OFF MARKET

259 Charles Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 3
Car spaces: 4
Floor area: 169m2
Land area: 374m2
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Property Details for 259 Charles St, Launceston

259 Charles St, Launceston is a 1 bedroom, 3 bathroom House with 4 parking spaces and was built in 1870. The property has a land size of 374m2 and floor size of 169m2. While the property is not currently for sale or for rent, it was last sold in February 2020.

Building Type
House
Year Built
1870
Floor Size
169m2
Land Size
374m2
Local Government
Launceston
Lot/Plan
1/143582

Last Listing description (March 2020)

Situated in the heart of Launceston is this impressive property offering a sound business or investment opportunity. The property offers 5 professional rooms, as well as a well-appointed kitchen, laundry, bathroom and two toilets. Off-street parking for up to 4 cars and ample storage space provided. • Professional rooms available in the heart of Launceston• Wonderful street appeal and beautiful original character features throughout.• Could be returned to a prestigious private home if desired. • A generous floorplan, well fitted out by current tenants.• Immaculate interior with excellent natural light • Low-maintenance property – both internally and externally• Currently under a commercial lease until February 2020 with a 3-year renewal option – returning approximately $2337 per month with yearly CPI increases.• An excellent opportunity for business owners, professionals and investors alike• Ideally located on highly sought-after Charles Street, close to major medical facilities, popular cafes, restaurants, shops, and all city conveniencesCouncil rates: $744 p/q approx.Water rates: $302 p/q approx. Land size: 376m2 approx.Building size: 159m2 approx. Rental estimate: Currently leased at $2337 per month with annual CPI increase until 2023.Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 259 Charles St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$645,000
02 Feb 2020
Listed for Rent
$136/w
20 Sep 2008
  • 02 Feb 2020
    Sold for $645,000
  • 12 Jul 2019
    Listed for Sale Best Offer Over $649,000
  • 20 Sep 2008
    Listed for Rent $7,090 / year
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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, 120 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.