FOR SALE
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1/2 Paterson Street
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 66m2
Land area: 66m2
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Iconic Art Deco Inner City Gem

Discover the perfect blend of history and modern living at Luck's Corner, a beautifully preserved Art Deco landmark in Launceston. Built in 1937 as G Luck's Butcher, this solid brick, two-bedroom townhouse is now a successful Airbnb. The fully renovated, fully furnished apartment features polished timber floors, a contemporary galley kitchen with a breakfast bar and an open-plan living area. Enjoy the convenience of reverse cycle air conditioning and a space-saving bathroom and laundry.
Located in the heart of the city, you're just steps away from shops, cafes, restaurants, and entertainment. With easy access to hospitals, supermarkets, the cinema, Cataract Gorge and the Seaport, this property offers exceptional returns for short or long-term accommodation or a chance to enjoy your own urban retreat. Own a piece of Launceston's history at Luck's Corner, where heritage meets modern comfort and convenience.
Key Features:
• Exceptional return on investment through short or long term accommodation
• Currently run as a very successful Airbnb
• Circa 1937, solid brick two bedroom townhouse
• Located on the top floor of the historic icon - Luck's Corner
• Fully renovated apartment in the heart of Launceston city
• Fully furnished including white goods in situ are included in sale price
• Neutral tones throughout & polished timber floors
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Property Details for 1/2 Paterson St, Launceston

1/2 Paterson St, Launceston is a 2 bedroom, 1 bathroom Unit. The property has a land size of 66m2 and floor size of 66m2. The place is currently for sale with Harcourts Launceston.

Building Type
Unit
Floor Size
66m2
Land Size
66m2

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About Launceston 7250

The size of Launceston is approximately 4.5 square kilometres. It has 13 parks covering nearly 16.4% of total area. The population of Launceston in 2011 was 2,897 people. By 2016 the population was 2,929 showing a population growth of 1.1% in the area during that time. The predominant age group in Launceston is 20-29 years. Households in Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Launceston work in a professional occupation. In 2011, 47% of the homes in Launceston were owner-occupied compared with 48.2% in 2016.

Launceston has 3,722 properties. Over the last 5 years, Houses in Launceston have seen a 53.73% increase in median value, while Units have seen a 42.25% increase. As at 31 October 2024:

  • The median value for Houses in Launceston is $734,272 while the median value for Units is $497,284.
  • Houses have a median rent of $480 while Units have a median rent of $430.
There are currently 31 properties listed for sale, and 38 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Launceston.

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Jeremy Wilkinson
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Harcourts Launceston
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