OFF MARKET

121 Peel Street W
West Launceston TAS 7250

Bedrooms: 4
Bathrooms: 1
Car spaces: 4
Floor area: 166m2
Land area: 1295m2
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Last updated 11 Nov 2024
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Property Details for 121 Peel St W, West Launceston

121 Peel St W, West Launceston is a 4 bedroom, 1 bathroom House with 4 parking spaces and was built in 1972. The property has a land size of 1295m2 and floor size of 166m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
House
Year Built
1972
Floor Size
166m2
Land Size
1295m2
Local Government
Launceston
Lot/Plan
1/240026

Last Listing description (October 2023)

Welcome to 121 Peel Street, West Launceston is a large-scale home that also brings with it promises of untapped development potential.

With two living areas branching off the central kitchen and dining zone, this property offers plenty of space for relaxation, creating an environment designed around family gatherings or hosting friends.

Four dedicated bedrooms provide comfortable accommodation for the whole family or the flexibility to utilise one as a home office.

As you approach the property, you'll immediately notice that garaging was at the forefront of the original construction.

Accommodating three or more cars, there is both an attached and detached option, perfect for those with multiple vehicles or looking for unlimited storage or workspace.

The true potential of this property lies in the scale of the land it occupies. Positioned on a generous 1300 square meters of flat, yet elevated land, the possibilities are endless.

Imagine the opportunity to construct a series of units in this desired part of town.

With careful planning, development and the requisite approvals, this property has the potential to become an investment with remarkable returns.

So, whether you are an investor looking for a promising opportunity, or a homeowner with a vision, this property offers the perfect canvas to make something truly special.

Contact us today to schedule your inspection.

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Property History for 121 Peel St W, West Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$610,000
26 Jul 2023
  • 26 Jul 2023
    Sold for $610,000
  • 18 Jul 2023
    Listed for Sale Offers over $599,000
  • 27 Aug 2012
    Sold for $260,000
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About West Launceston 7250

The size of West Launceston is approximately 3.9 square kilometres. It has 11 parks covering nearly 26% of total area. The population of West Launceston in 2011 was 4,029 people. By 2016 the population was 4,198 showing a population growth of 4.2% in the area during that time. The predominant age group in West Launceston is 40-49 years. Households in West Launceston are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Launceston work in a professional occupation. In 2011, 71.6% of the homes in West Launceston were owner-occupied compared with 68.4% in 2016.

West Launceston has 2,131 properties. Over the last 5 years, Houses in West Launceston have seen a 64.96% increase in median value, while Units have seen a 44.00% increase. As at 31 October 2024:

  • The median value for Houses in West Launceston is $634,045 while the median value for Units is $394,690.
  • Houses have a median rent of $490 while Units have a median rent of $395.
There are currently 15 properties listed for sale, and 2 properties listed for rent in West launceston on OnTheHouse. According to CoreLogic's data, 76 properties were sold in the past 12 months in West launceston.

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