet.
There is a paved courtyard and an undercover area at the back perfect to enjoy a morning coffee. The block is relatively low maintenance but with the lovely leafy addition of well-established trees and garden beds. A timber shed/workshop with plumbing completes the picture.
Off-street parking is available for one vehicle and Launceston City Council have indicated there may be potential to extend the back of the house or build a garage (STCA).
22 Frankland Street is brilliantly located in a most peaceful pocket but still within close walking distance to some of Launceston’s most popular cafes and restaurants, along with Princes Square Park, the Aquatic Centre and CBD.
‘Little Yellow on Frankland’ offers a tangible feeling of yesteryear and is one not to be missed so give Rae a call today to find out more.
A Pre-Sale Building Report has already been completed for buyer convenience.
Annual LCC rates: Approx $1,227.39
Annual Taswater rates: Approx $1,064.00
Annual rent revenue: $29,255.34 (2021/2022 FY)
Current weekly rent: $910 per week short term
Rental Appraisal (Property Wise Launceston) - $420.00-$460.00 per week long term
Flanagan Residential provides this information from third parties as a convenience to you and recommends prospective purchasers carry out their own enquiries and seek legal advice with respect to the property information provided.
Property Code: 450
Listing description written by Rae Smith, Flanagan Residential — reproduced as published, not verified by Districts.