34 Upton Street LAUNCESTON, 7250

Prime Investment Opportunity with $890 Weekly Rental Income

Perched in the heart of Launceston, 34 Upton Street presents a rare and unique investment opportunity in an unbeatable location. This well-maintained property comprises three self-contained units on a single title. With a total rental income of approximately $890 per week and a return of over 6% approx. this property represents a solid and reliable investment with immediate income and strong long-term potential.

The property consists of two one-bedroom units and one two-bedroom unit, and thoughtfully designed to offer comfortable, functional living spaces.

Unit 1 features a large bedroom with a built-in robe, a spacious lounge, and a sunlit kitchen that captures a lovely outlook across Launceston. The layout also includes a neat & tidy bathroom and a separate laundry, ensuring practicality for everyday living. This unit is equipped with parking with a garage for the added convenience.

Unit 2 offers two generous bedrooms, a separate lounge and kitchen area, and the advantage of a fully fenced yard - perfect for added privacy or outdoor enjoyment. This unit also includes gas hot water and a dedicated off-street parking space.

Unit 3 has recently been updated with new carpet and a fresh coat of paint throughout, creating a bright and inviting environment. It includes one bedroom, a neat bathroom, and a functional kitchen fitted with quality appliances. The kitchen adjoins to the comfortable living space.

Overall, the property has undergone significant upgrades, with full rewiring and a roof replacement completed within the past ten years, offering peace of mind for future owners. each unit has its hot water system. The location is exceptional - within walking distance to the Launceston General Hospital, city parks, and the Launceston CBD, making it highly desirable for tenants and ensuring consistent rental demand.

Whether you're an investor looking to expand your portfolio or seeking a property with excellent income potential in an outstanding position, 34 Upton Street offers a rare and rewarding investment opportunity in the heart of Launceston.

Rental income
Unit 1 - $290 per week until July 2026
Unit 2 - $320 per week until June 2026
Unit 3 - $280 per week until April 2026

Built: 1920
Land size: 547m2 approx.
Water rates total: $3,000pa approx.
Council rates: $4,205.42pa approx.
Zoning: Inner Residential
School catchments: West Launceston Primary School & Launceston College

Sims for Property has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.