121 Peel Street WWest Launceston TAS 7250
Property Details for 121 Peel St W, West Launceston
121 Peel St W, West Launceston is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1972. The property has a land size of 1295m2 and floor size of 161m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (October 2023)
Welcome to 121 Peel Street, West Launceston is a large-scale home that also brings with it promises of untapped development potential.
With two living areas branching off the central kitchen and dining zone, this property offers plenty of space for relaxation, creating an environment designed around family gatherings or hosting friends.
Four dedicated bedrooms provide comfortable accommodation for the whole family or the flexibility to utilise one as a home office.
As you approach the property, you'll immediately notice that garaging was at the forefront of the original construction.
Accommodating three or more cars, there is both an attached and detached option, perfect for those with multiple vehicles or looking for unlimited storage or workspace.
The true potential of this property lies in the scale of the land it occupies. Positioned on a generous 1300 square meters of flat, yet elevated land, the possibilities are endless.
Imagine the opportunity to construct a series of units in this desired part of town.
With careful planning, development and the requisite approvals, this property has the potential to become an investment with remarkable returns.
So, whether you are an investor looking for a promising opportunity, or a homeowner with a vision, this property offers the perfect canvas to make something truly special.
Contact us today to schedule your inspection.
Property History for 121 Peel St W, West Launceston, TAS 7250
- 26 Jul 2023Sold for $610,000
- 18 Jul 2023Listed for Sale Offers over $599,000
- 27 Aug 2012Sold for $260,000
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0About 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 42.11% increase in median value, while Units have seen a 48.76% increase. As at 31 May 2026:
- The median value for Houses in West Launceston is $736,808 while the median value for Units is $510,309.
- Houses have a median rent of $550 while Units have a median rent of $445.
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