19 Mulgrave St, South Launceston is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1915. The property has a land size of 360m2 and floor size of 169m2. While the property is not currently for sale or for rent, it was last sold in January 2020.
Offering excellent return as a dual-income investment opportunity are these two centrally located South Launceston units. Situated within walking distance of the CBD and LGH with a solid rental history, the recently updated units offer a wonderful opportunity not to be missed!• Dual income opportunity in central South Launceston• Great potential for Airbnb, with an estimated return of $80-$100 approx. per night.• Two recently updated units with solid rental histories• Recently renovated inside and out• Repainted, floors re-sanded, and new tiling• New reverse cycle air-conditioning unit in each• Takeaway shop across the road and within walking distance of the CBD and LGH• Strong rental histories • An excellent opportunity sure to attract a lot of interest!Council rates: $675 p/q approx.Water rates: $300 p/q approx. Land size: 358m2 approx.Building size: 145m2 approx. Year built: 1915Rental: Unit 1 – tenanted until March 2020 for $245 per week. Unit 2 – tenanted on a month by month lease for $270 per week. Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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 2,425 properties. Over the last 5 years, Houses in South Launceston have seen a 49.85% increase in median value, while Units have seen a 40.85% increase. As at 31 May 2026:
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