34 Upton StreetLaunceston TAS 7250
Property Details for 34 Upton St, Launceston
34 Upton St, Launceston is a 4 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 547m2. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 4 bedroom House sold in Launceston in the last 12 months.
Last Listing description (November 2025)
Perched in the heart of Launceston, 34 Upton Street presents a rare and unique investment opportunity in an unbeatable location. This well-maintained property comprises three self-contained units on a single title. With a total rental income of approximately $890 per week and a return of over 6% approx. this property represents a solid and reliable investment with immediate income and strong long-term potential.
The property consists of two one-bedroom units and one two-bedroom unit, and thoughtfully designed to offer comfortable, functional living spaces.
Unit 1 features a large bedroom with a built-in robe, a spacious lounge, and a sunlit kitchen that captures a lovely outlook across Launceston. The layout also includes a neat & tidy bathroom and a separate laundry, ensuring practicality for everyday living. This unit is equipped with parking with a garage for the added convenience.
Unit 2 offers two generous bedrooms, a separate lounge and kitchen area, and the advantage of a fully fenced yard - perfect for added privacy or outdoor enjoyment. This unit also includes gas hot water and a dedicated off-street parking space.
Unit 3 has recently been updated with new carpet and a fresh coat of paint throughout, creating a bright and inviting environment. It includes one bedroom, a neat bathroom, and a functional kitchen fitted with quality appliances. The kitchen adjoins to the comfortable living space.
Overall, the property has undergone significant upgrades, with full rewiring and a roof replacement completed within the past ten years, offering peace of mind for future owners. each unit has its hot water system. The location is exceptional - within walking distance to the Launceston General Hospital, city parks, and the Launceston CBD, making it highly desirable for tenants and ensuring consistent rental demand.
Whether you're an investor looking to expand your portfolio or seeking a property with excellent income potential in an outstanding position, 34 Upton Street offers a rare and rewarding investment opportunity in the heart of Launceston.
Rental income
Unit 1 - $290 per week until July 2026
Unit 2 - $320 per week until June 2026
Unit 3 - $280 per week until April 2026
Built: 1920
Land size: 547m2 approx.
Water rates total: $3,000pa approx.
Council rates: $4,205.42pa approx.
Zoning: Inner Residential
School catchments: West Launceston Primary School & Launceston College
Sims for Property 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.
Property History for 34 Upton St, Launceston, TAS 7250
- 17 Nov 2025Sold for $695,000
- 17 Oct 2025Listed for Sale Best Offers Over $695,000
- 18 Jan 2017Listed for Rent $185 / week
Recent sales nearby
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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.
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