Effingham StreetSouth Launceston TAS 7249
Property Details for 1-3/2 Effingham St, South Launceston
1-3/2 Effingham St, South Launceston is a 3 bedroom, 3 bathroom House. The property has a land size of 1237m2.
Last Listing description (July 2026)
For those seeking not only the prospects of strong returns but also an exceptional position within one of Launceston's most in demand suburbs, 2 Effingham Street in South Launceston is exactly what you have been waiting for. Currently configured as three separately let tenancies and returning $990 per week, the property is geared towards a new owner who wants to reap the rewards.
Renovated throughout and situated on a large 1,237m2 block, there is further scope to accelerate the capital growth of the site as a whole. With three full kitchens, three bathrooms, three dedicated living areas and three bedrooms, all of the infrastructure you need to manage this high yielding property is in place. It could even be that you retain one of the residences for private use and continue to collect income from the remaining two tenancies.
Prominent features of this property include:
three separately let tenancies, returning $990 per week
elevated and benefiting from a northerly aspect
large 1,237m2 block, just minutes to the CBD
each flat has its own full sized kitchen
Located a short distance from the central shopping districts in Launceston and Kings Meadows, walking distance to the Launceston General Hospital and in the catchment areas of all the best schools, this property is one not to be missed. Contact Lochie today to register your interest or to arrange a private viewing.
Property History for 1-3/2 Effingham St, South Launceston, TAS 7249
- 20 Jun 2023Listed for Sale $575,000
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About South Launceston 7249
The size of South Launceston is approximately 2.8 square kilometres. There are 8 parks, covering nearly 5.4% of the total area. The population of South Launceston in 2016 was 4592 people. By 2021 the population was 4894 showing a population growth of 6.6% in the area during that time. The predominant age group in South Launceston is 20-29 years. Households in South Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Launceston work in a professional occupation.In 2021, 51.20% of the homes in South Launceston were owner-occupied compared with 52.60% in 2016.
South Launceston has 2,431 properties. Over the last 5 years, Houses in South Launceston have seen a 47.77% increase in median value, while Units have seen a 44.01% increase. As at 30 June 2026:
- The median value for Houses in South Launceston is $672,761 while the median value for Units is $465,814.
- Houses have a median rent of $550 while Units have a median rent of $445.
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