301/16 Paterson StreetLaunceston TAS 7250
Property Details for 301/16 Paterson St, Launceston
301/16 Paterson St, Launceston is a 1 bedroom, 1 bathroom Unit and was built in 1900. The property has a land size of 60m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 1 bedroom Unit sold in Launceston in the last 12 months.
Last Listing description (May 2025)
With an impressive rental return of approximately $18,000 per annum, this property is not only ideal for city living but also a fantastic investment opportunity!
Discover the ultimate lock-and-leave lifestyle in the heart of Launceston. Situated at 301/16 Paterson Street, this exceptional apartment offers the perfect blend of convenience and comfort for those seeking their dream city lifestyle.
This third-floor apartment features 1 bedroom and 1 bathroom, thoughtfully designed with a spacious open-plan layout that includes a kitchen, dining area, and living space. The generous bedroom comes with built-in wardrobes, while the bathroom offers a separate shower, a bathtub, and laundry facilities for added convenience.
Year Built: 2006
House Size: 59m2
Council Rates: $2,320pa approx
Water Rates: $800pa approx
Body Corporate: $2,320pa approx
Municipality: Launceston City Council
School Catchments: East Launceston Primary & Queechy High School
Sims for Property has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.
Property History for 301/16 Paterson St, Launceston, TAS 7250
- 10 Mar 2025Sold for $270,000
- 16 Jan 2025Listed for Sale Offers Over $289,000
- 12 Jan 2023Listed for Sale Offers Over $319,000
Recent sales nearby
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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 3,719 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.
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