OFF MARKET

1/2 Paterson Street
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 66m2
Land area: 66m2
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Last updated 18 Nov 2024
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Property Details for 1/2 Paterson St, Launceston

1/2 Paterson St, Launceston is a 2 bedroom, 1 bathroom Unit and was built in 1937. The property has a land size of 66m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in October 2019.

Building Type
Unit
Year Built
1937
Floor Size
66m2
Land Size
66m2
Local Government
Launceston
Lot/Plan
1/147398

Last Listing description (November 2024)

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
Updated, contemporary galley kitchen with breakfast bar
Open plan kitchen, dining and living area
Space saving bathroom and laundry combined
Convenience of reverse cycle air conditioning
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

Long term rental estimate: Up to $410 pw
Airbnb rental income estimate: $54,000 pa (Average nightly rate $350 -$380)
Unit size: 66 m2
Land size: 66 m2
Built: 1937
Council rates: $1,490 pa
Body corporate fees: $1,320 pa
Zoning: Central Business

**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. All measurements are approximate**

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Property History for 1/2 Paterson St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$325,000
01 Oct 2019
Listed for Rent
$450/w
04 Mar 2020
  • 26 Aug 2024
    Listed for Sale Offers Invited
  • 01 Oct 2019
    Sold for $325,000
  • 12 Aug 2019
    Listed for Sale Offers Over $329,000
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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 3,720 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 28 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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