5/2 Elphin Road, Launceston, TAS 7250 | Property Value & History | OnTheHouse
 
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5/2 Elphin Road
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 82m2
Land area: 111m2
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Last updated 12 Jan 2026
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Property Details for 5/2 Elphin Rd, Launceston

5/2 Elphin Rd, Launceston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 111m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in December 2020.

Building Type
Unit
Year Built
1990
Floor Size
82m2
Land Size
111m2
Local Government
Launceston
Lot/Plan
5/56623

Last Listing description (January 2021)

Location wise this does not get much better. This could be the perfect city base! Or if you are thinking of down sizing then a lock and leave apartment like this one with a balcony overlooking the City Park and beyond could be just the one. A quick and easy walk to many of the iconic Launceston attractions plus shopping, essential services and public transport that are all virtually on your doorstep. Offering a practical floor plan that has two bedrooms, one with built in robe, a generous size open plan living/dining space plus separate laundry, bathroom and toilet.
With so many positive aspects on offer any investor or owner occupier seeking a convenient and central location must not miss the opportunity to secure this property.
Featuring;

- Off street garaged parking.
- Easy walking distance to Aquatic Centre, University, Football, Seaport, Cataract Gorge, all of Launceston's main attractions!
- Short walk to Scotch Oakburn and Launceston Grammar junior schools.
- Spoilt for choice with many excellent dining options close by.

Council rates: $1600 p/a approx.
Water rates: $900 p/a approx.
Body Corporate $bi-annually approx
Land size: 111 m2 approx.
Building size: 82 m2 approx.
Year built: 1990

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Property History for 5/2 Elphin Rd, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$347,000
30 Dec 2020
Listed for Rent
$250/w
21 Jun 2018
  • 30 Dec 2020
    Sold for $347,000
  • 11 Sep 2020
    Listed for Sale Best Offer Over $337,000
  • 11 Dec 2013
    Listed for Rent $250 / 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 3,724 properties. Over the last 5 years, Houses in Launceston have seen a 43.28% increase in median value, while Units have seen a 23.52% increase. As at 31 December 2025:

  • The median value for Houses in Launceston is $764,492 while the median value for Units is $486,282.
  • Houses have a median rent of $510 while Units have a median rent of $450.
There are currently 25 properties listed for sale, and 16 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 120 properties were sold in the past 12 months in Launceston.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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