LEGANA, TAS

This purpose-designed co-living property offers something distinctly different from a conventional new build multiple rental income streams from one asset, combined with a large titled allotment and a full-turnkey construction package. Set on approximately 710m² of land, the home provides approximately 240m² under roof and has been specifically designed as a rooming/shared-living property. The land is already titled, helping remove the uncertainty associated with waiting for future registration. The design balances private accommodation with shared living areas, creating a format intended to give residents their own space while still providing communal areas for everyday living. The builder describes the co-living concept as combining privacy, modern finishes and shared amenities to support tenant satisfaction and longer-term appeal. One of the strongest features is the income potential. The independent rental appraisal estimates approximately $200 to $225 per room per week. Across five rentable rooms, this equates to an indicative combined rental of approximately $1,000 to $1,125 per week, subject to market conditions at the time of leasing. At the current package figures, that represents an indicative gross yield of approximately 5.5% to 6.2%, before expenses and assuming all five rooms are leased within the appraised range. The property is also located within the broader Launceston growth region, where the supplied research highlights record sales activity, ongoing housing undersupply and strong rental demand. Legana is specifically identified as a retail growth corridor, while continued investment in Launceston’s education and health precincts is supporting the region’s role as a major northern employment and service centre. Unlike a traditional single-tenancy property, the co-living structure provides the potential to diversify rental income across several occupants, reducing reliance on one household for the entire rental return. Key Property Features - Purpose-designed co-living / rooming house - Five rentable rooms - Indicative combined rental of approximately $1,000–$1,125 per week - Approximately 5.5%–6.2% indicative gross yield based on current package figures - Approximately 710m² titled allotment - Approximately 240m² total floor area - Double garage - Fixed-price full-turnkey package - Shared living and dining areas - Modern kitchen plus additional kitchenette facilities - Double-glazed windows - Blockout roller blinds - Built-in robes with shelving and hanging rails - Artusi stainless steel electric oven - Ceramic cooktop - Concealed rangehood - Stainless steel dishwasher - Kitchenettes with ceramic cooktops, concealed rangehoods, dish drawers and compact bar fridges - Soft-close cabinetry - Double-bowl kitchen sink - Wall-hung bathroom vanities - Chrome tapware and shower fittings - Exposed concrete driveway - Instant lawn and landscaping - Motorised double garage door - 250L Rinnai electric hot-water system With five potential rental income streams, titled land, a substantial 710m² allotment and rental potential above $1,000 per week, this property provides a very different proposition to a conventional three or four-bedroom new build. For those prioritising stronger cash flow, diversified rental income and exposure to the growing Launceston region, this is a compelling purpose-built property opportunity. Disclaimer:All images, renders, and plans are for illustrative purposes only and may not represent the final product. Prices, availability, and specifications are subject to change without notice. Any information provided is of a general nature and should not be considered financial or legal advice. The listing agent or agency does not accept responsibility for any inaccuracies, errors, or omissions in this advertisement. Interested parties are encouraged to conduct their own research and seek independent advice before making any purchasing decisions. Final inclusions, dimensions, and finishes may vary.