OFF MARKET

1/18 Wellington Street
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 79m2
Land area: 117m2
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Last updated 16 Dec 2024
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Property Details for 1/18 Wellington St, Launceston

1/18 Wellington St, Launceston is a 2 bedroom, 1 bathroom Unit with 2 parking spaces 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.

Building Type
Unit
Year Built
1880
Floor Size
79m2
Land Size
117m2
Local Government
Launceston
Lot/Plan
1/170522

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

Airbnb rates $180 - $280 per night with 70%+ annual occupancy rate
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.

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Property History for 1/18 Wellington St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$615,000
03 May 2022
Listed for Rent
$250/w
04 Aug 2017
  • 03 May 2022
    Sold for $615,000
  • 28 Feb 2022
    Listed for Sale Best Offer Over $545,000
  • 23 Sep 2019
    Sold for $350,000
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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 3,747 properties. Over the last 5 years, Houses in Launceston have seen a 60.75% increase in median value, while Units have seen a 43.01% increase. As at 30 November 2024:

  • The median value for Houses in Launceston is $744,553 while the median value for Units is $514,998.
  • Houses have a median rent of $470 while Units have a median rent of $430.
There are currently 28 properties listed for sale, and 25 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 109 properties were sold in the past 12 months in Launceston.

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