$540,000
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403/16 Paterson Street, Launceston TAS 7250

Apartment
22
Block size: 93 m² approx.

Inner city investments

Located in the centre of Launceston's CBD precinct and in a historically significant local landmark building, we offer to you a unique opportunity to acquire an inner-city residence with the possibility for flexible investment returns or perhaps an inner city peid-a-terre.

This dual apartment provides two flexible tenancies suitable for letting jointly or individually. Fronting Paterson Street and located on the fourth floor looking down on the city lights and across the historic rooftops of neighbouring buildings. With separate living, sleeping and bathing rooms as well as kitchen and laundry facilities this property lends itself perfectly to inclusion in the short-stay market or as a boutique urban home or rental property.

The second tenancy is a studio style apartment that offers hotel-like amenities, including its own kitchenette.

Historically enjoying high returns and with the potential to reintroduce to a pool of serviced apartments, this property is geared to the astute purchaser looking for income, growth and upside.

Prominent features of this property include:
- two separate tenancies on one title.
- inner city, urban apartment
- separate living and private spaces
- built in storage
- private apartment kitchen/laundry facilities
- elevator and stair access
- walking distance from Launceston's best establishments

Living Here Launceston is pleased to offer to you a variety of apartments configured for short or long term residential occupation. Please contact us today to further discuss available 1, 2 & 3 bedroom apartments.

Features include: Air conditioning,Built in wardrobes

Inspections

No open inspections scheduled.

Send an enquiry

Contact Thomas Baird to learn more about this property, request an inspection or take an online tour.

Key details

Bedrooms:
2
Bathrooms:
2
Property type:
Apartment
Block Size:
93 *

Other Details

Volume:
403
Folio:
162450
Legal description:
162450/403
Living Here Launceston

Maps and area information

Block information
Block size: 93 (approx)
Legal description: 162450/403
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Enrolment areas for ACT public schools.

Nearby sales

Looking to compare sales prices?

We found 10 apartments with 2 bedrooms that just sold near 403/16 Paterson Street Launceston

What's nearby

East Launceston Primary SchPrimary School
1.1km
Queechy High SchoolHigh School
3.8km
Launceston General HospitalHospital
0.6km
Shopping CentreMajor Shopping Centre
0.1km
Australia PostPost Office
0.1km
Tafe - Fashion CentreTafe
0.5km

Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
08 Apr 2013
Sold
$420,000
Contract: 08/04/2013
Block size: 94m²
Purpose: Tourism

Launceston suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
42 years
Population
3,110
Listing ID: 181457601. This listing has been viewed 98 times. It was first displayed on 16/03/2023 and last updated on 22/09/2023.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.