105/16 Paterson StreetLaunceston TAS 7250
Property Details for 105/16 Paterson St, Launceston
Last Listing description (February 2025)
In one of Launcestons most iconic buildings, you will just fall in love with this self-contained one-bedroom apartment. With a projected income of approx. 7.1% you can either enjoy the return or occupy and self-let if you desire. Located in the centre of historic Launcestons CBD, you will have access to fabulous shopping, the best of Tasmanian eateries and a plethora of cafes and bakeries.
On the first floor of this renowned apartment complex with access via a lift and stairwell, you will enjoy the city views. Well-presented and furnished by the managing company CAG, you have the opportunity to continue the current arrangement with the managing organisation and receive an excellent return or you may choose to occupy or manage the apartment yourself. The current owners have had the apartment re-zoned in order to give the new owners flexibility to choose which direction they would like to take this blue-chip property.
A beautifully light-filled, contemporary apartment with an open plan presentation offers a feeling of space and interaction. The separate bathroom includes the laundry and further storage.
If you have been considering investing in our beautiful city, expanding your portfolio or searching for a secure apartment to visit for work or holiday, this is the one for you.
Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Property History for 105/16 Paterson St, Launceston, TAS 7250
- 16 Jan 2025Sold for $305,000
- 09 Oct 2024Listed for Sale $330,000
- 17 Apr 2023Listed for Sale Offers over $359,000
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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 3,719 properties. Over the last 5 years, Houses in Launceston have seen a 45.45% increase in median value, while Units have seen a 34.92% increase. As at 30 November 2025:
- The median value for Houses in Launceston is $744,245 while the median value for Units is $498,010.
- Houses have a median rent of $510 while Units have a median rent of $460.
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