East Launceston at a glance
2,199
People
$880,000
Median sale
$571/wk
Median rent
3.37%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
TAS › East Launceston › High St
$1,600,000
Last sold
20 Feb 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
660 m²
Land
328 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
$1,600,000
20 Feb 2024 · derived via latest_sale
Local land rate: recorded House sales in East Launceston (last 5 years) with land size have a median of $1,416/m² of land (n=54). Districts calculation from recorded sales — not a valuation.
East Launceston at a glance
2,199
People
$880,000
Median sale
$571/wk
Median rent
3.37%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs East Launceston
+81.8%
Median sale
Suburb $880,000
-1.51 pp
Gross yield
Suburb 3.37%
Suburb median $880,000 from 15 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
East Launceston at a glance
2,199
People
$880,000
Median sale
$571/wk
Median rent
3.37%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Flanagan ResidentialThe first word that springs to mind on entering this truly magnificent home is grand. Built in circa 1910 ‘Roselea’ is a once in a lifetime prestige property and a rare gem in the Launceston sales market.
Set over two impressive levels, this extraordinary residence is filled with natural light and has spacious rooms, high ceilings and classic original features throughout. From the bold statement staircase to the beautiful leadlight in doors and windows, every area of this house has something unique and special on offer.
The floorplan is expansive to say the least, with three bedrooms along with a library that provides a fourth bedroom option if required. There are four living areas including a charming upstairs sunroom, an exquisite drawing room (formal lounge) and formal dining, with fold back doors to separate these spaces if needed. At the rear of the home is a large sitting room and an open plan kitchen and dining area, which leads out through French doors to the established leafy back garden and brick paved area. This setting is perfect to sit and enjoy a morning coffee in the sun.
The kitchen and bathrooms have deliberately been left for the next owner to make their own improvements, while the rest of the house has been meticulously updated with brand new floor coverings and freshly painted walls and ceilings. Big-ticket items such as a brand-new roof and full exterior painting have also been completed, ensuring the maintenance level here is minimal. For buyer peace of mind, a Pre-Sale Building Inspection report has already been completed and provides evidence of excellent structural integrity.
There is no doubting the house is the prize here, however the exceptional central location closely follows suit. How wonderful to have St Georges Square Park and all it offers right at the doorstep. Whether needing a barista coffee, the daily newspaper, a walk with the dog, a playground jaunt with little people, or a Friday night takeaway from the food vans, this is one special spot. Leave the car at home and either catch the bus, or easily walk down to the CBD or the Launceston Aquatic Centre in a matter of minutes.
'‘Roselea' is one not to be missed so please come along to one of the many upcoming open homes or contact Rae on 0455 445 300 to find out more.
Annual LAUNCESTON CITY COUNCIL RATES: $3,228.00
Annual TASWATER RATES $1,072.00 (+ usage)
Rental Appraisal (Property Wise, Launceston) $950 - $1050 per week
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: 518
Listing description written by Rae Smith, Flanagan Residential — reproduced as published, not verified by Districts.