Low Maintenance Living in East Launceston!

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

1/72 Arthur Street, East Launceston TAS 7250

Offers Over $550,000

Search Band Search Visibility Band

$500k - $550k High Confidence Calculated based on strong search observations.

Unit 2 Beds 1 Bath 1 Car 185 m²

Listed: 33 days ago

Updated: 26 days ago

Overview

Set in the highly regarded East Launceston suburb, this tidy brick unit offers a blend of convenience and low-maintenance living, ideal for first home buyers, downsizers, or investors seeking a city fringe location. Its compact footprint of approximately 185 square meters lends itself to ease of upkeep without sacrificing essential lifestyle amenities.

The property comprises two comfortable bedrooms alongside a well-appointed bathroom, complemented by a separate dedicated laundry space that enhances functionality. Highlighting practical living, secure off-street parking is provided via a lock-up garage with an electric roller door, offering valuable undercover parking and storage options—particularly appealing for those valuing security and convenience.

Positioned near St Georges Square, the location provides close proximity to a range of local schools including East Launceston Primary, Launceston Church Grammar School's Junior Campus, and Scotch Oakburn College, making it suitable for families prioritizing education. The nearby cafes, parks, and retail establishments foster an accessible lifestyle, while Launceston’s CBD is within easy reach for professionals and those seeking urban amenities.

This property is currently vacant, presenting flexibility for immediate occupation or investment with the potential for rental returns estimated between $500 and $520 per week. It offers a compelling opportunity for buyers wishing for a manageable, well-connected home with both residential comfort and practical features.

Neat, low-maintenance brick construction ensuring durability and minimal upkeep
Separate laundry enhancing everyday convenience
Secure off-street parking with lock-up garage and electric roller door for peace of mind
Vacant possession providing buyer flexibility
Desirable East Launceston locale close to schools, amenities, and CBD
Potential rental income, attractive for astute investors

This unit balances practicality and location to meet the needs of a range of buyers, from those entering the market or seeking a simpler lifestyle to investors wanting a well-positioned asset close to educational and urban facilities.

Local Market Insights

In East Launceston, Quiet Listings observed 13 new units entering the market over the last 30 days, up from 10 during the previous 30-day period, with an average advertised asking price of $580,769. The property type mix of listed properties is predominantly Houses at 63%, followed by land (16%), and units (13%). The most active agency for units in the East Launceston area is currently Harcourts, representing 31% of new listings, followed by Harrison Humphreys Real Estate with 15%. 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.