504/16 Paterson StreetLaunceston TAS 7250
Property Details for 504/16 Paterson St, Launceston
504/16 Paterson St, Launceston is a 2 bedroom, 2 bathroom House and was built in 2006. The property has a land size of 104m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in February 2025. There are other 2 bedroom House sold in Launceston in the last 12 months.
Last Listing description (April 2025)
Located in the heart of Launceston's CBD, this unique dual-apartment offers exceptional flexibility for both homebuyers and investors. Situated in a landmark building on Paterson Street, the property provides stunning views across the city's rooftops and features two distinct tenancies under a single title-ideal for flexible letting or inner-city living.
The primary apartment offers separate living, sleeping, and bathroom areas, along with a full kitchen and laundry, making it perfect for the short-stay market or as an urban residence. The second tenancy is a studio apartment with hotel-style amenities, complete with its own kitchenette and bathroom.
With a history of strong rental returns, this property presents an excellent opportunity for those seeking both income and growth.
Ideal for investors or anyone looking for a city residence with the added benefit of dual rental income. Contact Rebekah today!
Property History for 504/16 Paterson St, Launceston, TAS 7250
- 04 Feb 2025Listed for Sale $470,000
- 02 Feb 2025Sold for $470,000
- 31 May 2024Listed for Sale $470,000
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 3,719 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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