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 › Wellington St
$450,000
Last sold
8 Jan 2024
4
Bedrooms
2
Bathrooms
0
Car spaces
1,145 m²
Land
290 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
$450,000
8 Jan 2024 · derived via latest_sale
Local land rate: recorded House sales in South Launceston (last 5 years) with land size have a median of $927/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
-32.1%
Median sale
Suburb $662,500
+2.03 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. 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.
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 PropertyStep into your new family sanctuary, a blend of comfort and opportunity nestled in an ideal location with effortless access to both Kings Meadows Shopping Precinct and Launceston CBD. This property unveils a world of promise.
Nestled on an expansive 1,145m2 block this spacious property has been a cherished family home for over 20 years and now time for the next lucky purchaser to create their own memories here. A great and affordable opportunity to get into the property market and while comfortable, you may envision redecorating or enhancing certain aspects-an exciting journey to truly make it your own.
One of the most alluring aspects of this property is the expansive NE-facing deck, partially sheltered for enjoyment in almost any weather, and be entranced by breathtaking views across Launceston CBD and the Tamar River. Ideal for relaxed summer evenings, family dinners and entertaining.
Upon entering the home, you are welcomed by a sheltered porch and lovely timber floors along the hallway that offers abundant storage and directs you out through French doors onto the deck.
To the right of the hallway lie three generously sized double bedrooms all with easy access to the bathroom at the end of the hall.
The sunlit lounge exudes warmth and invites relaxation and kept comfortable with a heat pump.
The kitchen, the heart of the home, is bathed in natural light and allows stunning views and a cozy fireplace for wintry nights.
The lower level offers opportunity for the savvy buyer, once being a self-contained flat. With the possibility of reinstating it for additional income (subject to council approval) a separate space for the grandparents or as it is used now an ideal teenager retreat. Offering a fourth double bedroom, a cozy sitting area, and a separate study. The vintage charm of the bathroom and the functional laundry complete the space.
Outside, a sprawling yard adorned with fruit trees and lush greenery and further entertaining space awaits, providing ample space for your creative aspirations. Endless possibilities abound!
With a rental appraisal of $480 - $500 per week this property offers a great opportunity and I look forward to showing you through.
Year Built: 1920
House Size: 290m2 approx.
Land Size: 1,145m2 approx.
Council Rates: $1,900pa approx
Water Rates: $1,200pa approx
Zoning: General Residential
Municipality: Launceston City Council
School Catchments: Glen Dhu Primary, Kings Meadows High, Queechy High
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 Georgie Roberts, Sims for Property — reproduced as published, not verified by Districts.
Also look at
92 Talbot Rd, South Launceston TAS 7249
3-bed house for sale. Asking $650K.
4 Galvin St, South Launceston TAS 7249
3-bed house for sale. Currently listed.
24 West St, South Launceston TAS 7249
3-bed house for sale. Asking $665K.
44 Meredith Cres, South Launceston TAS 7249
0-bed land. Asking $299K.