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.

Explore the area

School catchments

John Calvin School Combined Prep-10 Independent 0.13km
Glen Dhu Primary School Primary K-6 Government 0.79km
Sacred Heart Catholic School Primary Prep-6 Catholic 0.97km
East Launceston Primary School Primary K-6 Government 1.0km
St Thomas More's Catholic School Primary Prep-6 Catholic 1.2km
West Launceston Primary School Primary K-6 Government 1.3km
Launceston College Secondary 11-12 Government 1.3km
OneSchool Global - Launceston Campus Combined Independent 1.4km
Launceston Church Grammar School - Junior Campus Primary Independent 1.7km
The Launceston Preparatory School Primary Prep-6 Independent 1.7km
Scotch Oakburn College - Elphin Campus Primary Independent 1.8km
Punchbowl Primary School Primary K-6 Government 1.8km
Scotch Oakburn College Combined Prep-12 Independent 2.1km
Newstead Christian School Combined Prep-10 Independent 2.1km
Newstead College Secondary 11-12 Government 2.3km
Launceston Big Picture School Secondary 9-12 Government 2.4km
Summerdale Primary School Primary K-6 Government 2.5km
Trevallyn Primary School Primary K-6 Government 2.7km
Queechy High School Secondary 7-12 Government 2.7km
St Patrick’s College - Croagh Patrick Centre Secondary Catholic 3.0km
St Patrick's College Secondary 7-12 Catholic 3.1km
Kings Meadows High School Secondary 7-12 Government 3.1km
Prospect High School Secondary 7-12 Government 3.2km
Launceston Church Grammar School Secondary Prep-12 Independent 4.7km
Riverside High School Secondary 7-11 Government 5.8km
Launceston Christian School Combined Prep-12 Independent 6.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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