Back 5 West St
Off Market

5 West St

South Launceston TAS 7249

4
2
2
House
Damien SpringerDamien Springer, last sold this property on 22 October 2025 after 57 days on market.

Overview

Dual Occupancy Investment With Solid Return

Astute investors seeking immediate cash flow and long-term upside will find 5 & 5a West Street in South Launceston a compelling addition to their portfolio. Set on a single title in a tightly held inner-city precinct, this dual-dwelling offering presents a rare opportunity to acquire two income streams in one, without the complications of strata. Comprising a character-filled three-bedroom home at the front and a separately metered, council-approved one-bedroom unit at the rear, the property currently delivers a combined rental return of $790 per week, translating to a yield which would be well above average for the area. Key Features: • Main residence tenanted at $490 p/w. • 3 bedrooms, 1 bathroom. • Rear residence tenanted at $300 p/w. • 1 bedroom, 1 bathroom • A one minute stroll to the LGH and five minutes into the CBD. Opportunities to secure dual-income properties of this calibre in South Launceston are exceedingly rare. Whether you're a yield-focused investor or looking for a live-in-and-lease scenario, 5 & 5a West Street is a strategic acquisition in one of Tasmania's most resilient rental markets. Contact Damien today to arrange your inspection. *Ray White Launceston has no reason to doubt the accuracy of this information which has been obtained from sources considered to be reliable; however, we cannot guarantee it. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 open car spaces
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in South Launceston over the last 12 months, the estimated median property value of 5 West St is $632.5k.

Median value
$632.5k
Estimated value range
$455k - $955k
Median days on market
67
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Launceston. 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 West St

2025
Sold
Undisclosed
22 Oct 2025 by Damien Springer, of Ray White Launceston
2025
Rented
Undisclosed
Leased on 25 Aug 2025 by Ray White Launceston
2025
Rented
Undisclosed
Leased on 24 Aug 2025 by Ray White Launceston

Happy sellers in South Launceston

94%
94% of sellers in South Launceston reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 25 reviews in South Launceston over the last 12 months.

Local market activity for 4 bedroom houses in South Launceston

In the last 12 months, 20 four-bedroom houses similar to 5 West St, have been sold.

This represents a 50% decrease in four-bedroom houses sales when compared to the previous 12 months.

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