54A Elizabeth Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

54A Elizabeth Street
Launceston TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 20 Apr 2026
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Property Details for 54a Elizabeth St, Launceston

54a Elizabeth St, Launceston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces.

Building Type
Unit
Local Government
Launceston

Last Listing description (February 2021)

CONFIGURATION: Top level apartment comprising 2 bedrooms, modern kitchen, spacious living area, updated bathroom with shower over bath, outdoor patio plus off street parking.

FEATURES: Updated kitchen and bathroom with modern fixtures and fittings throughout.


HEATING/COOLING: Reverse cycle air conditioner.

INCLUSIONS: Washing Machine.

PARKING: Off street parking for 1 car.

SUBURB PROFILE: Positioned in the central business district, surrounded by exceptional local cafs and bars, an abundance of parks and recreational areas such as the City Park, Princes Park, Cataract Gorge, Royal Park and a short stroll to the CBD and the popular George Street caf strip.

WHAT ABOUT PETS: The owner may consider a small, silent, house-trained pet with suitable references.

HISTORY OF THE BUILDING: Dr William Russel Pugh lived here from 1840, he and his cohort Dr James Grant (as per the plaque on the front of the building) carried out the first anaesthetic operation in the Southern Hemisphere in the 1840s at Moreton House in Charles Street, 54 Elizabeth St was the Doctors House and residence for approx 10 years; 1840-1850.

Property History for 54a Elizabeth St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Listed for Rent
$340/w
12 Feb 2021
  • 28 Jan 2021
    Listed for Rent $340 / week
  • 07 May 2020
    Listed for Rent $300 / week
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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 3,721 properties. Over the last 5 years, Houses in Launceston have seen a 37.53% increase in median value, while Units have seen a 34.57% increase. As at 31 March 2026:

  • The median value for Houses in Launceston is $827,043 while the median value for Units is $559,133.
  • Houses have a median rent of $560 while Units have a median rent of $450.
There are currently 24 properties listed for sale, and 12 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 126 properties were sold in the past 12 months in Launceston.

Suburb Insights for Launceston 7250

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

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.