Charming Home in a Quiet East Launceston Position

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18 Erina Street, East Launceston TAS 7250

Best Offers Over $699,000

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$699k - $734k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 559 m²

Listed: 27 days ago

Overview

Situated in a serene off-street location at the fringe of East Launceston and Newstead, this residence at 18 Erina Street is a compelling choice for buyers looking for comfort, versatility, and long-term value in a sought-after area of Tasmania's capital.

The home benefits from abundant natural light, creating an inviting ambiance throughout multiple living zones. Its well-sized three bedrooms are complemented by a separate study, offering flexible space ideal for home offices or additional living needs. The kitchen is thoughtfully designed to flow seamlessly into the dining and living areas, promoting easy family interaction and entertaining.

Adding to the home's appeal is an outdoor entertaining deck overlooking a manageable yard framed by established greenery, providing a peaceful retreat and low-maintenance lifestyle. While comfortably presented, the property also holds potential for personalization, allowing owners to progressively invest in refreshing and enhancing the space to their taste and requirements.

The location is particularly beneficial for families, given its close proximity to Scotch Oakburn College - Elphin Campus, a notable educational institution in Launceston. Convenience is further underscored by nearby cafes, parks, the Launceston General Hospital, and the central business district, all within easy reach.

Currently tenanted until September with a weekly rent of $450 and a rental appraisal suggesting a potential increase to around $520, the property presents a strong investment opportunity with promising future returns.

Land area of approximately 559 sqm offers ample space for outdoor activities or enhancements.
Multiple living areas and a dedicated study provide flexible lifestyle options.
Well-positioned near quality schooling and essential amenities.
Strong investment potential supported by current tenancy and rental appraisal.

This property is suited to buyers seeking a well-located family home with flexibility and growth potential, as well as investors targeting steady rental income in a stable market.

Local Market Insights

In East Launceston, Quiet Listings observed 61 new houses entering the market over the last 30 days, up from 46 during the previous 30-day period, with an average advertised asking price of $776,230. The property type mix of listed properties is predominantly Houses at 57%, followed by land (21%), and units (15%). The most active agency for houses in the East Launceston area is currently Harcourts, representing 20% of new listings, followed by Harrison Humphreys Real Estate with 18%. 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.