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.
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.
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:
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