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Back 5/5 Rankine Street
Off Market

5/5 Rankine Street

Riverside TAS 7250

2
1
1
358 m²
Unit
Last sold for $550,000
Michael DearsleyMichael Dearsley, last sold this property on 02 June 2026 after 97 days on market.

Overview

Secure, Low-Maintenance Living

Positioned within a secure and well-maintained complex, this solid brick unit delivers comfortable, low-maintenance living in one of Riverside's most convenient pockets. Step inside and you're welcomed into a generous open-plan living, dining and kitchen zone that is light-filled, practical and designed for easy everyday living. The modern kitchen is spacious and well appointed, offering excellent bench space and ample storage, making it as functional as it is inviting. The living and dining area captures beautiful natural sunlight and feels impressively spacious. Sliding doors provide seamless access to a private, low-maintenance yard featuring artificial turf, allowing you to enjoy an outdoor area year-round without the upkeep, ideal for entertaining or simply relaxing. Both bedrooms are well-proportioned and include built-in robes, while the main bathroom is modern in finish and thoughtfully designed, featuring a bath and the added convenience of a separate toilet. Outside, the home continues to impress with an undercover carport, a handy garden shed for additional storage, and a flat, easy-care allotment that enhances the overall practicality of the property. The property is also connected to NBN Fibre to the Premises, ensuring fast and reliable internet. Located just moments from Riverside Shopping Centre, public transport, walking tracks and quality local schools including Riverside Primary, Riverside High and the highly sought-after Trevallyn Primary School, with the Launceston CBD only a short drive away. Body corporate fees are approximately $1,750 per annum which incorperates the building insurance . The property is currently rented at $420 per week, with an increase due to $450–$470 per week, presenting a solid investment opportunity. The information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.

Features

2 bedrooms
1 bathroom
1 carspace
1 carport space
358 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Riverside over the last 12 months, the estimated median property value of 5/5 Rankine Street is $461k.

Median value
$461k
Estimated value range
$333k - $591k
Median days on market
23
Estimated value trend
20%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Riverside. 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 5/5 Rankine Street

2026
Sold
$550,000
02 Jun 2026 by Michael Dearsley, of Harrison Agents Launceston
2024
Rented
Undisclosed
Leased on 22 Sep 2024 by Harcourts West Tamar
2023
Rented
Undisclosed
Leased on 29 Mar 2023 by Parry Property

Happy sellers in Riverside

88%
88% of sellers in Riverside reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 54 reviews in Riverside over the last 12 months.

Local market activity for 2 bedroom units in Riverside

In the last 12 months, 10 two-bedroom units similar to 5/5 Rankine Street, have been sold.

This represents a 9% increase in two-bedroom units sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Riverside

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Jeremy Wilkinson

Sellers who recommend Jeremy Wilkinson have praised them for being clear communication, local expert, responsive, honest, supportive, reliable and friendly

  •   4.9   (890 reviews)
  •  17 Reviews in Riverside
  •  29 Sales in Riverside
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Michael Dearsley

Sellers who recommend Michael Dearsley have praised them for being clear communication, local expert, responsive, friendly, supportive, dedicated and honest

  •   5   (327 reviews)
  •  8 Reviews in Riverside
  •  10 Sales in Riverside
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Luke French

Sellers who recommend Luke French have praised them for being clear communication, local expert, great negotiation, honest, dedicated, reliable and friendly

  •   5   (140 reviews)
  •  10 Reviews in Riverside
  •  6 Sales in Riverside
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Paul Flanagan

Paul Flanagan is an award winning recommended agent for Riverside.  They have 6 local sales and collected 4 local reviews across the last 12 months.

  •   4.9   (263 reviews)
  •  4 Reviews in Riverside
  •  6 Sales in Riverside
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