5/40 Abbott StreetEast Launceston TAS 7250
Property Details for 5/40 Abbott St, East Launceston
5/40 Abbott St, East Launceston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1973. The property has a land size of 105m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in July 2022.
Last Listing description (February 2023)
This solid brick unit is located in the heart of East Launceston, a short walk to various cafes in Abbott and Arthur streets and a short walk to quality public and private schools. It is beautifully presented with a brand-new air conditioner just installed, freshly painted throughout in neutral tones and the kitchen and bathroom have already been updated, ready for you to move into.
Main Features:
An excellent investment with a potential rental yield of over 5.5%
Whitegoods included - fridge, washing machine & clothes dryer
• Two bedrooms, both with built in wardrobes
Open plan, updated kitchen
Updated bathroom with separate shower
Brand new reverse cycle air conditioner
European laundry, repainted throughout
Carport & storage space underneath
• Easy walking distance to quality private and public schools,
Close to shops, supermarkets, cafes & all city facilities
• Only 2 minutes' drive (1km) to Launceston's CBD
Only 4 minutes' drive (1.7km) to Launceston General Hospital
Contact Jeremy Wilkinson or Conall Cassidy for further information.
Rental Estimate: Up to $370 pw
Unit size: 65 sqm
Land size: 105 sqm
Built: 1973
Rates: $1176 pa
Zoning: Inner Residential
Council: Launceston
Heritage listed: No
**Harcourts Launceston 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 are approximate**
Property History for 5/40 Abbott St, East Launceston, TAS 7250
- 01 Jul 2022Sold for $700,000
- 13 Jun 2022Listed for Sale Best Offer Over $339,000
- 12 May 2016Listed for Rent $200 / week
Recent sales nearby
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0About East Launceston 7250
The size of East Launceston is approximately 1.0 square kilometres. It has 3 parks covering nearly 9.1% of total area. The population of East Launceston in 2016 was 2143 people. By 2021 the population was 2270 showing a population growth of 5.9% in the area during that time. The predominant age group in East Launceston is 50-59 years. Households in East Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Launceston work in a professional occupation.In 2021, 67.40% of the homes in East Launceston were owner-occupied compared with 68.40% in 2016.
East Launceston has 1,065 properties. Over the last 5 years, Houses in East Launceston have seen a 52.99% increase in median value, while Units have seen a 32.72% increase. As at 31 October 2025:
- The median value for Houses in East Launceston is $888,435 while the median value for Units is $467,059.
- Houses have a median rent of $550 while Units have a median rent of $440.
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