For Sale

1/8 Charles Street, South Launceston, Tas 7249

Offers Over $479,000

Unit

Type

Bedrooms

Bathrooms

Parkings

116 m²

Area

Published on Thursday, September 24, 2026 ( See property details for 1/8 Charles Street, South Launceston, Tas 7249)

Offers Over $479,000

Wayne Riethoff Bec Gardner Property Partners

Call Message Chat

Track this property Request an inspection

Report Title Search CMA Report Suburb Profile

AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-located, low-maintenance ground floor unit with a long-term tenant, offering excellent investment and lifestyle potential in South Launceston.

🏡 Property Highlights

Exceptional long-term tenancy of 25 years providing rental stability
Highly accessible location just 100 metres from Launceston General Hospital
Walking distance to Launceston CBD, cafes, shops, and amenities
Low maintenance ground floor unit with a private courtyard
No body corporate fees, reducing ongoing costs
Current rental income of $340 per week with potential for increase

✨ Key Features

Built-in Robes
Outdoor Area
Open-Plan Living
Secure Parking
Waterfront / Views
Low-Maintenance Yard
Fully fenced
Internal Laundry
Floorboards
Pet-Friendly

Suburb and Property Insights of South Launceston, TAS 7249

South Launceston offers a vibrant community with excellent amenities, including medical facilities, shopping, and dining options. The area boasts convenient walkability to the CBD, making it ideal for professionals and investors alike. Its flat, accessible terrain and proximity to Launceston General Hospital enhance its appeal for those seeking a practical and connected lifestyle. The neighbourhood combines urban convenience with a peaceful residential environment, perfect for downsizers or rental investors looking for stability and growth potential.

Frequently Asked Questions

What is the condition of the property and are there any recent renovations?

The property is well-maintained with no recent renovations noted, and it is move-in ready with a long-term tenant in place.

What are the ongoing costs associated with this property?

There are no body corporate fees, and ongoing costs include council rates, maintenance, and utilities.

Is the property suitable for future redevelopment or expansion?

The property sits on a flat, single-level block, ideal for potential future modifications subject to council approval.

What are the zoning and planning restrictions for this property?

The property is zoned for residential use within South Launceston, with no known restrictions affecting its current use.

Are there any known issues or defects with the property?

No known issues or defects have been reported; the property has a stable 25-year tenancy history.

What to ask about this property to agent?

Are there any upcoming council or development plans in the area that could affect property value or lifestyle? What are the specific terms of the current lease, and are there any rent review clauses? Are there any easements, covenants, or restrictions on the property? Has the property been inspected for pests, mold, or structural issues? Are there any planned maintenance or repairs expected in the near future?

1/8 Charles Street, South Launceston, Tas 7249 - More Details

Offers Over $479,000

Positioned just moments from Launceston General Hospital and within easy walking distance of the CBD, this well located ground floor co joined unit presents an appealing opportunity for investors and those looking to secure a low maintenance property for the future.

Offering two bedrooms, one bathroom and off street parking for one vehicle, the home sits on a flat block and also enjoys a small private courtyard at the rear, providing a simple outdoor space without the upkeep of a larger property.

For investors, the property comes with the added benefit of an exceptional long term tenancy. The current tenant has called the property home for an impressive 25 years, providing a remarkable history of occupancy and consistency. The property is currently leased at $340 per week, with the opportunity to review the rental return at the conclusion of the current tenancy period. The current market rental estimate indicates there is scope for an increase.

The location is a key feature, with Launceston General Hospital approximately 100 metres away and the CBD around a 10 minute walk, placing medical services, shops, cafes, restaurants and everyday amenities within easy reach.

Property highlights

Two bedrooms

One bathroom

Off street parking for one vehicle

Ground floor co joined unit

Flat block

Small rear courtyard

No body corporate fees

Long term tenant of 25 years

Current rent of $340 per week

Scope to review rental return at the end of the current rental period

Approximately 100 metres to Launceston General Hospital

Approximately 10 minute walk to Launceston CBD

Whether you're an investor seeking a property in a highly accessible location close to the hospital and CBD, or someone looking to secure a future downsizer now while retaining the benefit of a current rental income, this property offers flexibility for both strategies.

Low maintenance, conveniently positioned and backed by an exceptional 25 year tenancy history, this is a property that offers both immediate investment appeal and long term lifestyle potential.

*Viewing is by appointment only and requires 48 hours' notice.

Type: Unit
Bedrooms: 2
Bathrooms: 1
Parkings: 1
Area: 116 m²
House Size: 67 m²

Email Enquiry To The Agency - Team Bushby

<div><input id="g-recaptcha-response_captcha_468532808" name="g-recaptcha-response" type="hidden"></input><script>var recaptchaJSLoaded = true; 
                var onloadCallbackcaptcha_468532808 = function() {
                    var form = $('input[id="g-recaptcha-response_captcha_468532808"]').closest('form');
                    var btn = $(form.find(':submit')[0]);

Wayne Riethoff Bec Gardner

Call

1/8 Charles Street, South Launceston, Tas 7249

Price Information

Schedule an Inspection

Rates & Fees

Similar Properties

Full Name

phone

Which describes you best?

Message

Personal Information Collection Statement

This form is only to be used for sending genuine email enquiries to the Agent. Real Search Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Explore More About South Launceston

<div><input id="g-recaptcha-response_captcha_1059012132" name="g-recaptcha-response" type="hidden"></input><script>var recaptchaJSLoaded = true; 
                var onloadCallbackcaptcha_1059012132 = function() {
                    var form = $('input[id="g-recaptcha-response_captcha_1059012132"]').closest('form');
                    var btn = $(form.find(':submit')[0]);

Help Us Maintain Accuracy: Report Data Errors

At Real Search, we strive for the highest level of accuracy in all our property listings and real estate information. Despite our best efforts, errors can occur. If you spot any inaccuracies or inconsistencies in property details, descriptions, or any other data, we encourage you to report them to us immediately. Your input helps us maintain the quality and reliability of our platform, benefiting all users—buyers, sellers, and agents alike.

To report an error, please click the "Report Error" button on the respective listing or reach out to us directly via our contact page. We appreciate your vigilance and collaboration in ensuring the integrity of our data.

Name

Phone

Message

Disclaimer

Our service utilises AI search capabilities based on publicly available indexed data for non-commercial purposes and testing phase. The above information is an excerpt from publicly available data and may be subject to errors or changes. RealSearch.com.au makes no representations or warranties regarding the accuracy of this data. Please consult the Agency/Agents directly for the most up-to-date information.