42 Frankland StreetLaunceston TAS 7250
Property Details for 42 Frankland St, Launceston
42 Frankland St, Launceston is a 4 bedroom, 2 bathroom House and was built in 1910. The property has a land size of 327m2 and floor size of 219m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
Last Listing description (October 2022)
Immaculately maintained, this fabulous brick apartment building is perfectly located just across the road from the Launceston General Hospital and opposite the Charles Hotel Complex.
Divided into two separate apartments, both offer two bedrooms/one bathroom with stunning views over the Launceston CBD.
Currently returning a little over $85,000 per annum, downstairs is on a long term lease to the hospital whilst upstairs is a thriving Airbnb, or you can take the option of living in one apartment and renting the other.
An easy short walk to the CBD, and on the doorstep of some of Launceston's finest eateries, this property provides both an investment opportunity as well as an amazing residence.
Property History for 42 Frankland St, Launceston, TAS 7250
- 19 Sep 2022Sold for $1,150,000
- 12 Jul 2022Listed for Sale Offers Over $1,250,000
- 05 Apr 2022Listed for Sale Best Offer Over $1.3M
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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 3,723 properties. Over the last 5 years, Houses in Launceston have seen a 41.37% increase in median value, while Units have seen a 27.53% increase. As at 31 January 2026:
- The median value for Houses in Launceston is $766,540 while the median value for Units is $497,845.
- Houses have a median rent of $510 while Units have a median rent of $450.
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