54B Elizabeth Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
 
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54B Elizabeth Street
Launceston TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Last updated 5 Jan 2026
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Property Details for 54b Elizabeth St, Launceston

54b Elizabeth St, Launceston is a 1 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
Launceston

Last Listing description (September 2025)

CONFIGURATION: Suitable for a home business operator, this fully renovated 1 bedroom studio apartment is ideal for a commuter or home office arrangement offering 1 bedroom, kitchen and separate living area and bathroom with separate toilet.

FEATURES: Furnished including whitegoods, easy access and plenty of affordable parking nearby, adjacent to the Upper St John St cafe precinct, views of Princes Park and St Johns Cathedral.

HEATING/COOLING: Reverse cycle air conditioner.

PARKING: No off street parking, ample affordable parking options nearby.

INCLUSIONS: Furnished including whitegoods.

EXCLUSIONS: Linen.

LEASE TERM: The owner will require an initial 12 month lease.

WHAT ABOUT PETS: Sorry pets are not suitable at this property.

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 popular Charles Street caf strip and the Launceston General Hospital.

THE HISTORY: Dr William Russel Pugh living 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.

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

A timeline of how this property has performed in the market
Listed for Rent
$360/w
19 Sep 2025
  • 19 Sep 2025
    Listed for Rent $360 / week
  • 15 Aug 2025
    Listed for Rent $325 / week
  • 11 Oct 2024
    Listed for Rent $295 / 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 3,724 properties. Over the last 5 years, Houses in Launceston have seen a 43.28% increase in median value, while Units have seen a 23.52% increase. As at 31 December 2025:

  • The median value for Houses in Launceston is $764,492 while the median value for Units is $486,282.
  • Houses have a median rent of $510 while Units have a median rent of $450.
There are currently 25 properties listed for sale, and 15 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 121 properties were sold in the past 12 months in Launceston.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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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.

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