404/3-11 Earl StreetLaunceston TAS 7250
Property Details for 404/3-11 Earl St, Launceston
404/3-11 Earl St, Launceston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 30m2 and floor size of 29m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
Last Listing description (January 2019)
Located in the heart of Launceston just metres from the city centre we have a fantastic investment opportunity to purchase a strata titled unit offering high yield low risk investment in an iconic Launceston Hotel. Due to a long term blue chip lease (20 years) in place with the world-renowned Best Western hotel chain maintaining a 4.5 star rating.
The numbers really stack up on this one with the tenant responsible for all maintenance of the room and building, nightly letting of the room, paying of all outgoings and all for a small monthly % amount leaving you with an average of a massive 6 to 7 % net annual return with dividends that are paid to you monthly you even get 4 free nights at the complex per year to enjoy.
Putting this all together this could be your next great investment opportunity for the savvy investor and a welcomed low risk investment opportunity for a balanced portfolio. To discuss in more detail or for more information give Deb or Robert a call today.
Property History for 404/3-11 Earl St, Launceston, TAS 7250
- 04 Dec 2018Sold for $142,500
- 16 Nov 2018Listed for Sale $156,000 $156,000
- 17 Apr 2012Listed for Sale 149000
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0About Launceston 7250
The size of Launceston is approximately 4.5 square kilometres. There are 13 parks, covering nearly 16.4% of the 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 3,722 properties. Over the last 5 years, Houses in Launceston have seen a 32.68% increase in median value, while Units have seen a 29.72% increase. As at 30 April 2026:
- The median value for Houses in Launceston is $831,502 while the median value for Units is $553,434.
- Houses have a median rent of $560 while Units have a median rent of $450.
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