202 George Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
 
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202 George Street
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Floor area: 59m2
Land area: 763m2
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Last updated 29 Dec 2025
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Property Details for 202 George St, Launceston

202 George St, Launceston is a 2 bedroom, 1 bathroom Unit with 4 parking spaces and was built in 1920. The property has a land size of 763m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in October 2017.

Building Type
Unit
Year Built
1920
Floor Size
59m2
Land Size
763m2
Local Government
Launceston
Lot/Plan
1/175794

Last Listing description (December 2017)

With an elevated north westerly outlook providing gorgeous views and plenty of sun, this block of 4 flats offers a great investment opportunity.
Currently fully let, the property has remained in the same family for 60 years and has a solid rental history.
The corner site allows under cover parking for 4 cars and a single garage, with access off both George and Balfour Streets.

Given the sought after, central location and the recent increase in land values in the city, the possibility of re-development may also be an option for those looking for a project (STCA).
Council rates; $4300pa approx.
Water rates; $3540pa approx.
Please phone for to schedule an inspection, 48 hours notice is required.

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Property History for 202 George St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$540,000
29 Oct 2017
  • 29 Oct 2017
    Sold for $540,000
  • 14 Oct 2017
    Listed for Sale Offers Over $549,000 (under offer)
  • 21 Jun 2017
    Listed for Sale $575,000
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About 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 3,720 properties. Over the last 5 years, Houses in Launceston have seen a 45.45% increase in median value, while Units have seen a 34.92% increase. As at 30 November 2025:

  • The median value for Houses in Launceston is $744,245 while the median value for Units is $498,010.
  • Houses have a median rent of $510 while Units have a median rent of $460.
There are currently 26 properties listed for sale, and 9 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 119 properties were sold in the past 12 months in Launceston.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
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