16/39 Lawrence Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

16/39 Lawrence Street
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 25 May 2026
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Property Details for 16/39 Lawrence St, Launceston

16/39 Lawrence St, Launceston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990.

Building Type
Unit
Year Built
1990
Local Government
Launceston
Lot/Plan
16/56771

Last Listing description (March 2026)

***UNDER OFFER***Set-and-Forget Investment in an Unbeatable Location

Positioned in a quiet, well-maintained complex just moments from the heart of the city, this solid two-bedroom townhouse presents a fantastic opportunity for investors seeking a truly "set and forget" addition to their portfolio.Currently leased at $450 per week with a secure tenancy in place until 1st February 2027, the property offers immediate rental income and long-term stability.Spanning two levels, the home features a practical two-bedroom, one-bathroom layout, with comfortable living spaces and a private courtyard-perfect for low-maintenance living. Off-street parking adds further convenience for residents.The location is a standout. Just a short stroll to the beautiful City Park and only minutes from the Launceston CBD, the property places cafes, restaurants, shops and everyday amenities right at your doorstep.Whether you're expanding your investment portfolio or looking for a low-maintenance property in a blue-chip inner-city pocket, this townhouse delivers strong rental appeal, convenience and long-term potential.Key features:Currently rented for $450 per weekLease in place until 1st February 2027Strata: $522.45 approx. per quater Council rates: $1,558.82 approx. per annum Private courtyard for easy outdoor livingOff-street parkingQuiet complex in a highly convenient locationMoments from City Park and the Launceston CBDIdeal low-maintenance investment opportunityThe information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.

Property History for 16/39 Lawrence St, Launceston, TAS 7250

A timeline of how this property has performed in the market
  • 18 Mar 2026
    Sold for $410,000
  • 11 Mar 2026
    Listed for Sale Offers Over $410,000
  • 11 Sep 2023
    Listed for Rent $400 weekly
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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 3,721 properties. Over the last 5 years, Houses in Launceston have seen a 32.68% increase in median value, while Units have seen a 29.72% increase. As at 30 April 2026:

  • The median value for Houses in Launceston is $831,502 while the median value for Units is $553,434.
  • Houses have a median rent of $560 while Units have a median rent of $450.
There are currently 19 properties listed for sale, and 14 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 127 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.