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1/40 Elouera Street, Riverside$299,000
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For Saleapartment

1/40 Elouera Street

Riverside, TAS 7250, Australia
$299,000
1 bed 1 bath 1 car70 m²

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About this property

Positioned in a quiet and convenient Riverside location, this renovated one-bedroom brick unit offers an easy lifestyle option for first home buyers, downsizers or investors. North facing and private, the home enjoys excellent natural light and a functional layout. With a tenant in place until May 2026 and whitegoods included, it's a ready-made investment or a smart future move into a highly sought-after suburb. Key Features: • Renovated brick one-bedroom unit • North facing, sunny and private aspect • Courtyard directly off the living space • Open plan modern kitchen, dining and living area • Whitegoods included - refrigerator/freezer and washing machine • Bedroom with built-in wardrobe • Light and modern bathroom with laundry incorporated • Reverse cycle air conditioning • Easy investment with tenant in place until May 2026 or ideal first home or downsizer • Located near the Tailrace Centre with extensive walking and cycling tracks • Walking distance to Riverside Shopping Centre, community sports and local services • Close to public transport • Only 5 minutes' drive to Legana for shops, supermarket and services • Just 5 minutes to Launceston's CBD Contact Jeremy Wilkinson or Neil Hawkins for further information. Rental return: Upto $360pw Unit size: 40 sqm Carport size: 15 sqm Land size: 70 sqm Built: 1970 Council: West Tamar Zoning: General Residential Council Rates: $1,228 pa Strata: $1,740 pa **Harcourts Launceston 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. All measurements are approximate**

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Land Area
70 m²
Listed
3 months ago

Repayment calculator

$1,450/month
$725 /fortnight
Loan $239,200 at 6.10% over 30 years

Upfront costs

Deposit$59,800
Stamp duty$9,895
Conveyancing (est.)$2,000
Total upfront$71,695
Verify with TAS revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Riverside

This 1-bedroom apartment in Riverside, TAS 7250 sits within reach of public transport, local shops and nearby schools. It is listed 53% below the $635,000 median of 55 comparable apartmentswithin 5 km.

Schools near Riverside

  • Launceston Christian Schoolcombined · Prep-12 · CoEd
  • Riverside Primary Schoolprimary · K-6 · CoEd
  • St Anthony's Catholic Schoolprimary · Prep-6 · CoEd
  • Riverside High Schoolsecondary · 7-11 · CoEd

What's nearby

  • West Tamar Rd / Freeland Cr In (bus)227 m away
  • Knife Sharpening Service Launceston310 m away
  • Tailrace Park343 m away
  • Unnamed452 m away
  • Unnamed809 m away

Riverside at a glance

Full suburb profile
Population
7,326
Median age
40
Household income
$1,519/wk
Median rent
$300/wk
Median mortgage
$1,440/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Riverside price trend

Median sold · Unit 2 bed

Compound growth +2.2% / yr over 4 yrs

$448kcurrent median

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Price history

Price history

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1 price change recorded for this property

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