106 Elizabeth Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

106 Elizabeth Street
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
Land area: 149m2
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Property Details for 106 Elizabeth St, Launceston

Building Type
Commercial
Year Built
1890
Floor Size
90m2
Land Size
149m2
Local Government
Launceston
Lot/Plan
1/105482

Last Listing description (April 2024)

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.

Property History for 106 Elizabeth St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$450,000
07 Feb 2024
  • 07 Feb 2024
    Sold for $450,000
  • 09 Nov 2023
    Listed for Sale Offers Over $449,000
  • 11 Nov 2017
    Sold for $310,000
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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 49.52% increase in median value, while Units have seen a 32.72% increase. As at 31 October 2025:

  • The median value for Houses in Launceston is $758,684 while the median value for Units is $492,183.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 29 properties listed for sale, and 11 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 106 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.