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Overview
This investment property features a well-maintained block of three separate units, presenting a unique opportunity for investors seeking steady returns through an established rental portfolio. The combined six bedrooms and three bathrooms across the units emphasize a practical layout with each unit comprising two bedrooms and open plan living, designed to meet modern lifestyle demands.
The properties’ updated kitchens and bathrooms reflect careful upkeep, adding comfort and appeal to long-standing tenants demonstrated by commendable rental histories and consistent occupancy levels. The convenience factor is enhanced by three undercover parking spots alongside additional off-street parking catering to visitors, a valuable asset in residential complexes.
Situated on a generous 716-square-metre land parcel in close proximity to George Town’s bustling centre, the location ensures residents can easily access local shops, cafes, and essential amenities.
- Reverse cycle air conditioning improving year-round climate control
- Secure fencing provides privacy and safety
- An outdoor entertainment area encourages social living and leisure
- Broadband internet availability supports modern connectivity needs
With a strong 8% gross yield and secure leases in place, this turnkey setup appeals to investors looking for sound income-producing assets in a growing market. Its combination of size, condition, and location offers balance between comfort and financial viability.
Local Market Insights
In Launceston And North East, Quiet Listings observed 35 new units entering the market over the last 30 days, up from 26 during the previous 30-day period, with an average advertised asking price of $520,757. The property type mix of listed properties is predominantly Houses at 62%, followed by land (16%), and units (15%). Harcourts was the most active agency in this area, representing 30.2% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
George Town TAS 7253
Market Insights for George Town TAS 7253
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