3/47-49 Elphin Road, Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

3/47-49 Elphin Road
Launceston TAS 7250

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 107m2
Land area: 161m2
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Last updated 4 Aug 2025
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Property Details for 3/47-49 Elphin Rd, Launceston

Building Type
Commercial
Year Built
1930
Floor Size
107m2
Land Size
161m2
Local Government
Launceston
Lot/Plan
3/109479

Last Listing description (August 2022)

The Lido Boutique Apartments have been an icon of Launceston's landscape and one of the finest examples of Art Deco Architecture since 1930. Here is a fantastic opportunity to secure yourself enviable piece of real estate in a prime location!

This solid and spacious apartment is ground floor with easy access. Offering a sunny easterly aspect with mountain views, there is a large living space and dining with adjoining balcony, functional kitchen, master with ensuite, generous 2nd bedroom with dual access to the main bathroom, 3rd bedroom or home office and euro laundry. Unit 3 also benefits from a single garage, external storage room and courtyard.

With an idyllic central location, an easy stroll to the CBD, City Park, shopping centres, Tennis Centre, Launceston Aquatic and Farmers Market. Currently leased at $450 per week until July with an excellent tenant in place, with other units used as Air BNB in the complex.

Unit 3/47-49 Elphin Rd at a glance:
Iconic example of 1930s Art Deco
Solid and spacious 3 bedroom unit
2 generous bathrooms
Separate courtyard and balcony
Single garage plus storage room

Additional Information:
Rates: Approx $1,990 per annum
Water: Approx. $1,000 per annum
Body corporate fees: Approx $2,700 per annum - includes building and strata insurance, common ground maintenance, etc.
This property is registered with the Tasmanian Heritage Council, reference THR4175

Roberts Real Estate has made all reasonable efforts to obtain information regarding this property from industry and government sources that are deemed to be both reliable and factual; however, we cannot guarantee their complete accuracy in every instance. Prospective purchasers are advised to carry out their own investigations to ensure the property satisfies their suitability/usage requirements. All measurements are approximate.

Property History for 3/47-49 Elphin Rd, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$540,000
01 Jul 2022
Listed for Rent
$450/w
28 Jun 2021
  • 01 Jul 2022
    Sold for $540,000
  • 23 May 2022
    Listed for Sale Offers Over $495,000
  • 04 Jun 2021
    Listed for Rent $450 / week
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About Launceston 7250

The size of Launceston is approximately 4.5 square kilometres. It has 13 parks covering nearly 16.4% of total area. The population of Launceston in 2016 was 2944 people. By 2021 the population was 3110 showing a population growth of 5.6% in the area during that time. The predominant age group in Launceston is 20-29 years. Households in Launceston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Launceston work in a professional occupation.In 2021, 46.80% of the homes in Launceston were owner-occupied compared with 48.20% in 2016.

Launceston has 3,719 properties. Over the last 5 years, Houses in Launceston have seen a 49.52% increase in median value, while Units have seen a 32.72% increase. As at 31 October 2025:

  • The median value for Houses in Launceston is $758,684 while the median value for Units is $492,183.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 29 properties listed for sale, and 11 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 108 properties were sold in the past 12 months in Launceston.

Suburb Insights for Launceston 7250

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.