106 Elizabeth StreetLaunceston TAS 7250
Property Details for 106 Elizabeth St, Launceston
106 Elizabeth St, Launceston is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 220m2 and floor size of 215m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom House sold in Launceston in the last 12 months.
Last Listing description (March 2024)
Undoubtedly, this Victorian Terrace presents an open canvas for prime inner-city development, offering a distinctive opportunity for a versatile investment.
The property falls under the Urban Mixed Use zoning, providing remarkable flexibility for various purposes, including the option for residential use on the first floor and a wide array of commercial activities. Several neighbouring properties have already developed highly desirable residential units, sought after by both tenants and homeowners seeking the vibrant inner-city lifestyle.
The ground floor boasts prominent retail exposure on Elizabeth Street, surrounded by a diverse range of popular eateries and bars. Additionally, the property's rear offers access to a spacious council car park and the potential for secure parking.
Year Built: 1890
House Size: 215m2
Land Size: 220m2
Municipality: Launceston City Council
Zoning: Urban Mixed Use
Sims for Property 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 106 Elizabeth St, Launceston, TAS 7250
- 07 Feb 2024Sold for $450,000
- 09 Nov 2023Listed for Sale Offers Over $449,000
- 11 Nov 2017Sold for $310,000
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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 3,722 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.
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