237-241 Wellington StreetLaunceston TAS 7250
Property Details for 237-241 Wellington St, Launceston
Last Listing description (March 2021)
Fronting Wellington Street and passed by tens of thousands of cars a day, this high profile corner location offers masses of potential. On a substantial holding of some 1,189m2 across three titles, the property has access to both Wellington Street and Cleveland Street and is based in a medical and commercial precinct with the Launceston General Hospital nearby and the Launceston Health Hub next door. Evidence of just how well traversed the roads are one of the states busiest McDonalds sits only a few hundred metres down the road in Howick Street, just beyond that is the Midland Highway. With a net lettable area of approx. 453m2, an awning of approx. 154m2, car parking for 16 cars and easily accessed from anywhere in Launceston, this is a site ideally suited for use as is or for further development maximising the high profile location, extensive improvements, car parking and multiple accesses.
Property History for 237-241 Wellington St, Launceston, TAS 7250
- 09 Nov 2019Listed for Sale Expressions of Interest
Recent sales nearby
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0About 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 3,723 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.
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