1/183 Hobart Rd, Kings Meadows is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 74m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Set and forget with this great opportunity to step into the property market or a smart addition to a portfolio.
Situated on the ground floor of a complex of 10 apartments this low maintenance property is in excellent condition and has been a secure investment for the current owner.
Comprising of open plan living, one bedroom with builtins and an updated bathroom/laundry each apartment has an allocated off street parking space with easy access to and from the street.
Conveniently located within an easy stroll of the Kings Meadows shopping precinct, this property represents good value in the current strong Launceston market.
INSPECTION BY APPOINTMENT
Leased until October 2022
$240 per week
Body Corporate Fee (Includes building insurance)
$550 per annum
Investment opportunity
Low maintenance
Convenient location
$240 per week rent
Lease end October 2022
The size of Kings Meadows is approximately 5.0 square kilometres. It has 8 parks covering nearly 20.2% of total area. The population of Kings Meadows in 2016 was 3670 people. By 2021 the population was 4359 showing a population growth of 18.8% in the area during that time. The predominant age group in Kings Meadows is 20-29 years. Households in Kings Meadows are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kings Meadows work in a professional occupation.In 2021, 63.00% of the homes in Kings Meadows were owner-occupied compared with 64.60% in 2016.
Kings Meadows has 2,324 properties. Over the last 5 years, Houses in Kings Meadows have seen a 61.68% increase in median value, while Units have seen a 57.47% increase. As at 30 November 2025:
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