26 Margaret StreetLaunceston TAS 7250
Property Details for 26 Margaret St, Launceston
26 Margaret St, Launceston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 115m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in July 2016.
Last Listing description (October 2016)
Situated on the corner of the main arterial access from the West Tamar. This is a high profile site that is ready to be developed further. Recently this property has been let as a 2 bedroom residence and returned $200 per week. Prior to this arrangement there was a shop located on the ground floor and residence above. A major bonus of having a single lockup garage certainly makes this a sought after site and with the advent of Air B&B there is a large upside to this property. The picture so far is rosy but it does require some updating to fully realise the potential of the site. Currently vacant for the purpose of sale.
Property History for 26 Margaret St, Launceston, TAS 7250
- 15 Jul 2016Sold for $215,000
- 21 Jun 2016Listed for Sale Best offer over $220,000
- 19 May 2014Listed for Rent $210 / week
Recent sales nearby
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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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