120 Tasman Hwy, Waverley is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 780m2 and floor size of 42m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 3 bedroom House sold in Waverley in the last 12 months.
Positioned on a generous block, presents an excellent opportunity for first-home buyers, families, or investors. Located just minutes from Launceston's CBD, it combines comfortable living with the potential for dual occupancy (STCA). The existing dwelling currently returns $410 per week. The detached garage/workshop has existing toilets and plumbing facilities, with plenty of scope to easily convert to a habitable dwelling which could be let separately for up to $300 per week. Additional parking spaces enhance the practicality of this conversion. The existing dwelling comprises three generously sized bedrooms, each with built-in robes, connected by a central hallway. The bathroom is spacious, featuring both a bath and shower, with a separate toilet for added convenience. An open-plan living, kitchen, and dining area provides a welcoming space for everyday living. The kitchen is equipped with ample storage and generous bench space. Comfort is ensured year round with a reverse cycle system, while high ceilings and large windows fill the home with natural light, enhancing its overall appeal.Outside, the low maintenance yard offers potential for future landscaping, along with plenty of off-street parking. The large garage/workshop provides opportunities for dual occupancy or conversion into a granny flat, subject to council approval (STCA).Situated within walking distance of Waverley Primary School, Pritchard Street Park, local shops, and public transport. Current rent: $410 per week Lease Expiry: 13 August 2026Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
The size of Waverley is approximately 10.7 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Waverley in 2016 was 1501 people. By 2021 the population was 1583 showing a population growth of 5.5% in the area during that time. The predominant age group in Waverley is 30-39 years. Households in Waverley are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Waverley work in a labourer occupation.In 2021, 58.30% of the homes in Waverley were owner-occupied compared with 59.00% in 2016.
Waverley has 737 properties. Over the last 5 years, Houses in Waverley have seen a 73.54% increase in median value, while Units have seen a 60.20% increase. As at 30 November 2025:
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