403/16 Paterson StreetLaunceston TAS 7250
Property Details for 403/16 Paterson St, Launceston
403/16 Paterson St, Launceston is a 2 bedroom, 2 bathroom Unit and was built in 2006. The property has a land size of 94m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in March 2024.
Last Listing description (September 2025)
Located in the centre of Launceston's CBD precinct and in a historically significant local landmark building, we offer to you a unique opportunity to acquire an inner-city residence with the possibility for flexible investment returns or perhaps an inner city peid-a-terre.
This dual apartment provides two flexible tenancies suitable for letting jointly or individually. Fronting Paterson Street and located on the fourth floor looking down on the city lights and across the historic rooftops of neighbouring buildings. With separate living, sleeping and bathing rooms as well as kitchen and laundry facilities this property lends itself perfectly to inclusion in the short-stay market or as a boutique urban home or rental property.
The second tenancy is a studio style apartment that offers hotel-like amenities, including its own kitchenette.
Historically enjoying high returns and with the potential to reintroduce to a pool of serviced apartments, this property is geared to the astute purchaser looking for income, growth and upside.
Prominent features of this property include:
- two separate tenancies on one title.
- inner city, urban apartment
- separate living and private spaces
- built in storage
- private apartment kitchen/laundry facilities
- elevator and stair access
- walking distance from Launceston's best establishments
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Property History for 403/16 Paterson St, Launceston, TAS 7250
- 19 Mar 2025Listed for Sale $540,000
- 04 Jun 2024Listed for Sale Not Disclosed
- 01 Mar 2024Sold for $540,000
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 3,721 properties. Over the last 5 years, Houses in Launceston have seen a 29.47% increase in median value, while Units have seen a 24.45% increase. As at 31 May 2026:
- The median value for Houses in Launceston is $854,205 while the median value for Units is $556,922.
- Houses have a median rent of $580 while Units have a median rent of $450.
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