Multi-unit Property

56 Abbott Street

East Launceston TAS 7250, Australia

- Parking

1127 m² Land size

$36,000 Last sale (1987)

Multi-unit Complex profile

About this property

56 Abbott Street is a residential apartment unit in East Launceston. The unit offers two bedrooms, one bathroom and a single car space. It sits on a land parcel of approximately 1,127 m² within a low‑rise multi‑unit street. The property is currently off‑the‑market and is managed by The Agency.

estimated market value places the market value around $580,000, while the latest rent estimate is $475 per week, reflecting a healthy rental yield. Lease history shows a steady increase in weekly rent from $240 in 2018 to $380 in 2022. The unit falls within the catchment of East Launceston Primary School and is close to a range of local amenities and services

Key details

Locality: East Launceston
State: TAS
Coordinates: 41.43944094 / 147.15140314
GNAF PID: GATAS702180996
Legal parcel ID: 30746/2
Remoteness area: Regional
Property type: Apartment
Land size: 1127 m²
Bushfire risk: None detected
Flood risk: None detected
Land Use Category: Residential

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent per unit

$491

Expected property value per unit

$580,000

Estimated yield

4.4%

Confidence

Medium

Based on the comparable property evidence currently available.

Sales history

Sales figures shown here are for individual units within the property, not the whole site.

Event	Date	Price	Price per m²
Sale	6 Apr 1987 Only recorded historic sale; no recent sale data.	$36,000	$31

Price per m² based on land size of 1127 m².

Property insights

Property Features

Car spaces: 1 Aussie.com.au

Recorded sales and leasing agents

Recorded sale agency (1987 sale): The Agency recorded for the 1987 sale

Area insights

The surrounding precinct places hospitality venues and civic services within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic

ABC Northern Tasmania local radio station; 0.3 km away
St Lukes Private Hospital hospital; 0.7 km away
Kurrajong House hotel; 0.5 km away
Quality Hotel Colonial Launceston hotel; 0.7 km away
Launceston Aquatic aquatic centre; 0.8 km away

Read suburb profile

Real Estate Agencies

Ordered by:

Harrison Agents - Launceston

1.0 km

48 Brisbane Street, Launceston, TAS 7250

Key2 Property

1.3 km

101 Galvin Street, South Launceston, TAS 7249

Harcourts - Launceston

0.9 km

112-114 George Street, Launceston, TAS 7250

The Agency

1.2 km

117 Cimitiere Street, Launceston, TAS 7250

Sims for Property - Launceston

41 Arthur Street, East Launceston, TAS 7250

Peter Lees Real Estate - Launceston

1.2 km

152 Brisbane Street, Launceston, TAS 7250

Parry Property - INVERMAY

3.4 km

287 Invermay Road, Invermay, TAS 7248

Living Here - Launceston

0.8 km

25 Invermay Road, Launceston, TAS 7250

Howell Property Group - Residential

1.0 km

Level 2, 97a York Street, Launceston, TAS 7250

Bushby Creese - Launceston

0.3 km

4/17-19 Abbott Street, East Launceston, TAS 7250

Signature Property Launceston

5.4 km

64 Penrith Street, Riverside, TAS 7250

McGrath - Launceston

1.3 km

83 Frankland Street, Launceston, TAS 7250

Elders Real Estate Launceston

1.2 km

54 Cameron Street, Launceston, TAS 7250

Belle Property - Launceston

0.6 km

111 Elphin Road, Newstead, TAS 7250

Thomas & Associates Tasmania

0.6 km

99 Elphin Road, Newstead, TAS 7250

One Agency - LAUNCESTON

1.5 km

level 2, 68-70 St John Street, Launceston, TAS 7250

Launceston

0.9 km

219 Charles St, Launceston, TAS 7250

Jenkins & Co. Property - GREATER LAUNCESTON

3.2 km

112B Hobart Road, Kings Meadows, TAS 7249

Flanagan Residential Pty Ltd - LAUNCESTON

0.8 km

108a Tamar Street, Launceston, TAS 7250

* Approximate straight-line distances

Nearby schools

Type:

Ordered by:

East Launceston Primary School

0.3 km

Primary school | Government

St Thomas More's Catholic School

0.8 km

Primary school | Catholic

The Launceston Preparatory School

0.6 km

Primary school | Independent

Scotch Oakburn College Elphin Campus

0.6 km

Primary school | Independent

Launceston Church Grammar School - Junior Campus

0.7 km

Primary school | Independent

Community Christian Academy

1.1 km

Combined school | Independent

John Calvin School

1.1 km

Combined school | Independent

Newstead College

1.1 km

Secondary school | Government

Scotch Oakburn College Penquite Campus

1.8 km

Secondary school | Independent

Punchbowl Primary School

1.9 km

Primary school | Government

Sacred Heart Catholic School

1.6 km

Primary school | Catholic

Glen Dhu Primary School

1.9 km

Primary school | Government

Launceston College

1.5 km

Secondary school | Government

Queechy High School

2.5 km

Secondary school | Government

Kings Meadows High School

3.8 km

Secondary school | Government

St Patrick's College

4.1 km

Secondary school | Catholic

Prospect High School

4.3 km

Secondary school | Government

Launceston Church Grammar School - Senior Campus

3.9 km

Secondary school | Independent

Newstead Child Care Centre

1.6 km

Green Leaves Early Learning Launceston

1.5 km

* Approximate straight-line distances

Frequently asked questions

What building-wide details are listed?

56 Abbott Street is described with land size of 1,127 m²

Which primary school is closest to the property?

East Launceston Primary School is the nearest primary school, located about 0.1 km away

Which secondary school is nearest to the property?

Newstead College is the closest secondary school, situated roughly 1.1 km from the address

What local amenities are within walking distance?

Nearby amenities include ABC Northern Tasmania radio station (0.3 km), Kurrajong House hotel (0.5 km), Quality Hotel Colonial Launceston (0.7 km), St Lukes Private Hospital (0.7 km) and Launceston Aquatic centre (0.8 km)

What kind of property is this?

56 Abbott Street is listed as Apartment in East Launceston, TAS

What Calculated market estimate or Estimated weekly rent is available?

The calculated market estimate per unit is $580,000, the calculated weekly rent per unit is $491 per week, and the indicative gross yield is 4.4%

What recent sale price or sale history is recorded?

56 Abbott Street has a recorded sale at $36,000 on 06 Apr 1987

What utilities, overlays, or risk details are noted?

Utilities and overlays include overlay details of bushfire No bushfire risk and flood No flood risk

Related profiles

Jump to the related profiles for 56 Abbott Street, including the surrounding street and suburb pages.

Suburb profile

East Launceston

Browse the suburb profile, property mix, and related area data.

View suburb profile

Street profile

Abbott Street

See the street-level property page and compare nearby listings.

View street profile