5 West Street, South Launceston, TAS 7249 sold on 23 October 2025 | OnTheHouse
 
SOLD
Sold on 23 Oct 2025 - Price Unavailable

5 West Street
South Launceston TAS 7249

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
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Property Details for 5 West St, South Launceston

5 West St, South Launceston is a 4 bedroom, 2 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 4 bedroom House sold in South Launceston in the last 12 months.

Building Type
House

Last Listing description (October 2025)

Astute investors seeking immediate cash flow and long-term upside will find 5 & 5a West Street in South Launceston a compelling addition to their portfolio. Set on a single title in a tightly held inner-city precinct, this dual-dwelling offering presents a rare opportunity to acquire two income streams in one, without the complications of strata.

Comprising a character-filled three-bedroom home at the front and a separately metered, council-approved one-bedroom unit at the rear, the property currently delivers a combined rental return of $790 per week, translating to a yield which would be well above average for the area.

Key Features:

• Main residence tenanted at $490 p/w.
• 3 bedrooms, 1 bathroom.
• Rear residence tenanted at $300 p/w.
• 1 bedroom, 1 bathroom
• A one minute stroll to the LGH and five minutes into the CBD.

Opportunities to secure dual-income properties of this calibre in South Launceston are exceedingly rare. Whether you're a yield-focused investor or looking for a live-in-and-lease scenario, 5 & 5a West Street is a strategic acquisition in one of Tasmania's most resilient rental markets.

Contact Damien today to arrange your inspection.

*Ray White Launceston has no reason to doubt the accuracy of this information which has been obtained from sources considered to be reliable; however, we cannot guarantee it. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.

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Property History for 5 West St, South Launceston, TAS 7249

A timeline of how this property has performed in the market
Last Sold
23 Oct 2025
Listed for Rent
21 Aug 2025
  • 13 Oct 2025
    Sold for $605,000
  • 26 Aug 2025
    Listed for Sale $630000
  • 06 Aug 2025
    Listed for Rent $490 / week
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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 2,425 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:

  • The median value for Houses in South Launceston is $659,169 while the median value for Units is $462,950.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 8 properties listed for sale, and 7 properties listed for rent in South launceston on OnTheHouse. According to Cotality's data, 126 properties were sold in the past 12 months in South launceston.

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Damien Springer
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