104/16 Paterson StreetLaunceston TAS 7250
Property Details for 104/16 Paterson St, Launceston
Last Listing description (July 2026)
Positioned within an iconic heritage building on Paterson Street, this cleverly designed dual-key apartment offers a rare blend of flexibility, comfort and income potential. With two separately accessible dwellings under one title, it presents an excellent opportunity for investors, city-based professionals or those seeking a part-time home with income.
Apartment A features a spacious open-plan living and dining area, full kitchen, generous bedroom with built-in robes and a modern bathroom. This space is ideal for long-term rental or short-stay accommodation.
Apartment B offers a stylish studio layout with a combined living and sleeping zone, built-in storage, a compact kitchenette and its own private bathroom. It's perfect for a guest suite, Airbnb or a lock-and-leave city base.
Zoned for Mixed Use and positioned on an upper floor with elevated city outlooks, the property delivers excellent rental versatility and a consistently strong return in a sought-after CBD location.
Whether you're looking to invest, occupy or combine both, this is a smart, income-ready property in the heart of Launceston.
Contact Rebekah Boerma today for more information.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Property History for 104/16 Paterson St, Launceston, TAS 7250
- 13 Dec 2025Sold for $480,000
- 17 Jun 2025Listed for Sale Contact Agent
- 07 Apr 2014Sold for $420,000
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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 3,722 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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