116 Margaret StreetLaunceston TAS 7250
Property Details for 116 Margaret St, Launceston
116 Margaret St, Launceston is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1925. The property has a land size of 368m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in June 2020.
Last Listing description (June 2020)
This property is truly lovely and has a homely feel about it. There are 2 large sunny bedrooms at the front of the home. A small sunroom/office/dressing room are leads off the main bedroom. The lounge, dining, family rooms are combined and have polished floorboards and lead onto the kitchen which is clean fresh and includes a breakfast bar area and fridge/freezer. The bathroom and toilet are combined. The laundry is separate. The home is heated and cooled with an as new reverse cycle heat pump. There is a lovely easy care, fully fenced rear yard. This property is walking distance to parklands, restaurants and the CBD. Due to the location, this one will not last long. Included with the tenancy is a fridge/freezer and washing machine.THERE IS NO USE OF THE WOOD HEATER IN THE FRONT ROOM. LEASE BREAK, EXPIRES: 28/02/2018, 12 MONTH LEASE AVAILABLE, AVAILABLE 06/2/2018, PETS ON APPLICATION.
Property History for 116 Margaret St, Launceston, TAS 7250
- 03 Jun 2020Sold for $335,000
- 27 Feb 2020Listed for Rent - Price not available
- 01 Feb 2018Listed for Rent - Price not available
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0About 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 3,724 properties. Over the last 5 years, Houses in Launceston have seen a 28.49% increase in median value, while Units have seen a 19.27% increase. As at 30 June 2026:
- The median value for Houses in Launceston is $855,283 while the median value for Units is $562,985.
- Houses have a median rent of $583 while Units have a median rent of $450.
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