West Launceston at a glance
4,336
People
$705,000
Median sale
$527/wk
Median rent
3.89%
Suburb gross yield
Median sale from 41 recorded sales (last 12 months) — a Districts calculation.
TAS › West Launceston › Penny Ln
3
Bedrooms
3
Bathrooms
4
Car spaces
1,496 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in West Launceston (last 5 years) with land size have a median of $861/m² of land (n=107). Districts calculation from recorded sales — not a valuation.
West Launceston at a glance
4,336
People
$705,000
Median sale
$527/wk
Median rent
3.89%
Suburb gross yield
Median sale from 41 recorded sales (last 12 months) — a Districts calculation.
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 $527/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
West Launceston at a glance
4,336
People
$705,000
Median sale
$527/wk
Median rent
3.89%
Suburb gross yield
Median sale from 41 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Howell Property GroupTucked away just off Granville Street in West Launceston, you will find Penny Lane, and it is totally understandable if you have never heard of this little laneway. With no through access, if you find yourself here you are either a lucky home owner, or you are visiting a lucky home owner.
Number 5 is positioned on a large 1496m2 near level block with privacy from established hedging and a handy dual entrance. Couple this with the flexible footprint of the home, and you have got somewhere truly customisable to the way you want to live.
The bright and spacious interior provides 3 generous bedrooms, the primary with its own walk-in wardrobe and ensuite, a family bathroom featuring a large corner jetted bath, a separate toilet, open plan kitchen to dining to living and another more formal living space.
Downstairs the wins keep coming with a large rumpus room, kitchenette, built in storage and a third bathroom.
The large yard is fully fenced, and is a neatly landscaped mix of hedging, lawn and easy-care shrubs with more than enough space to kick or bat a ball, grow a vegie garden or just enjoy the fact that you have lots of open space around you.
This property stands out as being perfect for those wanting a generously proportioned private home on a low maintenance block in a popular suburb of Launceston whilst being within a short drive to Launceston CBD, Prospect shopping hub, public & private schools and medical facilities.
• 3 large bedrooms, primary with walk in robe + ensuite.
• Family bathroom with corner spa, shower & separate toilet.
• Kitchen features lovely garden view, granite benchtops + plenty of storage.
• Open living & dining + separate more formal lounge adjoining main bed.
• Study.
• Rumpus room with kitchenette.
• 3rd full bathroom downstairs.
• Double garage with extra high remote door.
• Impressive amount of under house storage.
• Fully fenced – perfect for children & pets.
• Dual access to the block.
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which re considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
Listing description written by Lauren Atkinson, Howell Property Group — reproduced as published, not verified by Districts.