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 › Charles St
$1,100,000–$1,200,000
For sale
Asking range
4
Bedrooms
3
Bathrooms
0
Car spaces
290 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
Asking
$1,100,000–$1,200,000
Asking range · $3,793/m² of land
No recorded sale for this property.
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
+58.3%
Median sale
Suburb $695,000
-1.57 pp
Gross yield
Suburb 4.27%
Suburb median $695,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$48,642 on top of the price (4.4% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Tasmania schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Launceston's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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.
Gross yield if leased at the suburb aggregate is 2.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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 Key2 PropertyWhether you're looking to strengthen your investment portfolio, create multiple income streams or secure a landmark property in one of Launceston's most sought-after locations, 271-273 Charles Street presents an exceptional opportunity.
Positioned just 50 metres from the Launceston General Hospital and in the heart of the city's vibrant café and restaurant precinct, this heritage-listed property comprises three separate dwellings on one title, each with its own private entrance. Two of the residences are offered fully furnished, providing immediate flexibility for a range of investment strategies.
The prominent front residence at 273 Charles Street offers two generous bedrooms with built-in robes, an updated kitchen and bathroom with quality appliances, reverse cycle air conditioning with additional electric heating, and low-maintenance surroundings. Whether retained as an investment, owner occupied or incorporated into a commercial venture (STCA), it adds further versatility to this unique offering.
With strong potential for short-term accommodation (STCA), long-term rental income, professional consulting rooms, offices or even a café (STCA), the possibilities are extensive. Alternatively, live in one of the residences while generating income from the others, or explore the opportunity to restore this beautiful period property into one grand inner-city home.
Offering flexibility, character and outstanding earning potential in a blue-chip location, opportunities like this are rarely available.
Features:
- Three separate dwellings on one title, each with its own private entrance
- Two residences offered fully furnished
- Outstanding opportunity for short-term accommodation (STCA) or long-term rental income
- Prominent front residence featuring two bedrooms with built-in robes
- Updated kitchen and bathroom with quality appliances
- Reverse cycle air conditioning plus additional electric heating
- Suitable for medical consulting rooms, offices or hospitality use (STCA)
- Opportunity to live in one residence while generating income from the others
- Potential to restore the property into one grand heritage home
- Shared low-maintenance garden requiring minimal upkeep
- Located approximately 50 metres from the Launceston General Hospital
- Walking distance to cafés, restaurants, shopping, public transport and the Launceston CBD
- Heritage-listed property in a tightly held inner-city location
- Permit street parking only
Land size: 290m2 approx.
Building sizes: Unit 1 – 85m2 approx. Unit 2 – 65m2 approx. Unit 3 – 55m2 approx.
Year built: 1900
Water rates: $800 p/q approx (all units occupied)
Council rates: $1200 p/q approx
Rental information:
Main unit - Rental estimate of $500 per week approx.
Unit 1 - Currently tenanted until May 2027 at $415 per week.
Unit 2 - Currently tenanted until September 2027 at $285.00 per week with an increase to $310 per week starting from 7/9/2026.
Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations
Listing description written by Ananda & Kate, Key2 Property — reproduced as published, not verified by Districts.