171 Wellington StreetLaunceston TAS 7250
Property Details for 171 Wellington St, Launceston
171 Wellington St, Launceston is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1900. The property has a land size of 160m2 and floor size of 158m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Last Listing description (November 2022)
Introducing Dunorlan Terrace located at 171 Wellington Street, Launceston. Here is an exciting opportunity for investors to secure a property with a strong rental yield and amazing capital growth potential. On the one title but with 2 apartments, this property currently generates a rental return of $720 a week with long term leases in place.
Ideally positioned a flat, easy 8-minute walk to the Launceston General Hospital or 1-minute drive. These apartments always attract tenancies from medical professionals and a wide demographic looking for the convenience of an inner-city rental. The 1900 brick build has 2-one bedroom apartments that come fully furnished in the sale. 171a is the ground level apartment that has a charming feel with gorgeous timber flooring throughout, plenty of storage, updated kitchen and parking spot at the rear of the property. 171b is the upper-level apartment with rear court-yard and loft area for extra storage and space. A stroll across the road to a Coles supermarket, walking distance to Launceston's CBD and close to all amenities and public transport, this is a smart investment.
Built: 1900
Building Size: 158m2
Land Size: 160m2
Council Rates: Approx. $2,700 per year
Water Rates: Approx. $1700 per year
Current rent: $720 per week
171a - $360 per week. Lease end - 6/12/2022
171b - $360 per week. Lease end - 10/4/2023
Body Corporate - $2000 per year (Building insurance included)
***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 171 Wellington St, Launceston, TAS 7250
- 09 Jun 2022Sold for $635,000
- 18 May 2022Listed for Sale Best Offer over $675,000
- 10 Jul 2019Sold for $370,500
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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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