Multi-unit Property

59 Abbott Street

East Launceston TAS 7250, Australia

- Parking

678 m² Land size

$540,000 Last sale (2023)

Multi-unit Complex profile

About this property

59 Abbott Street is a detached, one‑storey house built in 1920 in the inner‑city suburb of East Launceston. The residence sits on a 678 m² block and offers 156 m² of internal floor area, providing ample space for a large family. Recent renovations include modernised bathrooms and a refreshed interior, and the property benefits from a double garage with additional off‑street parking.

The house sold for $540,000 in October 2023 and is currently leased at $800 per week, indicating a strong rental yield. Zoning is General Residential, and the marketing notes highlight potential for redevelopment subject to council approval (STCA) with side access to the garage

Key details

Locality: East Launceston
State: TAS
Coordinates: 41.4402582 / 147.15253872
GNAF PID: GATAS702180975
Legal parcel ID: 47048/1
Remoteness area: Regional
Property type: House
Land size: 678 m²
Built: 1920
Internal area: 156 m² (estimate per unit)
Unit land size: 678 m² (estimate per unit)
Water rates: $1,000 per year
Council rates: $1,500 per year
Bushfire risk: None detected
Flood risk: None detected
Heritage overlay: None detected
Zoning: General Residential
Land Use Category: Residential

Market estimates

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

Expected weekly rent per unit

$880

Expected property value per unit

$610,000

Estimated yield

7.5%

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 Oct 2023 Unit Sale	$540,000	$796
Sale	11 May 2014 Displayed as a sample history entry; may not be an official transaction.	$834,000	$1,230
Sale	2 Jan 2001 Displayed as a sample history entry; may not be an official transaction.	$512,000	$755

Price per m² based on unit land size of 678 m².

Rental history

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

Event	Date	Weekly rent
Lease	22 Oct 2024 Individual unit transaction; unit not specified in source.	$800/week
Lease	12 Aug 2006 Sample historical rent (unverified); Displayed as a sample history entry; may not be an official transaction.	$350/week

Property insights

Property Features

2 Modernised bathrooms Harcourts.net
678 M² block Harcourts.net
Potential for redevelopment (STCA) with side access to garage
Potential for development (STCA) with side access to double garage
One‑storey / low‑set detached residence
Spacious 5‑bedroom detached house: 156 m² internal floor area on a 678 m² block, double garage, 2 modern bathrooms
Location & lifestyle: ~5 min drive to Launceston CBD, close to bus routes, schools and Abbott Street shopping precinct
Car spaces: 4
Floor area: 156 m²

Recorded sales and leasing agents

Selling agent: Harcourts Launceston – Phone 03 6337 9700 Harcourts.net
Recorded sale agency (2023 sale): Harcourts Launceston recorded for the 2023 sale
Recorded listing contacts: Harcourts Launceston 03 6337 9700

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 Australian radio station; 0.5 km away
St Lukes Private Hospital hospital in Australia; 0.8 km away
Areca Launceston hotel; 0.9 km away
Balmoral on York hotel; 0.9 km away
Best Western Plus Launceston hotel; 1.0 km away

Read suburb profile

Real Estate Agencies

Ordered by:

Harrison Agents - Launceston

1.1 km

48 Brisbane Street, Launceston, TAS 7250

Key2 Property

1.3 km

101 Galvin Street, South Launceston, TAS 7249

Harcourts - Launceston

1.0 km

112-114 George Street, Launceston, TAS 7250

The Agency

1.4 km

117 Cimitiere Street, Launceston, TAS 7250

Sims for Property - Launceston

0.2 km

41 Arthur Street, East Launceston, TAS 7250

Peter Lees Real Estate - Launceston

1.3 km

152 Brisbane Street, Launceston, TAS 7250

Parry Property - INVERMAY

3.5 km

287 Invermay Road, Invermay, TAS 7248

Living Here - Launceston

0.9 km

25 Invermay Road, Launceston, TAS 7250

Howell Property Group - Residential

1.1 km

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

Bushby Creese - Launceston

0.4 km

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

Signature Property Launceston

5.5 km

64 Penrith Street, Riverside, TAS 7250

McGrath - Launceston

1.3 km

83 Frankland Street, Launceston, TAS 7250

Elders Real Estate Launceston

1.3 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

1.6 km

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

Launceston

1.0 km

219 Charles St, Launceston, TAS 7250

Jenkins & Co. Property - GREATER LAUNCESTON

3.1 km

112B Hobart Road, Kings Meadows, TAS 7249

Flanagan Residential Pty Ltd - LAUNCESTON

0.9 km

108a Tamar Street, Launceston, TAS 7250

* Approximate straight-line distances

Nearby schools

Type:

Ordered by:

East Launceston Primary School

0.2 km

Primary school | Government

St Thomas More's Catholic School

0.6 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

0.8 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

1.7 km

Secondary school | Independent

Punchbowl Primary School

1.7 km

Primary school | Government

Sacred Heart Catholic School

1.7 km

Primary school | Catholic

Glen Dhu Primary School

1.9 km

Primary school | Government

Launceston College

1.6 km

Secondary school | Government

Queechy High School

2.4 km

Secondary school | Government

Kings Meadows High School

3.7 km

Secondary school | Government

St Patrick's College

4.0 km

Secondary school | Catholic

Prospect High School

4.3 km

Secondary school | Government

Launceston Church Grammar School - Senior Campus

4.1 km

Secondary school | Independent

Newstead Child Care Centre

1.5 km

Green Leaves Early Learning Launceston

1.4 km

* Approximate straight-line distances

Frequently asked questions

How many parking spaces are available?

Four parking spaces – a double garage plus two off‑street spaces

How many bedrooms does the property have?

The house has five bedrooms

How many bathrooms are there?

There are two modernised bathrooms

What was the recent sale price?

The property sold for $540,000 on 6 October 2023

What is the current weekly rent?

It is leased for $800 per week on a 12‑month term

What is the property type?

It is a standalone detached house (single‑family dwelling)

Is there development potential on the site?

Yes – the marketing notes mention potential for development (STCA) with side access to the double garage

Which suburb is the property located in?

The property is located in East Launceston

Related profiles

Jump to the related profiles for 59 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