1/119 Peel Street W, West Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

1/119 Peel Street W
West Launceston TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 53m2
Land area: 299m2
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Property Details for 1/119 Peel St W, West Launceston

1/119 Peel St W, West Launceston is a 1 bedroom, 1 bathroom Unit and was built in 1999. The property has a land size of 299m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in November 2018.

Building Type
Unit
Year Built
1999
Floor Size
53m2
Land Size
299m2
Local Government
Launceston
Lot/Plan
1/165822

Last Listing description (July 2026)

Positioned in one of West Launceston's most sought-after pockets, 1/119 Peel Street presents an outstanding opportunity for homeowners, investors, or those looking to enter the thriving short-stay accommodation market (STCA).Tastefully updated throughout, this charming residence blends comfort, functionality, and future potential in a location that continues to attract strong demand. Inside, the home offers inviting living spaces with modern touches, creating a warm and welcoming atmosphere ready to enjoy from day one.A standout feature of the property is the expansive undercover outdoor area - a versatile space with incredible potential to be transformed into a stunning sunroom, additional entertaining zone, or peaceful retreat to enjoy year-round.Outside, the property continues to impress with ample off-street parking, providing convenience for multiple vehicles, guests, or short-stay visitors. The secure yard is beautifully framed by established gardens, offering privacy, greenery, and a relaxed setting for children, pets, or entertaining.For buyers seeking a turnkey option, there is also the opportunity to purchase the furnishings separately, making this an even more attractive proposition for those considering a furnished rental or holiday accommodation setup.Located just moments from the Launceston CBD, hospitals, schools, parks, and popular cafes, this prime West Launceston address delivers both lifestyle and convenience.Whether you're searching for a beautiful place to call home, a smart investment addition to your portfolio, or a potential short-stay opportunity, this property offers flexibility and exceptional value in a highly desirable location.Opportunities like this in West Launceston don't last long - enquire today.

Property History for 1/119 Peel St W, West Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$210,000
07 Nov 2018
  • 18 May 2026
    Listed for Sale Offers Over $495,000
  • 07 Nov 2018
    Sold for $210,000
  • 06 Feb 2017
    Sold for $170,000
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About West Launceston 7250

The size of West Launceston is approximately 3.9 square kilometres. There are 11 parks, covering nearly 26.0% of the total area. The population of West Launceston in 2016 was 4212 people. By 2021 the population was 4316 showing a population growth of 2.5% in the area during that time. The predominant age group in West Launceston is 50-59 years. Households in West Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Launceston work in a professional occupation.In 2021, 68.10% of the homes in West Launceston were owner-occupied compared with 68.40% in 2016.

West Launceston has 2,149 properties. Over the last 5 years, Houses in West Launceston have seen a 41.30% increase in median value, while Units have seen a 45.68% increase. As at 30 June 2026:

  • The median value for Houses in West Launceston is $742,056 while the median value for Units is $507,613.
  • Houses have a median rent of $560 while Units have a median rent of $450.
There are currently 14 properties listed for sale, and 4 properties listed for rent in West launceston on OnTheHouse. According to Cotality's data, 90 properties were sold in the past 12 months in West launceston.

Suburb Insights for West 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.