37 Elphin RoadLaunceston TAS 7250
Property Details for 37 Elphin Rd, Launceston
37 Elphin Rd, Launceston is a 6 bedroom, 6 bathroom House with 6 parking spaces and was built in 1900. The property has a land size of 678m2 and floor size of 216m2. While the property is not currently for sale or for rent, it was last sold in January 2021.
Last Listing description (August 2021)
We are thrilled to present to the market, this rare opportunity to find a Launceston residence with so many choices!
This stunning property is currently leased on a room by room basis; the top level for $700 per week (3 bedrooms and 3 bathrooms); and the lower level for $500 per week (2 bedrooms and 2 bathrooms). A separate studio apartment, presently owner occupied, has the rental potential of approx $300 per week (1 bedroom and 1 bathroom). Current leases can run from 3 to 12 months and have been set up, with agreement from all parties, for the option of termination on 2 weeks' notice by either party, to allow for the sale of the property with vacant possession should it be required!
Depending on your needs you could keep the existing tenants or may prefer to rent the property to longer term tenants as 3 individual apartments, which would bring in an expected total rental income of over $1000 per week.
Importantly this property is "dual zoned" Commercial / Residential with NBN to the premises allowing for a much wider use than a standard residential home, such as professional rooms or office space.
The property has been carefully restored over time, including new foundations, rewired, re-plumbed, repainted and so much more!
Offering 2 complete kitchens, with one upstairs and one downstairs, as well as multiple living spaces. Outdoor entertaining spaces include a large alfresco area off the lower level rear of the house plus the upstairs deck. There are also 2 decks off the studio taking in expansive views.
There is ample storage under the studio and in the shedding, as well as off street parking for at least 5-6 cars.
A short 5 minute walk to the Launceston CBD, supermarkets, Utas Inveresk Campus, chemists, hardware store & the glorious City Park. Presenting with a beautiful road frontage, don't be deceived, what you see from the front is only half the story...
Here awaits a part of Launceston's history. Come and see it for yourself - call us today and arrange your private inspection.
Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.
Property History for 37 Elphin Rd, Launceston, TAS 7250
- 04 Jan 2021Sold for $850,000
- 27 Apr 2020Listed for Sale $749,000
- 28 Dec 2019Listed for Sale $899,000
Recent sales nearby
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0About 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 3,721 properties. Over the last 5 years, Houses in Launceston have seen a 37.21% increase in median value, while Units have seen a 29.64% increase. As at 28 February 2026:
- The median value for Houses in Launceston is $789,184 while the median value for Units is $513,760.
- Houses have a median rent of $530 while Units have a median rent of $460.
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