1/42 Frankland Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

1/42 Frankland Street
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 95m2
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Last updated 9 Feb 2026
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Property Details for 1/42 Frankland St, Launceston

1/42 Frankland St, Launceston is a 2 bedroom, 1 bathroom Unit and was built in 1992. The property has a floor size of 95m2.

Building Type
Unit
Year Built
1992
Floor Size
95m2
Local Government
Launceston

Last Listing description (September 2023)

This fully furnished and spacious first floor apartment is located in the quiet end of Frankland Street and virtually over the road from the Launceston General Hospital. The popular Charles Street cafe/restaurant strip is nearby and the CBD is an easy stroll away. The property features both front and rear verandas which capture the morning and afternoon sun - the rear veranda has views overlooking the city and Tamar River.Main Features:Fully furnished.Recently renovated.2 bedrooms, 1 x queen size bed and 2 x single beds, both with built-in robes.Large lounge/dining with 2 and 3 seater leather sofas, glass dining table with leather dining chairs.Modern kitchen with lots of cupboards, fridge/freezer, quality appliances, includes microwave, toaster, kettle, crockery and cooking utensils.Near new fully tiled bathroom with heated towel rail and heat/fan/light unit.Laundry alcove - includes laundry tub, washing machine and clothes dryer.Separate toilet.NBN is connected to the property.Gas heating.Front and rear verandas with outdoor tables and chairs.Rear yard with clothes lines.1 of only 2 apartments on the property.No pets allowed.Applications for short-term tenancies will be considered.

Property History for 1/42 Frankland St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Listed for Rent
$550/w
20 Apr 2022
  • 12 Sep 2023
    Listed for Rent $405 / week
  • 19 Jan 2022
    Listed for Rent $550 / week
  • 06 Jan 2016
    Listed for Rent - Price not available
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About Launceston 7250

The size of Launceston is approximately 4.5 square kilometres. It has 13 parks covering nearly 16.4% of 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 41.37% increase in median value, while Units have seen a 27.53% increase. As at 31 January 2026:

  • The median value for Houses in Launceston is $766,540 while the median value for Units is $497,845.
  • Houses have a median rent of $510 while Units have a median rent of $450.
There are currently 27 properties listed for sale, and 11 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 116 properties were sold in the past 12 months in Launceston.

Suburb Insights for Launceston 7250

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.