52 Wellington Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
 
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52 Wellington Street
Launceston TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: 3
Land area: 145m2
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Property Details for 52 Wellington St, Launceston

Building Type
Commercial
Year Built
1880
Land Size
145m2
Local Government
Launceston
Lot/Plan
1/34118

Last Listing description (June 2020)

Offers invited over $500,000

With its premium position on the intersection of Wellington & Elizabeth Streets, 52 & 52A Wellington Street is an impressive offering in todays market. With approximately 30,000 traffic movements daily, the level of exposure is amongst the highest in the city, if profile is important then look no further. Currently owner occupied and utilised as a retail space, this property is ready for redevelopment - accommodation, residential, retail and business or professional services come to mind.


Features include:

-Offered with vacant possession
-Prominent corner site on Wellington & Elizabeth Streets
-Passing traffic of approximately 30,000 vehicles per day
-Ground floor: 176m2 approx.
-Upstairs area: 66m2 approx.
-Land: 283m2 approx.
-Zoning Urban Mixed Use (15.0)
-Parking for 3 vehicles directly behind property
-Reverse cycle air conditioning
-Kitchenette and toilet facilities
-NBN Ready

Outgoings: (previous financial year)

Land Tax: $1177.50
Council Rates: $3519.28
TasWater: $1670.86

To learn more about this property, contact Andy at Tucker & Howell.

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Property History for 52 Wellington St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$465,000
24 Aug 2020
  • 24 Aug 2020
    Sold for $465,000
  • 11 Jul 2019
    Listed for Sale Offers invited over $500,000
  • 20 Apr 2007
    Sold for $405,000
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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 3,723 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.
There are currently 28 properties listed for sale, and 12 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 116 properties were sold in the past 12 months in Launceston.

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