232 Peel Street WSummerhill TAS 7250
Property Details for 232 Peel St W, Summerhill
232 Peel St W, Summerhill is a 5 bedroom, 1 bathroom House with 2 parking spaces and was built in 1956. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 5 bedroom House sold in Summerhill in the last 12 months.
Last Listing description (October 2025)
Comfortable Family Living with Development Potential
On a generous 1,012m allotment in the heart of established Summerhill, this solid 1950s home presents a rare blend of immediate comfort and untapped potential. Extensively renovated in recent years-including a striking new kitchen and thoughtful bedroom alterations-the property is primed for modern family living while still offering scope for future value-adding works.
Inside, the home delivers five bedrooms, including a main with walk-in robe. The updated floor plan enhances functionality, with flexible spaces suitable for children, guests, or a dedicated home office. The central living zone is light-filled and flows naturally into the dining and kitchen areas, creating a welcoming heart of the home.
The kitchen has been transformed with sleek cabinetry, stone-look benchtops, and quality appliances, bringing a contemporary edge to the interiors. It provides an ideal balance of style and practicality, anchoring the living spaces and catering easily to family meals and entertaining.
Comfort has been carefully considered, with reverse-cycle heating and cooling, and natural gas ducted heating, ensuring year-round climate control.
The true distinction lies in the scale of the landholding. Spanning more than 1,000m, the allotment offers a wealth of outdoor space-secure for children and pets, yet with obvious scope to create landscaped gardens, outdoor entertaining areas, or to further extend the home. Importantly, the site also presents genuine potential for future development (STCA), making it a compelling opportunity for buyers with an eye on growth.
A large 6x9m shed with power, solar panels on the roof, and a double garage provides secure parking and excellent utility, further enhancing the property's versatility.
Summerhill has long been one of Launceston's most liveable suburbs, prized for its family-friendly streetscape, proximity to quality schools, and everyday conveniences. The CBD is just a short drive away, ensuring city access while retaining suburban peace.
232 Peel Street West is a property of both substance and possibility: on a substantial parcel of land, with further potential waiting to be unlocked. Whether as a family residence, an investment with development upside, or a project to take to the next level, this address represents a rare chance in a sought-after setting.
Property History for 232 Peel St W, Summerhill, TAS 7250
- 01 Oct 2025Sold for $642,000
- 09 Sep 2025Listed for Sale Expressions of Interest
- 23 Sep 2022Sold - Price Undisclosed
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 1,483 properties. Over the last 5 years, Houses in Summerhill have seen a 59.89% increase in median value, while Units have seen a 59.42% increase. As at 31 January 2026:
- The median value for Houses in Summerhill is $605,788 while the median value for Units is $441,372.
- Houses have a median rent of $535 while Units have a median rent of $450.
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