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TAS › South Launceston › Patrick Street West

24 Patrick Street West, South Launceston TAS 7249

House

$691,000

Last sold

17 Feb 2026

4

Bedrooms

2

Bathrooms

1

Car spaces

587 m²

Land

145 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $691,000 (17 Feb 2026).(Recorded sale)
  • CalculationLand 587 m² against a 145 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in South Launceston (last 5 years) with land size: median $926/m² of land (n=107). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$691,000

17 Feb 2026 · derived via latest_sale

Local land rate: recorded House sales in South Launceston (last 5 years) with land size have a median of $926/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.

See the full South Launceston report →

Vs South Launceston

+4.3%

Median sale

Suburb $662,500

-0.18 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 and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$691,00017 Feb 2026
  2. Listedprice unknowncompleted2 Feb 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

TAS

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

South Launceston in one glance

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.

See the full South Launceston report →

Keep researching

  • Why South Launceston? Read the area thesis →
  • What else is on the market in South Launceston →
  • Other records on Patrick Street West →

Listing material

Listed by Sims for Property

Classic 1915 Character, Peaceful Cul-de-Sac Setting and Walk-to-City

Tucked away in a small cul-de-sac, 24 Patrick Street, South Launceston is a home that tells a story the moment you arrive. Built in the early 1910s, this charming weatherboard residence stands as a reminder of a time when homes were crafted with care, character and enduring style. The attractive front façade, framed by a welcoming porch creates a warm first impression, setting the tone for the charm that continues throughout the residence.

Stepping inside, high ceilings create a feeling of space and light, while beautiful leadlight stained glass adds colour and personality, casting soft patterns as the sun moves through the day. These original features blend effortlessly with thoughtful updates, ensuring the home feels both timeless and comfortable. The main living area forms a warm and central gathering space, flowing through to the kitchen in a layout that suits both quiet evenings and lively family moments. The kitchen itself is well equipped with quality appliances, generous storage and ample bench space, designed to handle everything from everyday meals to weekend entertaining.

The accommodation is equally appealing, with three well-proportioned bedrooms offering comfortable retreats. Each bedroom includes built-in wardrobes, while the main bedroom enjoys the added privacy of its own ensuite. The main bathroom has been stylishly renovated, featuring a walk-in shower and a freestanding bath. A separate study provides a quiet and practical space for working from home, studying or simply enjoying a peaceful corner away from the main living areas. Comfort is ensured throughout with a reverse-cycle air conditioning system in the living area, while a separate laundry and under-house storage add practical functionality for everyday needs and extra belongings.

Read the full description

Outdoor living is a natural extension of the home. A spacious deck overlooks the backyard and creates a wonderful setting for long lunches, evening barbecues or relaxed gatherings with family and friends. The yard itself is fully fenced, providing a secure and open space where children and pets can play freely. Completing the picture is a separate garage along with additional off-street parking, all safely positioned behind remote access gates for added security and convenience.

Beyond the property, the lifestyle on offer is equally compelling. From this address, it is an easy walk to the Launceston General Hospital, the CBD, local schools and the iconic Cataract Gorge, placing work, education, recreation and nature all within easy reach. 24 Patrick Street is more than just a house; it is a character filled home where history, comfort and location come together to create a truly special opportunity in South Launceston.

rental appraisal $640 - $680per week.

Year Built: 1915

House Size: 145sqm approx.

Land Size: 587sqm approx.

Council Rates: $2,000pa approx

Water Rates: $1,200pa approx

Municipality: Launceston City Council

School Catchments: Glen Dhu Primary School

Zoning: Inner Residential

Sims for Property 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.

Listing description written by Richard Sims, Sims for Property — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Dishwasher

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.