54 Elizabeth StreetLaunceston TAS 7250
Property Details for 54 Elizabeth St, Launceston
54 Elizabeth St, Launceston is a 4 bedroom, 3 bathroom House and was built in 1880. The property has a land size of 166m2 and floor size of 180m2. While the property is not currently for sale or for rent, it was last sold in November 2018.
Last Listing description (March 2021)
Previously held by the Theosophical Society for over 100 years, the current owner has significantly transformed this beautiful property into a diverse holding comprising three separate entities. It is hard to imagine a more central location for an investment of this nature with literally every institution known to man and science within a two-block radius. With a steady income stream of approx. $46,000 plus PA gross, investments like these in such a blue chip area are gold!
This beautifully renovated property has been part of the streetscape since the 1830's and is located adjacent to the magnificent St Johns Church, the first church built in Launceston, and the historically significant Princes Square. Interestingly Princes Square was first reserved as a public space in 1826 and was once a brickfield and soldiers parade ground before finally becoming an official public space in 1858.
This property has never been in such good condition internally and externally guaranteeing the new owners with many years of excellent income and very little maintenance. Another alternative may be to owner/occupy one of the three flats and draw a healthy income from the remainder. Check out the top floor suite, it's our favourite and comes with delightful views over the CBD and an appealing deck ready and waiting for those lovely balmy nights.
Current configuration:
Flat A - 2 bedrooms, located upstairs. Includes washing machine, heat pump and use of rear shed
Currently leased at $340pw until Aug 2021
Flat B - Studio, located at rear downstairs. Includes washing machine and heat pump.
Currently for lease at $280pw
Flat C - Studio, located at front downstairs. Includes washing machine and heat pump.
Currently leased at $275pw until Oct 2021
54 Elizabeth St a glance:
3 fully renovated studio/townhouses
Solid rental history in a blue chip area
Delightful views over the CBD, Princes Square and St Johns Church
2 off street parking spots
Perfect for an owner/occupier looking for added income
Land Tax $556pa
Council Rates $2275 pa
Water Rates approx. $280 per quarter
Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.
Property History for 54 Elizabeth St, Launceston, TAS 7250
- 15 Oct 2020Listed for Rent $275 / week
- 20 Aug 2019Listed for Rent $15,000 / year
- 05 Jul 2019Listed for Sale Not Disclosed
Recent sales nearby
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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 3,719 properties. Over the last 5 years, Houses in Launceston have seen a 49.52% increase in median value, while Units have seen a 32.72% increase. As at 31 October 2025:
- The median value for Houses in Launceston is $758,684 while the median value for Units is $492,183.
- Houses have a median rent of $500 while Units have a median rent of $450.
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