3/2 Bailey St, South Launceston, TAS 7249 | Property Value & History | OnTheHouse
OFF MARKET

Bailey Street
South Launceston TAS 7249

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 185m2
Land area: 383m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 25 May 2026
Low

High
Save

Property Details for 3/2 Bailey St, South Launceston

3/2 Bailey St, South Launceston is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2020. The property has a land size of 383m2 and floor size of 185m2.

Building Type
Unit
Year Built
2020
Floor Size
185m2
Land Size
383m2
Local Government
Launceston

Last Listing description (October 2024)

An exceptional find in South Launceston, this two-story executive townhouse effortlessly combines modern comfort with convenience. Its prime location within walking distance of the Launceston General Hospital and just a quick drive from the bustling Kings Meadows shopping precinct makes it an ideal choice for discerning buyers.

Inside, you'll discover four spacious bedrooms, including a master retreat complete with a walk-in robe and ensuite, along with three additional bedrooms featuring built-in robes, ensuring plenty of space for the whole family.

The kitchen is a standout feature, boasting a gas cooktop, electric oven, and a generous walk-in pantry, perfect for preparing culinary delights. The main bathroom offers both a shower and a separate bath for added convenience, catering to every need and the upstairs powder room adds practicality to the layout.

Throughout the home, ducted heating and a vacuum system ensure comfort and easy maintenance year-round. Outside, a spacious deck offers an ideal spot for relaxation and entertaining, with abundant sunlight and sweeping views of the city skyline enhancing the experience.

This property offers not only a stylish and convenient lifestyle but also appeals to investors with its potential for a good rental yield. Its proximity to the CBD, coupled with breathtaking views and modern amenities.

Year built: 2020
Rental estimate: $730-$760 p/w
House size: 173m2
Land size: 383m2

Property History for 3/2 Bailey St, South Launceston, TAS 7249

A timeline of how this property has performed in the market
  • 27 Aug 2024
    Listed for Sale $835k - $885k
Commute Calculator

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 2,424 properties. Over the last 5 years, Houses in South Launceston have seen a 48.84% increase in median value, while Units have seen a 51.01% increase. As at 30 April 2026:

  • The median value for Houses in South Launceston is $639,750 while the median value for Units is $473,052.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 11 properties listed for sale, and 6 properties listed for rent in South launceston on OnTheHouse. According to Cotality's data, 124 properties were sold in the past 12 months in South launceston.

Suburb Insights for South Launceston 7249

Market Insights
South Launceston Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Launceston Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.