51 Lyttleton St, East Launceston is a 3 bedroom, 2 bathroom House and was built in 1900. The property has a land size of 597m2 and floor size of 147m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
It is not often the opportunity presents to purchase a character home with loads of original features, ready to renovate, and in arguably what is considered one of the best suburbs in Launceston.
Don't be put off by the exterior. It needs some attention. The roof needs some love, the weatherboards need to be painted, and the back garden needs some tending, but if you look at the bigger picture, you'll quickly realise this property has enormous upside.
First, there's the location. You're on a quiet street, just 600m from the aquatic centre, 900m from City Park, 1.4km from the river, and 1.6km from the Inveresk Precinct. You're also close to supermarkets, shops, restaurants, cafes, and schools.
Second, there's the long-term potential. Who knows what property in such a prime location will be worth in 10 years' time?
Third, the home is circa 1900, is lovely on the inside, spread over two levels, with its polished floorboards and freshly-painted walls. Original fireplaces, mantels, high ceilings and kitchen wood stove are some features that you will simply fall in love with. It's also very practical. You can work from the home office, play with the kids in the backyard and enjoy a cup of tea on the veranda. Oh, and you'll love the view of mountains and hills in the distance.
True, you'll need to invest in some renovations. But once those are out of the way, you'll be delighted you had the foresight to buy into such an in-demand part of Launceston.
The alternative is to buy a property in a less desirable part of town. But, a few years from now, will that seem like such a smart decision?
* Master bedroom with ensuite
* 2 additional bedrooms
* 1 additional bathroom
* Dining room
* Living room
* Home office
* Laundry
* Backyard
* Large garden shed (3.4m x 6.9m)
* Veranda
* Mountain views
The size of East Launceston is approximately 1.0 square kilometres. There are 3 parks, covering nearly 9.1% of the total area. The population of East Launceston in 2016 was 2143 people. By 2021 the population was 2270 showing a population growth of 5.9% in the area during that time. The predominant age group in East Launceston is 50-59 years. Households in East Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Launceston work in a professional occupation.In 2021, 67.40% of the homes in East Launceston were owner-occupied compared with 68.40% in 2016.
East Launceston has 1,068 properties. Over the last 5 years, Houses in East Launceston have seen a 28.28% increase in median value, while Units have seen a 29.64% increase. As at 31 May 2026:
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