149 Peel Street WSummerhill TAS 7250
Property Details for 149 Peel St W, Summerhill
149 Peel St W, Summerhill is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 676m2 and floor size of 184m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 4 bedroom House sold in Summerhill in the last 12 months.
Last Listing description (July 2025)
Rare investment opportunity offering two co-joined brick units on one title with reliable tenants already in place. Each unit mirrors the other with open kitchens, dining areas and sunlit north-facing living rooms. Two double bedrooms in each come with built-in storage and the bathrooms include 3/4 baths, separate showers and separate toilets.
Enjoy year-round comfort with reverse cycle air conditioning. The 676 sqm block is flat and easy care with a lock-up garage for each unit and additional off-street parking. Located just 300m to Summerdale Medical Centre and within walking distance to schools, shops and the Olde Tudor Shopping Complex.
Key Features:
• Great tenants in place - set and forget
• Two low maintenance brick two-bedroom units (mirror image)
• No body corporate fees (one owner)
• Open kitchens, dining areas and north facing living rooms
• Two double bedrooms in each, all with built in storage
• Both bathrooms offer a 3/4 bath, separate showers & separate toilets
• Reverse cycle air conditioning in each
• Flat, easy care 676 sqm block
• Lock-up garages (1 per unit) and off street parking
• Easy walking distance (300m) to Summerdale Medical Centre
• Close to public and private schools, shops, supermarkets & all city conveniences
• Walking distance (850m) to IGA, eateries and facilities at Olde Tudor Shopping Complex
• 8 Minutes to Launceston's CBD and just 14 minutes to Launceston Airport
For expert real estate advice you can trust, talk to Jeremy Wilkinson.
Rental return: $770 pw ( Unit 1 - Lease end 1/12/2025 $370 pw & Unit 2 - Lease end 29/12/25 $400 pw)
Current market rental estimate: Up to $840pw ($420pw each unit)
Unit sizes: 92 sqm each
Land size: 676 sqm
Built: 1987
Council rates: $3,132 pa
Council: Launceston
Council Zoning: General Residential
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
Property History for 149 Peel St W, Summerhill, TAS 7250
- 08 Jul 2025Sold for $793,000
- 23 Jun 2025Listed for Sale Best Offer Over $785,000
- 28 Oct 1986Sold for $16,000
Recent sales nearby
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0About Summerhill 7250
The size of Summerhill is approximately 2.3 square kilometres. It has 10 parks covering nearly 10.9% of total area. The population of Summerhill in 2016 was 3135 people. By 2021 the population was 3139 showing a population growth of 0.1% in the area during that time. The predominant age group in Summerhill is 30-39 years. Households in Summerhill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Summerhill work in a community and personal service occupation.In 2021, 71.50% of the homes in Summerhill were owner-occupied compared with 69.60% in 2016.
Summerhill has 1,479 properties. Over the last 5 years, Houses in Summerhill have seen a 64.02% increase in median value, while Units have seen a 57.51% increase. As at 30 November 2025:
- The median value for Houses in Summerhill is $583,803 while the median value for Units is $434,423.
- Houses have a median rent of $510 while Units have a median rent of $440.
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