OFF MARKET

3/31 Welman Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 43m2
Land area: 57m2
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Property Details for 3/31 Welman St, Launceston

3/31 Welman St, Launceston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1969. The property has a land size of 57m2 and floor size of 43m2. While the property is not currently for sale or for rent, it was last sold in July 2016.

Building Type
Unit
Year Built
1969
Floor Size
43m2
Land Size
57m2
Local Government
Launceston
Lot/Plan
3/57537

Last Listing description (November 2024)

Located on the edge of Launceston's vibrant CBD, just 120m from the picturesque St Georges Square, this light-filled 1-bedroom unit offers the perfect blend of convenience and comfort. Boasting expansive floor-to-ceiling windows, the unit captures breathtaking views of the city and the river beyond, creating a serene, inviting space.

Situated in a small block of six, this well-presented unit is being sold fully furnished, making it ideal for short-term stays or as a hassle-free investment opportunity. Properties in this sought-after location rarely come to market, so don't miss your chance to secure a prime piece of real estate.

The unit includes off-street parking in a carport, access to a shared laundry, and is within walking distance to shops, cafes, restaurants, and all the amenities the city has to offer.

Whether you're looking for a stylish city base or an investment in one of Launceston's most desirable areas, this property is not to be missed.

Note: artwork is for display purposes only and is not included in the sale.

NB: Property title is Lot 4 /31 -33 Welman Street Launceston.

NB: Saunders Property Group has no reason to doubt the accuracy of the information in this document, which has been sourced from means considered reliable. However, we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.

Property History for 3/31 Welman St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$157,500
25 Jul 2016
Listed for Rent
$360/w
20 Oct 2023
  • 06 Nov 2024
    Listed for Sale FOR SALE
  • 12 Aug 2019
    Listed for Rent - Price not available
  • 25 Jul 2016
    Sold for $157,500
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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, 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.