295 Peel Street WSummerhill TAS 7250
Property Details for 295 Peel St W, Summerhill
295 Peel St W, Summerhill is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1966. The property has a land size of 987m2 and floor size of 130m2.
Last Listing description (July 2026)
Offering upside through both renovation and development (STCA), 295 Peel Street W provides an excellent opportunity for those looking for a versatile project. Offered to market for the first time in many decades, frontage from Peel Street West, but with potential access too from Castleford Court and its generously sized allotment provides great scope, whilst the currently dated interior of the existing dwelling provides further opportunity to add value.
Whilst value in developing and upside through renovations is clear, the entry level price expectations also provides opportunity for first home buyers to secure a well located property with scope for realising its true value down the track.
Comprising three spacious bedrooms, each has built-in storage. The separate and generously proportioned living space looks out to the covered front porch which enjoys all day sun. The kitchen, whilst dated, offers plentiful storage space and views to the rear gardens. The dining area conveniently adjoins the living space.
The bathroom with separate toilet is both particularly spacious and functional, the separate laundry offers adjoining access to the rear yard via the covered mud-room.
The existing large shed provides great storage space, wide driveway access also provides further space and potential in the rear yard.
A well located property with so much upside, a corner block comprising approximately 990m2, with general residential zoning and a solid brick home yearning for cosmetic upgrades is rarely found.
Positioned on the outskirts of Summerhill, within three minutes walk to St Patrick's College, a short walk to the Prospect Vale Marketplace, Olde Tudor Complex and Prospect High School, and less than ten minutes drive to the Launceston CBD. Contact Lochie today to register your interest.
Property History for 295 Peel St W, Summerhill, TAS 7250
- 12 Jul 2024Listed for Rent $480 / week
- 09 May 2024Listed for Sale Expressions of Interest
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0About Summerhill 7250
The size of Summerhill is approximately 2.3 square kilometres. There are 10 parks, covering nearly 10.9% of the 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 1,482 properties. Over the last 5 years, Houses in Summerhill have seen a 59.83% increase in median value, while Units have seen a 56.59% increase. As at 30 June 2026:
- The median value for Houses in Summerhill is $699,228 while the median value for Units is $508,466.
- Houses have a median rent of $580 while Units have a median rent of $460.
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