87 Peel Street WWest Launceston TAS 7250
Property Details for 87 Peel St W, West Launceston
Last Listing description (May 2026)
Set high in the ever-popular suburb of West Launceston, 87 Peel Street West presents a rare and exciting opportunity for developers, investors, or those dreaming of building their own private sanctuary. With a generous land size of 2,458m2, parcels of this scale and with such potential are increasingly hard to come by in this tightly held area.Perched in a tranquil, elevated position, this supersized block enjoys breathtaking views across Launceston and toward the distant mountains, creating a stunning backdrop for any future development or dream home.Whether you're considering a multi-dwelling development (STCA), a family estate, or simply securing a large landholding in one of Launceston's most desirable suburbs, this property offers endless possibilities.West Launceston offers superb convenience just minutes from the Launceston CBD, and close to leading local schools, shopping precincts, public transport, the iconic Cataract Gorge, walking trails, cafés, and essential services.Contact us today
Property History for 87 Peel St W, West Launceston, TAS 7250
- 23 Dec 2025Sold for $350,000
- 15 Sep 2025Listed for Sale Best Offer Over $330,000
- 11 Jul 2019Sold for $440,000
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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 2,150 properties. Over the last 5 years, Houses in West Launceston have seen a 46.33% increase in median value, while Units have seen a 57.39% increase. As at 30 April 2026:
- The median value for Houses in West Launceston is $728,368 while the median value for Units is $505,086.
- Houses have a median rent of $550 while Units have a median rent of $440.
Suburb Insights for West Launceston 7250
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