5 West StreetSouth Launceston TAS 7249
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.
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:
• 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.
Property History for 5 West St, South Launceston, TAS 7249
- 13 Jul 2026Listed for Rent $540 / week
- 13 Oct 2025Sold for $605,000
- 26 Aug 2025Listed for Sale $630000
Recent sales nearby
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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 2,429 properties. Over the last 5 years, Houses in South Launceston have seen a 44.47% increase in median value, while Units have seen a 41.15% increase. As at 31 July 2026:
- The median value for Houses in South Launceston is $672,635 while the median value for Units is $471,981.
- Houses have a median rent of $550 while Units have a median rent of $450.
Suburb Insights for South Launceston 7249
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