65 Balfour Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

65 Balfour Street
Launceston TAS 7250

Bedrooms: 4
Bathrooms: 1
Car spaces: 3
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Property Details for 65 Balfour St, Launceston

65 Balfour St, Launceston is a 4 bedroom, 1 bathroom House with 3 parking spaces and was built in 1870. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
House
Year Built
1870
Local Government
Launceston
Lot/Plan
1/44917

Last Listing description (September 2025)

"Elderslie" Grand Victorian Terrace In Lifestyle Locale

Perched in one of Launceston's most coveted enclaves, Elderslie, an impressive city fringe town residence, offers a lifestyle defined by sophistication, history, and complete comfort. The gracious Victorian terrace home, originally constructed circa-1870, perfectly balances its rich character with modern convenience, making it an ideal sanctuary for families or those seeking refined living within walking distance to the CBD.A striking, elegant faade offers a glimpse of the expanse and timeless style to come, and the period attributes that have been impeccably retained and enhanced, including high ceilings, lead-light windows, and original, now decorative, fireplaces. The lower-floor is home to numerous living areas, both formal and casual, including dedicated dining, and a stunning conservatory that creates a sun-filled space to both relax and host family and friends. The kitchen is a statement in style and functionality, beautifully renovated with a sleek and spacious design. Fitted with premium appliances, expansive countertops, and abundant storage, it is perfectly suited to both family living and effortless entertaining.Four generous bedrooms offer comfortable accommodation, with a versatile layout that allows for a dedicated study, additional lounge, or creative workspace if desired. The master is a true retreat, opening to a private balcony that frames sweeping city views, and enjoys a walk-in wardrobe. Each of the three remaining bedrooms feature built-in storage. The elegant bathroom servicing the home is located upstairs, complete with a bath, shower, and toilet. Two powder rooms, one on each level, afford additional convenience. The European laundry is cleverly concealed adjacent to the kitchen.Indoors extends out to a private courtyard, paved, and with a tranquil water feature. The gardens are low-maintenance, offering an escape from the bustle of city life and providing the perfect setting for a coffee or an evening glass of wine. Off-street parking is well-catered for, with space for up-to three vehicles within the driveway. There is ample storage throughout, including two exterior garden sheds. Positioned for absolute convenience, this remarkable home is within walking distance of Launceston General Hospital, the CBD, quality schools, boutique stores, restaurants, cafes, and public transport, placing everything required for a high-quality lifestyle within easy reach. Currently leased at $650 per week, Elderslie also presents an attractive investment opportunity for those seeking secure rental returns.

Property History for 65 Balfour St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$1,250,000
18 Aug 2021
  • 11 Sep 2025
    Listed for Sale Offers Over $1.15m
  • 21 Aug 2024
    Listed for Rent $700 per week
  • 13 Jul 2022
    Listed for Rent $580 /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 3,723 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 28 properties listed for sale, and 14 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 119 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.