5 West St, South Launceston, TAS, 7249 - House Sold on 23 10 2025

SoldOct 23, 2025

5 West St, South Launceston, TAS, 7249

Amount undisclosed

House

•

30+ days on the market

Sold: Oct 23, 2025

What's around 5 West St

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.