128 Margaret Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

128 Margaret Street
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 81m2
Land area: 238m2
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Last updated 31 Aug 2026
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Property Details for 128 Margaret St, Launceston

128 Margaret St, Launceston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 238m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in September 2017.

Building Type
Unit
Year Built
1989
Floor Size
81m2
Land Size
238m2
Local Government
Launceston
Lot/Plan
2/55740

Last Listing description (September 2026)

This lovely house has recently been completely renovated and is waiting for you to call it "home".

The property has two bedrooms, both with built-in robes, a lovely open plan kitchen, dining and lounge with a reverse cycle air conditioner (heat pump) and outlook from the lounge over the rear entertaining area. The colour pallet is neutral and your personal items will really help you make this property your own individual space to retreat and relax.

There is plenty of off-street parking and also a single garage, ensuring secure parking and fencing.

The location is perfect within only a few minutes walk to the Launceston General Hospital, the CBD of Launceston or Cafe Cuccina for an early morning breakfast, coffee or multiple lunch options.

Available: 2nd October 2026

Lease term: 12 months

To request a viewing of this property or receive an application, please submit an email enquiry and you will be notified of available opportunities and an online link to apply.

We cant wait to help you secure your new home!

Property History for 128 Margaret St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$280,000
01 Sep 2017
Listed for Rent
$450/w
12 Nov 2021
  • 07 Sep 2026
    Listed for Rent $510 / week
  • 30 Aug 2024
    Listed for Rent $485 / week
  • 08 Jan 2024
    Listed for Rent $485 / week
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About 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 3,723 properties. Over the last 5 years, Houses in Launceston have seen a 25.41% increase in median value, while Units have seen a 12.75% increase. As at 31 August 2026:

  • The median value for Houses in Launceston is $870,305 while the median value for Units is $557,467.
  • Houses have a median rent of $600 while Units have a median rent of $470.
There are currently 20 properties listed for sale, and 12 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 121 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.