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 › Bailey St
$600,000
Last sold
11 Dec 2025
3
Bedrooms
1
Bathrooms
1
Car spaces
506 m²
Land
94 m²
Building
Districts View
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
$600,000
11 Dec 2025 · derived via latest_sale
Local land rate: recorded House sales in South Launceston (last 5 years) with land size have a median of $926/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
-9.4%
Median sale
Suburb $662,500
+0.45 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.
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 Flanagan ResidentialBrimming with charm, this 1925 weatherboard home in sought-after South Launceston offers the perfect blend of character and modern comfort. Featuring three generous bedrooms, high ceilings, and beautiful period details, it’s a home with warmth and soul.
An updated kitchen and bathroom mean the big-ticket items have mostly been taken care of, allowing you to simply move in and enjoy. A sun-filled front sunroom provides valuable extra living space, while the home remains structurally very sound with only minor finishing touches left to add your own style.
Set on a level, fully fenced block in a discreet, quiet street, the property offers both privacy and convenience all within walking distance from Launceston General Hospital and the CBD.
Whether you’re searching for your first home or a savvy investment, this centrally located gem ticks all the boxes.
A Pre-Sale Building Inspection has been completed for buyer peace of mind so contact Rae today to find out more.
Launceston City Council rates $1,542.13
Tas Water rates $1,292.00 + usage
Rental Appraisal $460-$500 per week (Property Wise Launceston)
Flanagan Residential provides this information from third parties as a convenience to you and recommends prospective purchasers carry out their own enquiries and seek legal advice with respect to the property information provided.
Property Code: 612
Listing description written by Rae Smith, Flanagan Residential — reproduced as published, not verified by Districts.