271-273 Charles Street, Launceston, TAS 7250 | Unit for sale | OnTheHouse
 
FOR SALE
$1,100,000 - $1,200,000

271-273 Charles Street
Launceston TAS 7250

Bedrooms: 4
Bathrooms: 3
Car spaces: -
Land area: 290m2
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Multi Tenancy Investment

Whether you're looking to strengthen your investment portfolio, create multiple income streams or secure a landmark property in one of Launceston's most sought-after locations, 271-273 Charles Street presents an exceptional opportunity.
Positioned just 50 metres from the Launceston General Hospital and in the heart of the city's vibrant café and restaurant precinct, this heritage-listed property comprises three separate dwellings on one title, each with its own private entrance. Two of the residences are offered fully furnished, providing immediate flexibility for a range of investment strategies.
The prominent front residence at 273 Charles Street offers two generous bedrooms with built-in robes, an updated kitchen and bathroom with quality appliances, reverse cycle air conditioning with additional electric heating, and low-maintenance surroundings. Whether retained as an investment, owner occupied or incorporated into a commercial venture (STCA), it adds further versatility to this unique offering.
With strong potential for short-term accommodation (STCA), long-term rental income, professional consulting rooms, offices or even a café (STCA), the possibilities are extensive. Alternatively, live in one of the residences while generating income from the others, or explore the opportunity to restore this beautiful period property into one grand inner-city home.
Offering flexibility, character and outstanding earning potential in a blue-chip location, opportunities like this are rarely available.
Features:
- Three separate dwellings on one title, each with its own private entrance
- Two residences offered fully furnished
- Outstanding opportunity for short-term accommodation (STCA) or long-term rental income
- Prominent front residence featuring two bedrooms with built-in robes
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Property Details for 271-273 Charles St, Launceston

271-273 Charles St, Launceston is a 4 bedroom, 3 bathroom Unit. The property has a land size of 290m2. The place is currently for sale with KEY 2 PROPERTY.

Building Type
Unit
Land Size
290m2
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About Launceston 7250

The size of Launceston is approximately 4.5 square kilometres. There are 13 parks, covering nearly 16.4% of the total area. The population of Launceston in 2016 was 2944 people. By 2021 the population was 3110 showing a population growth of 5.6% 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 $1800 - $2399 per month on mortgage repayments. In general, people in Launceston work in a professional occupation.In 2021, 46.80% of the homes in Launceston were owner-occupied compared with 48.20% in 2016.

Launceston has 3,723 properties. Over the last 5 years, Houses in Launceston have seen a 25.41% increase in median value, while Units have seen a 12.75% increase. As at 31 August 2026:

  • The median value for Houses in Launceston is $870,305 while the median value for Units is $557,467.
  • Houses have a median rent of $600 while Units have a median rent of $470.
There are currently 20 properties listed for sale, and 12 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 122 properties were sold in the past 12 months in Launceston.

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Georgia Anderson
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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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