15/135-143 Paterson Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

15/135-143 Paterson Street
Launceston TAS 7250

Bedrooms: 4
Bathrooms: 3
Car spaces: 3
Floor area: 214m2
Land area: 313m2
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Property Details for 15/135-143 Paterson St, Launceston

15/135-143 Paterson St, Launceston is a 4 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 2006. The property has a land size of 313m2 and floor size of 214m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Year Built
2006
Floor Size
214m2
Land Size
313m2
Local Government
Launceston
Lot/Plan
15/152165

Last Listing description (May 2026)

Overlooking the Tamar River and city skyline, this luxurious inner-city residence combines architectural sophistication with everyday functionality and smart design. The upper level forms the heart of the home with open-plan living flowing through bi-fold doors to a full-length terrace. A granite kitchen with high-end appliances and abundant storage anchors the space, enhanced by cathedral ceilings and automated C-Bus lighting.

The private lift ensures liveable housing for years to come, while four bedrooms provide flexibility for family or guests. Comfort is assured with ducted reverse-cycle climate control and an electric ambient fire, complemented by new wool carpets, security system and triple remote garage with storage. All just moments from the Seaport, Cataract Gorge and CBD.

Key features

Approved for Airbnb - option to purchase fully furnished
Both levels capture unique water views over the Tamar River
Lift available to the first floor for liveable housing and future proofing
Clever floorplan allows single level living if desired
Spacious open-plan living, dining and kitchen upstairs, anchored by bi-fold doors opening to a full-length terrace
Gourmet kitchen with high end appliances including Smeg refrigerator, Granite benchtops, integrated dishwasher and ample storage
Four generous bedrooms (all with built-in robes) or 3 plus an extra separate living area
Main bedroom features bifold doors, walk-in wardrobe, stunning ensuite with spa bath, twin vanity, separate rainfall, double shower
Two more elegant bathrooms provide ensuites for two of the downstairs bedrooms plus the added convenience of a powder room (toilet & basin)
Ducted reverse-cycle heating/cooling, plus ambient electric log fire in main lounge
Terraced outdoor entertaining with built-in Smeg gas BBQ
High ceilings throughout and cathedral ceilings in the main living area offer the luxury feel
Triple remote garage with storage area
C-Bus automated lighting control, security alarm system, ducted vacuum system, intercom for guest entry
New quality wool carpets throughout, neutral tones
Plenty of storage options, large laundry
Located inner-city, yet remarkably quiet
Close to the Seaport and the Cataract Gorge with a myriad of walking options
Easy walk to cafs, restaurants, shops, and the heart of the CBD

Why this stands out:
Rare to find a luxurious four-bedroom unit with triple parking so close to the CBD
Strong appeal for both owner-occupiers and high end investors
Approved for short-stay / Airbnb income in addition to longer term lease

For expert real estate advice you can trust, talk to Jeremy Wilkinson.

Additional Property Details:
Rental estimate: Airbnb $600 per night, Longer term: Up to $950 pw
Built: 2006
Apartment size: 214 sqm
Land size: 313 sqm
Council rates : $3,216 pa

**Harcourts Launceston 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. All measurements are approximate**

Property History for 15/135-143 Paterson St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$1,200,000
20 Dec 2022
Listed for Rent
$790/w
27 Aug 2022
  • 05 May 2026
    Listed for Sale Best Offer Over $1,400,000
  • 12 Oct 2025
    Listed for Sale Best Offer Over $1,400,000
  • 20 Dec 2022
    Sold for $1,200,000
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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 3,724 properties. Over the last 5 years, Houses in Launceston have seen a 26.79% increase in median value, while Units have seen a 15.50% increase. As at 31 July 2026:

  • The median value for Houses in Launceston is $873,912 while the median value for Units is $559,475.
  • Houses have a median rent of $590 while Units have a median rent of $450.
There are currently 20 properties listed for sale, and 11 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 130 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.