56 Thistle St, South Launceston is a 4 bedroom, 3 bathroom House and was built in 1925. The property has a land size of 730m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in February 2020.
Here we have a unique opportunity for ones investment portfolio or a great way to kick-off your investment journey. Situated in the ever popular suburb of South Launceston, this property boasts 3 dwellings. First being a beautiful 1920s character cottage at the front. Featuring 2 large bedrooms with polished timber floorboards throughout. The updated bathroom is highlighted by the stunning freestanding claw foot bathtub. Out the back are 2 uniquely converted Red Caboose train carriages with 1 being a carpeted bedroom and the other a kitchen and living area with polished timber floorboards as well as a bathroom. Finished really nicely. The carriages have been in place since 2009. The third is a one bedroom cottage with beautiful exposed timber cathedral ceiling. Polished timber floorboards throughout with modern bathroom and separate toilet, as well as a large open kitchen living area. All are perfect for short term accommodation. An ideal location, being only a short drive to the Launceston General hospital, Cafes of Charles Street and Launceston CBD, also with the Door of Hope complex down the street and the Cataract Gorge, Supermarkets and food outlets all within 2 kilometres. Very unique, rare opportunity, potentially 3 incomes. Longer term or short terms rentals - options abound. Currently the cottage is rented for $250 per week and the rear apartment for $220 per week. The owners will consider an offer to purchase whereby the carriages are removed.This is a property you will want to see!
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 2,424 properties. Over the last 5 years, Houses in South Launceston have seen a 52.83% increase in median value, while Units have seen a 57.66% increase. As at 31 January 2026:
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