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Back 2/5 King Street
Off Market

2/5 King Street

Perth TAS 7300

2
1
2
78 m²
247 m²
Unit
Last sold for $500,000
Katrina GarwoodKatrina Garwood, last sold this property on 10 June 2026 after 14 days on market.

Overview

Smart, Simple and Well Positioned in the Heart of Perth

Positioned in one of Northern Tasmania's most convenient satellite townships, 2/5 King Street, Perth presents an excellent opportunity for investors, first-home buyers and downsizers seeking a low-maintenance property with strong everyday appeal. Set on approximately 247m², the unit offers 2 bedrooms, 1 bathroom and secure off-street parking. The layout is practical, easy to live in and well suited to tenants, owner-occupiers or buyers looking to simplify without sacrificing location. Perth continues to grow in popularity thanks to its central position between Launceston, Longford, Evandale and the Launceston Airport precinct. Residents enjoy the feel of a quieter township while remaining well connected to employment, schools, shops, medical services, public transport and major arterial routes. For investors, the property offers an affordable entry point into a tightly held and increasingly practical market. With 2-bedroom rental demand supported by local workers, downsizers, singles and small households, this is the type of property that should remain broadly appealing over time. For first-home buyers, it represents a realistic pathway into the market without compromising on convenience. For downsizers, it provides a manageable home base with less upkeep and easy access to the services that matter. Key details: • 2 bedrooms • 1 bathroom • 1 car space • Approx. 247m² land size • Practical, low-maintenance unit • Strong investor, first-home buyer and downsizer appeal • Convenient Perth location close to services and transport links

Features

2 bedrooms
1 bathroom
2 carspaces
1 open car space
1 garage space
78 m² floor area
247 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Perth over the last 12 months, the estimated median property value of 2/5 King Street is $522.5k.

Median value
$522.5k
Estimated value range
$465k - $555k
Median days on market
26
Estimated value trend
14%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Perth. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2/5 King Street

2026
Sold
$500,000
10 Jun 2026 by Katrina Garwood, of The Agency Northern Tasmania
2018
Rented
Undisclosed
Leased on 19 Sep 2018 by One Agency Launceston
2018
Rented
Undisclosed
Leased on 21 May 2018 by One Agency Launceston

Happy sellers in Perth

90%
90% of sellers in Perth reported that their sale price either exceeded or met their price expectations.

Perth stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 23 reviews in Perth over the last 12 months.

Local market activity for 2 bedroom units in Perth

In the last 12 months, 2 two-bedroom units similar to 2/5 King Street, have been sold.

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