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5/5 Rankine Street, Riverside$550,000
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For Saleapartment

5/5 Rankine Street

Riverside, TAS 7250, Australia
$550,000
2 bed 1 bath 1 car358 m²

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About this property

Positioned within a secure and well-maintained complex, this solid brick unit delivers comfortable, low-maintenance living in one of Riverside's most convenient pockets. Step inside and you're welcomed into a generous open-plan living, dining and kitchen zone that is light-filled, practical and designed for easy everyday living. The modern kitchen is spacious and well appointed, offering excellent bench space and ample storage, making it as functional as it is inviting. The living and dining area captures beautiful natural sunlight and feels impressively spacious. Sliding doors provide seamless access to a private, low-maintenance yard featuring artificial turf, allowing you to enjoy an outdoor area year-round without the upkeep, ideal for entertaining or simply relaxing. Both bedrooms are well-proportioned and include built-in robes, while the main bathroom is modern in finish and thoughtfully designed, featuring a bath and the added convenience of a separate toilet. Outside, the home continues to impress with an undercover carport, a handy garden shed for additional storage, and a flat, easy-care allotment that enhances the overall practicality of the property. The property is also connected to NBN Fibre to the Premises, ensuring fast and reliable internet. Located just moments from Riverside Shopping Centre, public transport, walking tracks and quality local schools including Riverside Primary, Riverside High and the highly sought-after Trevallyn Primary School, with the Launceston CBD only a short drive away. Body corporate fees are approximately $1,750 per annum which incorperates the building insurance . The property is currently rented at $420 per week, with an increase due to $450$470 per week, presenting a solid investment opportunity. The information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
358 m²
Listed
3 months ago

Repayment calculator

$2,666/month
$1,333 /fortnight
Loan $440,000 at 6.10% over 30 years

Upfront costs

Deposit$110,000
Stamp duty$20,373
Conveyancing (est.)$2,000
Total upfront$132,373
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 2-bedroom apartment in Riverside, TAS 7250 sits within reach of public transport, local shops and nearby schools. It is listed 18% below the $670,000 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

  • Pomona Rd past Tamar Rise (bus)868 m away
  • Unnamed459 m away
  • Lions Park66 m away
  • Unnamed377 m away
  • Guilford Road Playground505 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

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Riverside market

Within 5km

Nearby Properties

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