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
$1,149,950
For sale
Asking
3
Bedrooms
4
Bathrooms
4
Car spaces
701 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
$1,149,950
Asking · $1,640/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Launceston (last 5 years) with land size have a median of $1,904/m² of land (n=60). 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
+65.5%
Median sale
Suburb $695,000
-1.69 pp
Gross yield
Suburb 4.27%
Suburb median $695,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$50,890 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 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 $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.
Gross yield if leased at the suburb aggregate is 2.6%. 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.
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 Town & Country Real Estate TasmaniaSet beyond an immaculate and commanding Victorian façade, Circa 1880,this timeless character residence presents a rare and exciting opportunity in a premier Launceston position.
Currently configured for split-level living with both residential and commercial use, the property offers exceptional versatility, a flexible floorplan, and strong triple income potential - ideal for investors, professionals, or extended families.
The upper level was used as professional medical rooms, offering a spacious and adaptable layout including a kitchen and bathroom. This level lends itself to continued commercial use or an easy conversion into additional residential accommodation or BnB accommodation subject to LCC approval.
Commercial appraisal: $36,000 p.a. (ex. GST & outgoings) - based on previous appraisal as a medical usage.
The lower level is designed for comfortable residential living and has recently successfully operated as short-term accommodation (1st 50 weeks of operation generated $113,800) Current financial year up 40% on same period last year, with $33,000 plus forward bookings.
Three possible bedrooms, two generous bedrooms with built-in robes
Master with beautifully renovated ensuite and stand-alone bath
A second renovated bathroom
North-East facing open-plan kitchen, living, and dining space, drenched in natural light and flowing out to a landscaped garden - perfect for indoor/outdoor living
On the East wing, a fully self-contained studio includes:
Separate lounge area
Additional bedroom
Kitchen and bathroom
Mezzanine with extra storage
Private external access - ideal for guests, extended family, or further rental income
Ideally positioned on the iconic Elphin Road, this property places you within easy walking distance of the Launceston CBD and beautiful City Park. Enjoy the convenience of nearby cafés, restaurants, and a vibrant local lifestyle. Renowned public and private schools, along with essential services, are all just moments away.
Whether you're looking to invest, live in and lease out, run a business from home, or accommodate extended family - this is an extraordinary opportunity to secure a grand residence in one of Launceston's most tightly held locations.
For more information or to arrange a private inspection, contact Kyle Barrett, Town & Country Real Estate Tasmania. 0492 492 873 or Paul Scott 0477771098 in conjunction
Zoning: General Residential
Year Built: 1880
Land: 701m²
Council: City of Launceston
** P R Scott Pty Ltd TRADING AS Town & Country Real Estate Tasmania 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. All measurements and figures are approximate.**
Listing description written by Kyle Barrett, Town & Country Real Estate Tasmania — reproduced as published, not verified by Districts.