FOR SALE
Best Offer Over $280,000

102/16 Paterson Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Innercity investment opportunity

Positioned in the historical landmark building in the heart of the Launceston CBD precinct, 102/16 Paterson Street is an ideal Investment opportunity if you are after a foot hold in the Launceston market.
Currently leased until late 2024 there is a solid rental history with this property.
Offering 1 bedroom and 1 bathroom, this apartment is located on the first floor and also offers disability access and living in the apartment. Providing an open plan kitchen and lounge room space, bedroom with built in wardrobes and laundry this apartment is well equipped with all the essential amenities.
Providing an ideal location, the apartment is in immaculate condition along with the overall building being well looked after.
In close proximity to all conveniences the CBD has to offer, from local bars to cafes and restaurants, this location speaks for itself.
Howell Property Group 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 its validity. Prospective clients are advised to carry out their own investigations

Property Details for 102/16 Paterson St, Launceston

102/16 Paterson St, Launceston is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Howell Property Group.

Building Type
Apartment

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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 30 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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