OFF MARKET

185 Charles Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 110m2
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Last updated 11 Nov 2024
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Property Details for 185 Charles St, Launceston

185 Charles St, Launceston is a 1 bedroom, 1 bathroom House. The property has a land size of 110m2.

Building Type
House
Land Size
110m2
Local Government
Launceston

Last Listing description (August 2020)

In the heart of the city is a unique opportunity to develop a multi use premises for a mix of retail, accomodation and inner city living. The stunning facade hides a blank canvas opportunity for the astute buyer/investor to create (STCA) an amazing muti level apartment, or potentially a number of apartments and also further develop the retail space/s. The property is currently used for a business however mixed use of retail/residential is the ideal outcome providing multiple potential income streams. With soaring ceiling height upstairs the development potential can be unleashed. The front facade of the building is Heritage listed, however internally anything is possible, and rooftop development (STCA) is a real consideration. The existing use of the property is spread over two titles. The second title is not included, however, is also for sale. The property is strata titled. Call today for full details and to discuss this unique opportunity. GST is applicable one the sale fo the property.Saunders Property Group has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.

Property History for 185 Charles St, Launceston, TAS 7250

A timeline of how this property has performed in the market
  • 19 Dec 2019
    Listed for Sale Offers Above $400,000 + GST

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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 3,721 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 30 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Launceston.

Suburb Insights for Launceston 7250

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.