1/16 Paterson StreetLaunceston TAS 7250
Property Details for 1/16 Paterson St, Launceston
1/16 Paterson St, Launceston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1880. The property has a land size of 58m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Last Listing description (July 2024)
Apartment 1/16 Paterson St is 1 bedroom serviced apartment located in the heart of Launceston's CBD, offering a spacious and comfortable living space perfect for anyone seeking convenience and low maintenance This historical building has been carefully renovated to offer modern living while preserving its unique architectural charm. The apartment is located on the ground floor and is designed to be wheelchair accessible, making it suitable for people of all abilities. The apartment boasts a spacious bathroom with all the necessary amenities, making it a relaxing haven after a long day. The bedroom is fitted with a comfortable queen-sized bed, making it the perfect place to unwind and relax. The apartment's prime location means that it's just a stone's throw away from all of Launceston's amenities, including shops, restaurants, cafes, and bars. The central location also means that you're within walking distance of all major attractions, including the beautiful City Park and Cataract Gorge. This apartment is not only perfect for those who want to enjoy a relaxed lifestyle but is also a great investment opportunity. With a rental price of $402.50 per week, the apartment offers a solid rental return that is sure to attract investors looking for a steady income stream. IN summary, Apartment 1/16 Paterson St is a spacious, well-appointed, and conveniently located apartment that offers the perfect blend of comfort and accessibility. Whether you're looking for a place to call home or a sound investment opportunity, this apartment ticks all the boxes.
Prominent features of this property include:
. Administration fees & Maintenance fees approx. $ 2500.00 pa
. Bonuses and top ups
? Inner city, urban apartment
? Disability access in the room
? Great size bathroom
? Separate laundry
? Reverse cycle air conditioner
? Currently tenanted by the Manager
Property History for 1/16 Paterson St, Launceston, TAS 7250
- 09 May 2024Sold for $290,000
- 26 Apr 2024Listed for Sale Best Offer Over $280,000
- 05 Jul 2022Listed for Sale Offers over $309,000
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0About 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 3,722 properties. Over the last 5 years, Houses in Launceston have seen a 29.47% increase in median value, while Units have seen a 24.45% increase. As at 31 May 2026:
- The median value for Houses in Launceston is $854,205 while the median value for Units is $556,922.
- Houses have a median rent of $580 while Units have a median rent of $450.
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