1/88 Margaret Street, Launceston, TAS 7250 sold on 28 August 2025 | OnTheHouse
SOLD
Sold on 28 Aug 2025 for $500,000

1/88 Margaret Street
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 85m2
Land area: 238m2
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Property Details for 1/88 Margaret St, Launceston

1/88 Margaret St, Launceston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1880. The property has a land size of 238m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 2 bedroom Unit sold in Launceston in the last 12 months.

Building Type
Unit
Year Built
1880
Floor Size
85m2
Land Size
238m2
Local Government
Launceston
Lot/Plan
1/59957

Last Listing description (October 2025)

Discover the perfect blend of historic charm and modern convenience in this delightful 2-bedroom cottage located at 88 Margaret St, Launceston. Constructed in 1880, this property boasts a unique architectural style that reflects the rich history of the area while offering a comfortable living space for today's lifestyle

Step inside to find a warm and inviting open plan living room, ideal for enjoying quiet evenings at home. The renovated kitchen is equipped with modern appliances and ample storage, making meal preparation a breeze. There are 2 spacious bedrooms, lovely updated bathroom and a delightful sunroom which flows out to the courtyard.

Outside, the property features a spacious courtyard providing a tranquil retreat in the heart of the city. Whether you're enjoying a morning coffee or hosting a weekend barbecue, the outdoor space is perfect for relaxation and entertainment.

There is off street parking for 2 vehicles accessed from the courtyard. The property lends itself to further development utilising the courtyard for an extension to the home and constructing a carport or garage. (STCA))

Located in a vibrant urban setting, 88 Margaret St offers easy access to local amenities, including shops, cafes, hospital and parks. Embrace the convenience of city living whilst enjoying the character and charm of this historic cottage.

Don't miss this opportunity to own a piece of Launceston's history. Contact us today to arrange a viewing and experience the charm of this exceptional property for yourself!

Currently tenanted until June 2026 for $440 per week.

INSPECTION BY APPOINTMENT ONLY

Inner city living
Character cottage
2 bedrooms
Private courtyard
Off street parking
Convenient to all amenities

"Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. Please note, photos are indicative of the property only."

Property History for 1/88 Margaret St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$500,000
28 Aug 2025
Listed for Rent
$300/w
28 Jun 2016
  • 28 Aug 2025
    Sold for $500,000
  • 16 Jul 2025
    Listed for Sale Best offer over $495,000
  • 17 May 2016
    Listed for Rent $300 / week
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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 3,725 properties. Over the last 5 years, Houses in Launceston have seen a 26.79% increase in median value, while Units have seen a 15.50% increase. As at 31 July 2026:

  • The median value for Houses in Launceston is $873,912 while the median value for Units is $559,475.
  • Houses have a median rent of $590 while Units have a median rent of $450.
There are currently 20 properties listed for sale, and 12 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 129 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.