109 George Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
FOR SALE

109 George Street
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 130m2
Land area: 109m2
This property is currently on the market
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Property Details for 109 George St, Launceston

109 George St, Launceston is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1880. The property has a land size of 109m2 and floor size of 130m2.This Property is currently listed for sale with The Agency Tasmania

Building Type
House
Year Built
1880
Floor Size
130m2
Land Size
109m2
Local Government
Launceston
Lot/Plan
1/138148

Last Listing description (December 2025)

If you have been waiting for something truly unique in the centre of Launceston, 109 George Street is the one that will grab your attention. This is a property that offers versatility, income, and location all in one clever package. You simply do not find opportunities like this in the CBD very often.

Let us take a look at what makes this such a standout.

Upstairs Your Urban Haven

Sitting above the street is a bright two bedroom apartment with an open living space that looks out over George Street. It has its own private access from Earl Street so there is no need to step through the shop. The kitchen has been updated, the layout is practical, and the space feels light and inviting.

The apartment is currently leased through to August 2026 at $360 pw, giving you immediate rental income and peace of mind from day one.

Downstairs Your Business Base

The ground floor offers a spacious commercial shopfront that is ready for its next chapter. Whether you want to secure a tenant or bring your own business vision to life, the options here are endless. Take a look at the AI styled images for inspiration, because this space can adapt to so many ideas.

There is also a private storeroom and toilet at the rear, along with secure onsite parking. In the CBD, that alone is worth its weight in gold. Rental potential for the commercial space is estimated at around twenty five thousand per year plus outgoings.

The Location Everyone Wants

Set right in the lively heart of George Street, you are surrounded by cafs, boutiques, and steady foot traffic. It is a position that offers visibility, convenience, and strong commercial appeal, while also giving your upstairs tenant an unbeatable lifestyle.

Why 109 George Street Stands Out

Dual income potential with both residential and commercial returns

Brilliant CBD position with constant foot traffic

Secure off street parking

Flexibility to invest, occupy, or blend the best of both worlds

Properties like this do not come along often. It is smart, central, and full of opportunity.

If you want the kind of CBD investment that works as hard as you do, Bec and Wayne are ready to show you through.

Property History for 109 George St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$106,000
09 Jul 2002
Listed for Rent
$360/w
18 Jun 2025
  • 18 Nov 2025
    Listed for Sale Offers Over $749,000
  • 16 Jun 2025
    Listed for Rent $360 / week
  • 19 Jun 2024
    Listed for Sale Offers Over $799,000
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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.
There are currently 27 properties listed for sale, and 10 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 109 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.