FOR SALE
Offers over $595,000

94 Elizabeth Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 2
Car spaces: 2
Floor area: 176m2
Land area: 149m2
Contact Agent
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Save

A Heritage Gem with Endless Potential!

Discover this charming building, rich in heritage, set on a rare dual-frontage parcel of land with 4.88m on both Elizabeth Street and Benders Lane. This unique opportunity combines the allure of history with the promise of future development.
Key Features:
Income Generation: Long-standing ground floor business providing immediate revenue.
Development Potential: Clear avenues for multi-level new builds, previously approved, perfect for maximizing this prime location.
Zoning: Coveted 'Urban Mixed' use overlay, opening doors to a variety of uses.
Land & Building Size: Approx. 150m² land / 176m² building, providing ample space for your vision.
Versatile Opportunity: Ideal for developers, investors, or as a city pad.
This property is highly recommended for buyers seeking income, growth, and significant upside in a tightly held market. Don't miss your chance to secure this exceptional offering!
Contact us today to arrange a viewing!

Property Details for 94 Elizabeth St, Launceston

94 Elizabeth St, Launceston is a 1 bedroom, 2 bathroom Other with 2 parking spaces. The property has a land size of 149m2 and floor size of 176m2. The place is currently for sale with Jenkins & Co.

Building Type
Other
Floor Size
176m2
Land Size
149m2

Commute Calculator

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 3,719 properties. Over the last 5 years, Houses in Launceston have seen a 53.52% increase in median value, while Units have seen a 31.40% increase. As at 30 September 2024:

  • The median value for Houses in Launceston is $717,012 while the median value for Units is $462,228.
  • Houses have a median rent of $495 while Units have a median rent of $430.
There are currently 28 properties listed for sale, and 37 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Launceston.

Suburb Insights for Launceston 7250

Market Insights
Launceston Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Launceston Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agent
Phillipa Jenkins
Show contact details
Jenkins & Co
Preferred contact:
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.