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 › Watchorn St
$550,000
For sale
Asking
3
Bedrooms
1
Bathrooms
2
Car spaces
536 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
$550,000
Asking · $1,026/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in South Launceston (last 5 years) with land size have a median of $927/m² of land (n=108). 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
-17.0%
Median sale
Suburb $662,500
+0.88 pp
Gross yield
Suburb 4.31%
Suburb median $662,500 from 48 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$24,330 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.
Pre-filled with South 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 $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.
Gross yield if leased at the suburb aggregate is 5.2%. 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.
Nearby
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 Harrison Agents LauncestonPositioned in an established and convenient pocket of South Launceston, 30 Watchorn Street offers an appealing combination of comfortable living, a manageable block and excellent access to everything Launceston has to offer. Well suited to first-home buyers, investors, downsizers or those looking for a property they can add their own touches to over time, this is a home with plenty of versatility.
The main living quarters is set across a practical single level floor plan, offering three bedrooms and one bathroom, along with comfortable living spaces designed for everyday life. The layout is straightforward and functional, creating a welcoming home that can be enjoyed as it is while still providing scope to make it your own.
The living area provides a comfortable place to relax and unwind, while the kitchen and dining spaces form the heart of the home and offer an easy connection for day-to-day living. From here, the home opens out onto a deck that takes in views across the surrounding area, creating a great extension of the living space and an ideal spot to sit back, entertain or enjoy the outlook.
Each of the three bedrooms provides flexibility for families, guests or those needing a home office, while the bathroom is conveniently positioned to service the home.
Adding to the comfort of the property, ducted heating and cooling has been installed throughout, providing convenient year-round climate control and making the home comfortable through Tasmania's changing seasons.
Downstairs adds another layer of versatility to the home, with the laundry, an additional toilet and plenty of useful storage all located on this level. There is also potential to create a wine cellar, along with an additional room that could be utilised as a second living area, rumpus room, home office or retreat, depending on your needs. This extra space provides plenty of flexibility and further enhances the practicality of the home.
Outside, the property sits on approximately 537sqm, with the grounds thoughtfully utilised to offer a great mix of entertaining and garden space. A designated outdoor entertaining area provides the perfect spot to enjoy time with family and friends, while an established vegetable garden will appeal to those who enjoy growing their own produce. With a variety of garden spaces to enjoy and tend to, the property is particularly well suited to garden enthusiasts, while still offering room for children and pets. A single car garage adds further practicality.
One of the biggest advantages of the property is its location. Positioned within easy reach of the Launceston CBD, Launceston General Hospital, Kings Meadows shopping precinct, schools, recreation grounds and everyday amenities, it offers the convenience of being close to the city while still enjoying the feel of an established residential neighbourhood.
With a practical floor plan, ducted heating and cooling, a convenient location and plenty of potential for the future, 30 Watchorn Street offers an excellent opportunity to secure a home in a popular and well connected part of Launceston.
Rental Appraisal: $560-$580 per week.
The information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.
Listing description written by Josh Schaeche, Harrison Agents Launceston — reproduced as published, not verified by Districts.