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 › Balfour St
For sale
For sale
4
Bedrooms
1
Bathrooms
3
Car spaces
493 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
No recorded sale price for this property yet.
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.
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 Bushby CreesePerched in one of Launceston's most coveted enclaves, Elderslie, an impressive city fringe town residence, offers a lifestyle defined by sophistication, history, and complete comfort.
The gracious Victorian terrace home, originally constructed circa-1870, perfectly balances its rich character with modern convenience, making it an ideal sanctuary for families or those seeking refined living within walking distance to the CBD.
A striking, elegant façade offers a glimpse of the expanse and timeless style to come, and the period attributes that have been impeccably retained and enhanced, including high ceilings, lead-light windows, and original, now decorative, fireplaces.
The lower-floor is home to numerous living areas, both formal and casual, including dedicated dining, and a stunning conservatory that creates a sun-filled space to both relax and host family and friends.
The kitchen is a statement in style and functionality, beautifully renovated with a sleek and spacious design. Fitted with premium appliances, expansive countertops, and abundant storage, it is perfectly suited to both family living and effortless entertaining.
Four generous bedrooms offer comfortable accommodation, with a versatile layout that allows for a dedicated study, additional lounge, or creative workspace if desired. The master is a true retreat, opening to a private balcony that frames sweeping city views, and enjoys a walk-in wardrobe. Each of the three remaining bedrooms feature built-in storage.
The elegant bathroom servicing the home is located upstairs, complete with a bath, shower, and toilet. Two powder rooms, one on each level, afford additional convenience. The European laundry is cleverly concealed adjacent to the kitchen.
Indoors extends out to a private courtyard, paved, and with a tranquil water feature. The gardens are low-maintenance, offering an escape from the bustle of city life and providing the perfect setting for a coffee or an evening glass of wine.
Off-street parking is well-catered for, with space for up-to three vehicles within the driveway. There is ample storage throughout, including two exterior garden sheds.
Positioned for absolute convenience, this remarkable home is within walking distance of Launceston General Hospital, the CBD, quality schools, boutique stores, restaurants, cafes, and public transport, placing everything required for a high-quality lifestyle within easy reach.
Currently leased at $650 per week, Elderslie also presents an attractive investment opportunity for those seeking secure rental returns.
Listing description written by George Bushby, Bushby Creese — reproduced as published, not verified by Districts.