41 Leslie St, South Launceston is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1925. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 3 bedroom Unit sold in South Launceston in the last 12 months.
Positioned perfectly, a close walking distance to the LGH, Launceston central, bus routes and corner stores this excellent investment is simply a money making machine.
Set on a corner block the property has been split into a one bedroom and a two bedroom flat with an income combined of $755 per week across the two tenancies.
Internally the rear two bedroom has been fully repainted and a full paint has been done on the external building.
Key details:
1 bedroom unit rented at $315 per week with tenant currently having 7 month left on their lease
2 bedroom unit on a 12 month lease at $440 per week.
Built 1925
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The size of South Launceston is approximately 2.8 square kilometres. It has 8 parks covering nearly 5.4% of 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 2,421 properties. Over the last 5 years, Houses in South Launceston have seen a 48.79% increase in median value, while Units have seen a 67.05% increase. As at 31 October 2025:
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