5 Penny LaneWest Launceston TAS 7250
Property Details for 5 Penny Lane, West Launceston
5 Penny Lane, West Launceston is a 3 bedroom, 3 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 1496m2 and floor size of 194m2. While the property is not currently for sale or for rent, it was last sold in December 2024.
Last Listing description (January 2025)
Tucked away just off Granville Street in West Launceston, you will find Penny Lane, and it is totally understandable if you have never heard of this little laneway. With no through access, if you find yourself here you are either a lucky home owner, or you are visiting a lucky home owner.
Number 5 is positioned on a large 1496m2 near level block with privacy from established hedging and a handy dual entrance. Couple this with the flexible footprint of the home, and you have got somewhere truly customisable to the way you want to live.
The bright and spacious interior provides 3 generous bedrooms, the primary with its own walk-in wardrobe and ensuite, a family bathroom featuring a large corner jetted bath, a separate toilet, open plan kitchen to dining to living and another more formal living space.
Downstairs the wins keep coming with a large rumpus room, kitchenette, built in storage and a third bathroom.
The large yard is fully fenced, and is a neatly landscaped mix of hedging, lawn and easy-care shrubs with more than enough space to kick or bat a ball, grow a vegie garden or just enjoy the fact that you have lots of open space around you.
This property stands out as being perfect for those wanting a generously proportioned private home on a low maintenance block in a popular suburb of Launceston whilst being within a short drive to Launceston CBD, Prospect shopping hub, public & private schools and medical facilities.
3 large bedrooms, primary with walk in robe + ensuite.
Family bathroom with corner spa, shower & separate toilet.
Kitchen features lovely garden view, granite benchtops + plenty of storage.
Open living & dining + separate more formal lounge adjoining main bed.
Study.
Rumpus room with kitchenette.
3rd full bathroom downstairs.
Double garage with extra high remote door.
Impressive amount of under house storage.
Fully fenced perfect for children & pets.
Dual access to the block.
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which re considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
Property History for 5 Penny Lane, West Launceston, TAS 7250
- 14 Dec 2024Sold for $920,000
- 12 Dec 2024Listed for Sale Best Offer Over $895,000
- 29 Apr 2003Sold for $45,500
Recent sales nearby
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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 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.
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