17/17A Welman StreetLaunceston TAS 7250
Property Details for 17/17a Welman St, Launceston
17/17a Welman St, Launceston is a 4 bedroom, 4 bathroom House.
Last Listing description (February 2022)
This 1940 solid brick residence is a rare find in the current market, offering the unique configuration of four flats on one title. All are currently tenanted with varying lease end dates and the weekly rent amounts range from $230 - $255 per week (see details below).
Only a 5-minute walk to the Launceston CBD and Launceston Aquatic Centre, this property has both an upstairs and downstairs flat situated on each side. There is private access from the front and back, while the top-level flats have a small balcony overlooking the city and river. All of the front windows offer the most wonderful views and Welman Street is renowned for being safe and quiet.
Each of the floorplans are slightly different, however all have one double bedroom with large built-in robe, a bathroom with toilet, separate kitchen and a good size living room. The 3D Virtual Tours completed for both Flat 1 and Flat 3 give buyers an excellent overview of the spaces. There is a single allocated parking bay for each occupant and the 495m2 block is conveniently low maintenance.
Due to the existing configuration, Launceston City Council have indicated that 17A-17B Welman Street has Strata Development potential, making it an exciting prospect for a savvy investor (STCA). A Pre-Purchase Building Inspection has already been completed for buyer convenience, with no major structural defects noted.
The excellent team at Property Wise Launceston are the property managers for this address. Details for each existing lease are as follows:
Flat 1/17A Welman St (downstairs) - $255.00 rent per week. Lease end January 2023
Flat 2/17A Welman St (upstairs) - $245.00 rent per week. Lease end February 2022
Flat 3/17B Welman St (upstairs) - $255.00 rent per week. Lease end November 2022
Flat 4/17B Welman St (downstairs) - $230.00 rent per week. Lease end April 2022
Properties such as 17A-17B Welman Street are hard to come by, so give Rae a call on 0455 445 300 for further information.
Deadline for Offers is 12.00pm Thursday, 25th November. 2021.
Annual Launceston City Council rates $5,305.00
Annual Taswater rates + usage $3,771.00
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.
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Property Code: 392
Property History for 17/17a Welman St, Launceston, TAS 7250
- 18 Nov 2021Listed for Sale Offers Over $1,100,000
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0About 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 43.28% increase in median value, while Units have seen a 23.52% increase. As at 31 December 2025:
- The median value for Houses in Launceston is $764,492 while the median value for Units is $486,282.
- Houses have a median rent of $510 while Units have a median rent of $450.
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