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 › Elphin Rd
$1,700,000
Last sold
9 Aug 2024
6
Bedrooms
1
Bathrooms
6
Car spaces
913 m²
Land
350 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
$1,700,000
9 Aug 2024 · 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
+144.6%
Median sale
Suburb $695,000
-2.52 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 Howell Property GroupMost recently used as one of Launceston’s most respected specialist medical practices, the façade of 54 Elphin Road in Launceston dates back to 1860. Its street appeal is undeniable & although the property is heritage listed it has undergone a major renovation & extension to create a high spec & functional specialist medical facility that focuses on safety & comfort for both patients & medical staff in turn providing an optimal environment for healthcare services.
It is a bespoke offering with multiple treatment & procedure rooms, off street parking & has previously held the advantage of having permitted use for day procedures. Ramped entry from the side of the property leads to a private & spacious reception area & waiting area, with 8 rooms suitable for consultancy or treatment purposes readily accessible from this central location.
The space also boasts multiple bathrooms, storage & cleaning areas as well as a residential kitchen which serves as a fully featured kitchenette & break room off the main reception area.
This property is ideally positioned for medical use being nestled amongst numerous specialist medical practices on Elphin Road & Lyttleton Street & less than 500m from Calvary St Luke’s Hospital & within walking distance to and from the Launceston CBD.
If you are a medical professional seeking to secure a ready-made premises for your practice then this fantastically positioned freehold property, requiring minimal to no works, for high end medical use, is surely a must-see opportunity.
• Zoned 8.0 General Residential
• Original building C1860 + extensions completed 2010
• Appealing heritage façade with manicured gardens
• Positioned amongst numerous medical practices
• Close by to Calvary St Luks hospital & CBD
• Multiple treatment & practice rooms with medical fit-out
• Ramped disabled access
• Ambulance access available
• All electric works are to theatre standard
• Dedicated recovery room
• Lockable steel cage for medical waste
• Carpark for 6 cars
• Brand new roofing
Howell Property Group 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 its validity. Prospective clients are advised to carry out their own investigations.
Listing description written by Alex Robinson, Howell Property Group — reproduced as published, not verified by Districts.