404/16 Paterson StreetLaunceston TAS 7250
Property Details for 404/16 Paterson St, Launceston
404/16 Paterson St, Launceston is a 2 bedroom, 2 bathroom Unit and was built in 2006.
Last Listing description (January 2025)
Dual-Key Apartment Opportunity in Launceston's CBD
Seize the rare chance to own a dual-key apartment in the heart of Launcestons vibrant CBD, housed in a historically significant building. This unique property offers an exceptional blend of flexibility and income potential, allowing you to live in one unit while renting out the other, or to enter the serviced apartment market for maximum returns.
Property Overview:
Located on Paterson Street, this fourth-floor apartment offers breath-taking views of the city lights. The dual-key layout features two separate tenancies, offering the possibility of living in one apartment while renting the other, ensuring a steady stream of income.
Main Apartment: Designed for long-term living or short-stay rentals, this apartment includes
separate living, sleeping, and bathing areas, a fully equipped kitchen, and laundry facilities,
making it an ideal home.
Studio Apartment: The second unit is a studio with hotel-style amenities, including a
kitchenette, perfect for short-term stays or entry into the serviced apartment market.
Key Features:
Two Independent Tenancies on One Title
Prime Inner-City Location in Launceston
Flexible Living Arrangements
Private Kitchen and Laundry Facilities
Built-in Storage
Elevator and Stair Access
Walking Distance to Launcestons Top Restaurants and Shops
Investment Potential:
This property is an excellent investment for those seeking high rental yields or a private urban retreat. By living in one unit and renting the other, you can enjoy both a central city lifestyle and income generation. Whether you choose short-term tenants or long-term renters, the apartment offers significant flexibility and returns.
Dont miss the opportunity to diversify your portfolio or secure a charming apartment in Launcestons bustling CBD.
Council rates: $2664 p/a approx.
Water rates: $912 p/a approx.
Building size: 101m2 approx.
Land size: 101m2 approx.
Year built: 2006
Rental estimates: Main apartment: $370-$390 p/w - Studio apartment: $320-$340 p/w.
Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Property History for 404/16 Paterson St, Launceston, TAS 7250
- 25 Oct 2024Listed for Sale Offers Over $549,000
- 09 Oct 2021Listed for Sale Offers over $649,000
- 13 Nov 2018Listed for Sale Not Disclosed
Recent sales nearby
See more recent sales nearby/assets/perm/sbzd3vc6omi65neu6oqhoa7hfi?signature=04619026cdf35723aef10739db6ae6da2d1d38492b3de9e4a4c55f1cf3972208){kind=logo}
0
/assets/perm/kxnejqw44yi63fq7kwe6cua7b4?signature=f4741d93376eb37b0b1c251a2c8d26e101f13405b3df9da6f4da14c5d661ec20){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
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 41.37% increase in median value, while Units have seen a 27.53% increase. As at 31 January 2026:
- The median value for Houses in Launceston is $766,540 while the median value for Units is $497,845.
- Houses have a median rent of $510 while Units have a median rent of $450.
Suburb Insights for Launceston 7250
Market Insights
Launceston Trends for Houses
N/A
N/A
View TrendN/A
N/A
Launceston Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© 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.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
