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 › Patrick Street West
$691,000
Last sold
17 Feb 2026
4
Bedrooms
2
Bathrooms
1
Car spaces
587 m²
Land
145 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
$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.
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 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 $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.
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
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 Sims for PropertyTucked 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.
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.
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