123 Margaret St, Launceston, TAS 7250 | Property Value & History | OnTheHouse
FOR SALE

123 Margaret St
Launceston TAS 7250

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 218m2
This property is currently on the market
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Property Details for 123 Margaret St, Launceston

123 Margaret St, Launceston is a 3 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 218m2.This Property is currently listed for sale with Howell Property Group

Building Type
Unit
Land Size
218m2
Local Government
Launceston

Last Listing description (January 2026)

123 Margaret Street sits on the fringe of the city. Spanning two levels, this modern townhouse blends indoor and outdoor living with dining spaces that take in rooftop views. The light-filled interior exudes a quiet luxury, from the thoughtfully chosen fixtures and soft furnishings to the high-end appliances and the beautiful hardwood timber floors.Enjoy your choice of two balconies one at the front off the living room, perfect for afternoon drink in the sun, and one at the rear from the dining area, ideal for morning coffee.Your primary bedroom enjoys a large walk-in robe and ensuite, while bedrooms two and three open directly onto a private rear courtyard.The modern townhouse places Launcestons best dining and coffee scene within easy walking distance no Uber required, and Brickfields Park provides a leafy green pause on your stroll to work or enroute for a lazy Sunday brunch.This locale also provides easy access for the Launceston General Hospital and also only a short commute to the Launceston airport. 3 large bedrooms, primary with ensuite + walk in wardrobe. Beautiful family bathroom with freestanding bath & custom vanity. Heated towel rails feature in both bathrooms. Powder room upstairs for guests convenience. Gorgeous well-appointed kitchen with integrated dishwasher & large island bench. Distinct dining & living rooms each with their own deck access. Convenient ducted heating & cooling system. Automatic double garage for easy & secure access. Low maintenance front yard + private rear courtyard. Central location perfect for easy, lock & leave city living.Howell Property Group 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 its validity. Prospective clients are advised to carry out their own investigations.

Property History for 123 Margaret St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$963,343
03 Jun 2021
Listed for Rent
$950/w
20 Oct 2025
  • 29 Jan 2026
    Listed for Sale $1,195,000 - $1,250,000
  • 20 Oct 2025
    Listed for Rent $950 / week
  • 17 Aug 2025
    Listed for Sale $1,195,000 - $1,250,000
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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 3,723 properties. Over the last 5 years, Houses in Launceston have seen a 41.37% increase in median value, while Units have seen a 27.53% increase. As at 31 January 2026:

  • The median value for Houses in Launceston is $766,540 while the median value for Units is $497,845.
  • Houses have a median rent of $510 while Units have a median rent of $450.
There are currently 28 properties listed for sale, and 12 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 116 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.