607/3-11 Earl StreetLaunceston TAS 7250
Property Details for 607/3-11 Earl St, Launceston
Last Listing description (May 2023)
The Best Western is in the heart of Launceston's C.B.D and has the security of being part of a worldwide hotel chain. The location is perfect as your guests have only minutes to walk to the nearest local Princess Theatre, immaculate gardens, cafes, the shopping mall and all other forms of entertainment.
You can purchase this unit and have it leased and managed on a long-term basis. This one bed unit is situated on the top floor and it has those gorgeous views of Launceston and beyond.
* Long term lease in place with Best Western Plus - 4.5 star hotel
* 4 free nights included per year at the hotel in Launceston
If you are looking to diversify your investment portfolio, then this one may be for you. Call now for more information and be a part of our next tourism adventure.
*Please be advised that it is now mandatory, as per the Direction Under Section 16 (Contract Tracing No. 5) of the Public Health Act 1997, for all parties attending a Smart Open Inspection to check-in via the free, easy to use Check in TAS app on your mobile phone. If you do not have access to the Check in TAS app, we are able to register your details on our device.
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 607/3-11 Earl St, Launceston, TAS 7250
- 01 May 2023Sold for $165,000
- 12 Jul 2021Listed for Sale $163,000
- 12 Jun 2007Sold for $150,000
Recent sales nearby
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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 3,724 properties. Over the last 5 years, Houses in Launceston have seen a 28.49% increase in median value, while Units have seen a 19.27% increase. As at 30 June 2026:
- The median value for Houses in Launceston is $855,283 while the median value for Units is $562,985.
- Houses have a median rent of $583 while Units have a median rent of $450.
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