16 Paterson StreetLaunceston TAS 7250
Property Details for 16 Paterson St, Launceston
16 Paterson St, Launceston is a 0 bedroom, 0 bathroom Unit with 1 parking spaces and was built in 1880. The property has a land size of 467m2 and floor size of 3137m2. While the property is not currently for sale or for rent, it was last sold in July 2004.
Last Listing description (July 2020)
Offered exclusively by ResortBrokers Quest Launceston comprises 43 studio, one, two or three-bedroom serviced apartments. Other property features include conference facilities and access to off-site car parking and gymnasium. Located in the heart of Launceston, the building dates back to the early 1900s and was completely refurbished and opened in 2006.
- 43 apartments
- Outstanding central location in Launceston CBD
- Part of successful Quest Apartment Hotel brand
- Conference facilities
- Strong and consistent occupancy
- Huge upside with true owner operator
- In excess of $500,000 in refurbishment has been spent
- Beautiful heritage building
- Property inspections are by appointment only
Property History for 16 Paterson St, Launceston, TAS 7250
- 28 Nov 2019Listed for Sale $1,400,000
- 13 Jun 2018Listed for Sale $350,000
- 27 Oct 2016Listed for Sale $308,500
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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 3,720 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.
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