63-65 Elphin Road, Launceston, TAS 7250 | Property Value & History | OnTheHouse
 
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63-65 Elphin Road
Launceston TAS 7250

Bedrooms: 6
Bathrooms: 5
Car spaces: -
Floor area: 400m2
Land area: 845m2
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Last updated 15 Dec 2025
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Property Details for 63-65 Elphin Rd, Launceston

63-65 Elphin Rd, Launceston is a 6 bedroom, 5 bathroom Unit and was built in 1920. The property has a land size of 845m2 and floor size of 400m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Year Built
1920
Floor Size
400m2
Land Size
845m2
Local Government
Launceston
Lot/Plan
1/91981

Last Listing description (January 2022)

Introducing 63-65 Elphin Road, an exciting and rare opportunity to secure a multiple-residency investment. Positioned on the prestigious Elphin Road, just minutes from Launceston's CBD, this charming property has been divided into five self-contained units. The property offers a 10-vehicle car park and currently receives a gross income of $1,305 per week, proving an excellent return. This property is a secure investment. Updated kitchens and bathrooms, spacious bedrooms and an ideal location makes for an appealing rental, with long-term leases in place.

Year built: 1920

Building Size: 270m2
Land Size: 845m2
Rent Received:
63A - $300 per week
63B - $245 per week
65A - $265 per week
65B - $240 per week
65C - $255 per week
Yearly - $67,860
Council Rates: approx. $6,000 per annum
Water Rates: approx. $3,600 per annum

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Property History for 63-65 Elphin Rd, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$1,200,000
12 Nov 2021
Listed for Rent
$190/w
24 Jun 2010
  • 12 Nov 2021
    Sold for $1,200,000
  • 17 Sep 2021
    Listed for Sale Best Offer Over $1.2 Million
  • 12 Mar 2019
    Sold for $72,500
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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 10 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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© 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.

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