$630000

4 Bed  •  2 Bath  •  2 Car

Main view of Homely house listing, 5 West Street, South Launceston TAS 7249
Floorplan of Homely house listing, 5 West Street, South Launceston TAS 7249
Second view of Homely house listing, 5 West Street, South Launceston TAS 7249
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5 West Street, South Launceston TAS 7249

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$630000

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House for sale54 days on Homely

What's around West Street

House description

“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.

Property features

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Built-in Robes

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Courtyard

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Dishwasher

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