48 Garfield StreetSouth Launceston TAS 7249
Property Details for 48 Garfield St, South Launceston
Last Listing description (September 2023)
Zoned Commercial, a rare opportunity exists here to secure a prime piece of real estate on the edge of Launceston's CBD.
Sitting on approximately 648m2 of level land, the property consists of the original 2 bedroom cottage which is currently let at $340 per week until 1/2/2024, plus a large warehouse at the rear of the block that currently receives a rental figure of $1100 per month.
The cottage sits at the front of the block and comprises of 2 bedrooms (both with built-in robes), dine-in kitchen, separate lounge with a reverse cycle heat pump, plus separate bathroom, toilet and laundry facilities.
Both the tenants of the cottage and warehouse are long term and keen to stay on.
Launceston Council rates approx. $2718 per annum
TasWater rates approx. $1904 plus usage
Roberts Real Estate has made all reasonable efforts to obtain information regarding this property from industry and government sources that are deemed to be both reliable and factual; however, we cannot guarantee their complete accuracy in every instance. Prospective purchasers are advised to carry out their own investigations to ensure the property satisfies their suitability/usage requirements. All measurements are approximate.
Property History for 48 Garfield St, South Launceston, TAS 7249
- 01 Aug 2023Sold for $785,000
- 13 Jul 2023Listed for Sale $795,000
- 15 Dec 2016Listed for Rent $265 / week
Recent sales nearby
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0About 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 2,430 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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