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 › Upton St
$695,000
Last sold
17 Nov 2025
4
Bedrooms
3
Bathrooms
3
Car spaces
547 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
Last sold
$695,000
17 Nov 2025 · derived via latest_sale
Local land rate: recorded House sales in Launceston (last 5 years) with land size have a median of $1,946/m² of land (n=59). Districts calculation from recorded sales — not a valuation.
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
0.0%
Median sale
Suburb $695,000
0.00 pp
Gross yield
Suburb 4.27%
Suburb median $695,000 from 27 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
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 Sims for PropertyPerched in the heart of Launceston, 34 Upton Street presents a rare and unique investment opportunity in an unbeatable location. This well-maintained property comprises three self-contained units on a single title. With a total rental income of approximately $890 per week and a return of over 6% approx. this property represents a solid and reliable investment with immediate income and strong long-term potential.
The property consists of two one-bedroom units and one two-bedroom unit, and thoughtfully designed to offer comfortable, functional living spaces.
Unit 1 features a large bedroom with a built-in robe, a spacious lounge, and a sunlit kitchen that captures a lovely outlook across Launceston. The layout also includes a neat & tidy bathroom and a separate laundry, ensuring practicality for everyday living. This unit is equipped with parking with a garage for the added convenience.
Unit 2 offers two generous bedrooms, a separate lounge and kitchen area, and the advantage of a fully fenced yard - perfect for added privacy or outdoor enjoyment. This unit also includes gas hot water and a dedicated off-street parking space.
Unit 3 has recently been updated with new carpet and a fresh coat of paint throughout, creating a bright and inviting environment. It includes one bedroom, a neat bathroom, and a functional kitchen fitted with quality appliances. The kitchen adjoins to the comfortable living space.
Overall, the property has undergone significant upgrades, with full rewiring and a roof replacement completed within the past ten years, offering peace of mind for future owners. each unit has its hot water system. The location is exceptional - within walking distance to the Launceston General Hospital, city parks, and the Launceston CBD, making it highly desirable for tenants and ensuring consistent rental demand.
Whether you're an investor looking to expand your portfolio or seeking a property with excellent income potential in an outstanding position, 34 Upton Street offers a rare and rewarding investment opportunity in the heart of Launceston.
Rental income
Unit 1 - $290 per week until July 2026
Unit 2 - $320 per week until June 2026
Unit 3 - $280 per week until April 2026
Built: 1920
Land size: 547m2 approx.
Water rates total: $3,000pa approx.
Council rates: $4,205.42pa approx.
Zoning: Inner Residential
School catchments: West Launceston Primary School & Launceston College
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.