504/3-11 Earl Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
 
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504/3-11 Earl Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 29m2
Land area: 30m2
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Last updated 8 Dec 2025
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Property Details for 504/3-11 Earl St, Launceston

504/3-11 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 July 2019.

Building Type
Unit
Year Built
1975
Floor Size
29m2
Land Size
30m2
Local Government
Launceston
Lot/Plan
504/151040

Last Listing description (August 2019)

Located in the heart of the Launceston CBD, this strata titled hotel unit has proven to be an outstanding long term investment opportunity. Situated in a well known Launceston City Hotel this unit ticks all the right boxes for a well balanced investment portfolio and is ready and waiting to start making its new owner money!
The details
** Long term blue chip lease (20 years) to Best Western Plus - 4.5 star hotel.

** 6-7% NET return - all outgoings including capital paid by the tenant.
** Substantial depreciation benefits - reduce tax payable (seek independent advice).
** Bank guarantee in place.
** 4 free nights included per year at the Best Western hotel in Launceston or Hobart.
I would love to have a chat to you about this exciting opportunity and send you an information pack on the money you could be earning from this investment! Also don't forget, at the end of the day you own the room on a strata title too!
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.

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Property History for 504/3-11 Earl St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$155,000
29 Jul 2019
  • 29 Jul 2019
    Sold for $155,000
  • 23 May 2019
    Listed for Sale $162,000
  • 25 Mar 2014
    Sold for $110,000
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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 45.45% increase in median value, while Units have seen a 34.92% increase. As at 30 November 2025:

  • The median value for Houses in Launceston is $744,245 while the median value for Units is $498,010.
  • Houses have a median rent of $510 while Units have a median rent of $460.
There are currently 28 properties listed for sale, and 12 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 109 properties were sold in the past 12 months in Launceston.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2025. 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.

Disclaimer
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