Undoubtedly, this Victorian Terrace presents an open canvas for prime inner-city development, offering a distinctive opportunity for a versatile investment.
The property falls under the Urban Mixed Use zoning, providing remarkable flexibility for various purposes, including the option for residential use on the first floor and a wide array of commercial activities. Several neighbouring properties have already developed highly desirable residential units, sought after by both tenants and homeowners seeking the vibrant inner-city lifestyle.
The ground floor boasts prominent retail exposure on Elizabeth Street, surrounded by a diverse range of popular eateries and bars. Additionally, the property's rear offers access to a spacious council car park and the potential for secure parking.
Year Built: 1890
House Size: 215m2
Land Size: 220m2
Municipality: Launceston City Council
Zoning: Urban Mixed Use
Sims for Property has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.
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 49.52% increase in median value, while Units have seen a 32.72% increase. As at 31 October 2025:
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