1/18 Wellington StreetLaunceston TAS 7250
Property Details for 1/18 Wellington St, Launceston
1/18 Wellington St, Launceston is a 2 bedroom, 1 bathroom Unit and was built in 1880. The property has a land size of 117m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (June 2022)
This beautifully maintained townhouse is fully furnished and positioned right in the heart of Launceston's CBD. It epitomises inner city living and will appeal to those looking for a city change, commercial space or an investment with an extraordinary return. A rare and versatile property, it is zoned as 'Urban Mixed Use' and is currently operating as very successful tourist accommodation via Airbnb. Whilst located in the centre of the CBD, this home is deceptively quiet and has two secure parking spaces behind remote controlled gates.
Overview:
Exceptional return on investment through short or long term accommodation
Extra income with billboard rental on the side of the building at $10,000 per year
Beautifully decorated with all furnishings and chattels in situ included in sale price
Circa 1880 brick rendered two bedroom townhouse
Updated, contemporary galley kitchen with all crockery & cutlery etc included
Dining room plus separate lounge
Two double bedrooms with built in wardrobes
Large modern bathroom, laundry facilities
Convenience of reverse cycle air conditioning
Whitegoods included - fridge, washer/dryer, microwave, bench oven
Secure parking (via remote controlled automatic gates) for 2 cars
Flat easy care, fully fenced block requiring minimal upkeep
Shops, cafes, restaurants, hotels & entertainment are all outside your door
Easy walking distance to hospitals, supermarkets, cinema, Cataract Gorge and the Seaport
12 minutes to Launceston Airport
NBN connected
Click on the 'External Link' below for the virtual furnishing floorplan and video tour. Contact Jeremy Wilkinson for your inspection.
Rental return: Airbnb $180-$280 per night
Unit size: 89m
Land size: 117m
Built: 1880
Rates: $1800 approx
Council Zoning: 15.0 Urban Mixed Use
Council: Launceston
Heritage listed: Yes
***Harcourts Launceston 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 accuracy. Prospective purchasers are advised to carry out their own investigations.
Property History for 1/18 Wellington St, Launceston, TAS 7250
- 03 May 2022Sold for $615,000
- 28 Feb 2022Listed for Sale Best Offer Over $545,000
- 23 Sep 2019Sold for $350,000
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0About 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.
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