51 Neika Avenue, West Launceston TAS 7250

51 Neika Avenue is a 1987-built, 3-bedroom (some listings cite 4), 1-bathroom, single-level house in West Launceston with a 623m² residential lot, 150m² building size, 24% building coverage, 73m ground elevation, and 7m roof height. The property was listed for sale as a house in West Launceston. 3 bed with 1 bath | 623m² lot | 1987 build | Tas Oak floors | single-level layout This property’s single-level layout on a 623m² lot is competitively strong for its era, as 1987 builds in West Launceston typically offer 500–800m² blocks, placing this within the median range while the 150m² building size is standard for three to four bedrooms. The Tasmanian Oak floorboards and built-in robes across all bedrooms add a durable, low-maintenance finish that aligns with buyer expectations for a family home or first purchase. With a 73m ground elevation and no bushfire, flood, or heritage overlays, the site is straightforward to develop or improve. This house best serves families seeking a well-maintained primary-school-catchment property or investors targeting a gross rental yield near 4.62%, given the $615 per week estimated rent relative to its current value. The single bathroom for three or four bedrooms may materially affect the sale price by narrowing buyer interest, as families often prefer a second bathroom for convenience, while couples or downsizers might accept it. The 24% building coverage leaves room for future extensions or a shed, which could enhance value if zoning permits. A 2018 sale price of $350,000 suggests significant appreciation, but current listing levels might reflect market conditions rather than intrinsic property changes. Buyers should weigh the bedroom count discrepancy—three versus four—by inspecting whether a fourth room is a usable bedroom or a loft. The absence of secondary school catchment data in the area may limit appeal for families with older children, though primary school access is confirmed.