506/16 Paterson StreetLaunceston TAS 7250
Property Details for 506/16 Paterson St, Launceston
506/16 Paterson St, Launceston is a 1 bedroom, 1 bathroom Unit and was built in 2006. The property has a land size of 59m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 1 bedroom Unit sold in Launceston in the last 12 months.
Last Listing description (April 2026)
Perched on the topmost floor of the sought-after complex at 506/16 Paterson Street, this exceptional apartment presents a rare and elevated opportunity in the heart of Launceston. Offering a boutique feel with added privacy and outlook, this is a standout residence ideal for both astute investors and those seeking a stylish inner-city lifestyle.
Thoughtfully designed, the apartment features a spacious open-plan layout that seamlessly connects the kitchen, dining, and living areas-creating a light-filled and inviting space to relax or entertain. The generous bedroom includes built-in wardrobes, while the well-appointed bathroom offers a separate shower, bathtub, and integrated laundry for everyday convenience.
Positioned on the top floor, this residence enjoys a heightened sense of exclusivity and appeal, making it a particularly special offering within the building. Impeccably maintained, both the apartment and the complex reflect quality and care throughout.
Step outside and immerse yourself in Launceston's vibrant lifestyle, with cafes, restaurants, boutique shopping, gyms, and the picturesque Seaport all within easy walking distance. Whether you're looking for a low-maintenance "lock-and-leave" city base or a high-performing investment, this property delivers on all fronts.
This apartment represents a compelling investment opportunity in a tightly held location.
Property Information:
Year Built: 2006
House Size: 59m
Rental approx $2000 monthly
Water rates approximately $250 a quarter
Municipality: Launceston City Council
School Catchments: East Launceston Primary & Queechy High School
For further information or to arrange an inspection, please contact Terri Reynolds
Property History for 506/16 Paterson St, Launceston, TAS 7250
- 24 Apr 2026Sold for $350,000
- 10 Apr 2026Listed for Sale Offers over $349,000
- 12 Dec 2012Sold for $280,000
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 3,724 properties. Over the last 5 years, Houses in Launceston have seen a 28.49% increase in median value, while Units have seen a 19.27% increase. As at 30 June 2026:
- The median value for Houses in Launceston is $855,283 while the median value for Units is $562,985.
- Houses have a median rent of $583 while Units have a median rent of $450.
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