Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

1/8 Charles Street, South Launceston TAS 7249

Offers Over $449,000

Search Band Search Visibility Band

$449k - $471k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 2 Beds 1 Bath 1 Car 116 m² 67 m²

Listed: 37 days ago

Updated: 6 days ago

Overview

This ground floor unit at 1/8 Charles Street offers a practical and low-maintenance lifestyle option ideally suited to investors or downsizers looking ahead. Its proximity to Launceston General Hospital and the CBD means essential services, cafes, and shops are within walking distance, making the location a significant asset.

Featuring two bedrooms and a bathroom, the home is complemented by off-street parking for one vehicle and a small private courtyard that provides an easy-care outdoor space without the demands of larger grounds. The property is situated on a flat block, adding to its accessibility and convenience.

Long-term tenancy history underpins the property's investment appeal, with the current tenant established for 25 years, delivering consistent rental income at $340 per week. This stability, alongside the opportunity to review and potentially increase the rental return, suggests strong future income prospects.

Absence of body corporate fees further enhances affordability. The combination of maintenance ease, a solid tenancy track record, and a central location places this unit as a versatile asset for investors seeking long-term reliability or for those planning to secure a manageable residence for the future.

Local Market Insights

In Launceston And North East, Quiet Listings observed 24 new units entering the market over the last 30 days, up from 23 during the previous 30-day period, with an average advertised asking price of $543,875. The property type mix of listed properties is predominantly Houses at 67%, followed by land (16%), and units (9%). The most active agency for units in the Launceston And North East area is currently Harrison Humphreys Real Estate, representing 38% of new listings, followed by Harcourts with 25%. 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.