169 Wellington StreetLaunceston TAS 7250
Property Details for 169 Wellington St, Launceston
169 Wellington St, Launceston is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1900. The property has a land size of 152m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 2 bedroom Unit sold in Launceston in the last 12 months.
Last Listing description (May 2026)
An exceptional and rare opportunity on the city fringe with two flats held on a single title, split over two levels within a charming building originally constructed in 1884.One flat (169B) is currently tenanted until February 2027, providing secure ongoing rental income. The second flat (169A) is vacant and ready for immediate renovation or modernisation to enhance value and future yield.Both residences offer one bedroom and one bathroom, with solid foundations and plenty of scope to refresh and elevate their appeal. There is a single allocated parking bay for the property.Positioned in an excellent location, close to transport, key city amenities and opposite a Coles supermarket, this property offers strong rental demand and outstanding long-term growth prospects.This is a potentially lucrative investment opportunity for those looking to secure a character property with dual income potential, renovation upside, or a flexible living and leasing arrangement.Flat 169B is currently managed by Property Wise Launceston at a weekly rent of $280.00 increasing to $300.00 on 29 Jan 2026.A Pre-Sale Building Inspection has already been completed for buyer convenience so contact Rae today to find out more.Launceston City Council Rates $3,328.93Taswater Rates $1,686.12 + usageStrata Tas Levies $2,826.00 Flanagan Residential provides this information from third parties as a convenience to you and recommends prospective purchasers carry out their own enquiries and seek legal advice with respect to the property information provided.Property Code: 609
Property History for 169 Wellington St, Launceston, TAS 7250
- 11 Dec 2025Sold for $425,000
- 06 Nov 2025Listed for Sale Offers Over $495,000
- 21 Jan 2021Sold for $350,000
Recent sales nearby
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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.
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