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169 WELLINGTON STREET, Launceston TAS 7250

169 WELLINGTON STREET, Launceston TAS 7250

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For sale

Offers Over $495,000

169 WELLINGTON STREET, Launceston, TAS 7250

2

2

152m²

169m²

flat

Property Description

Listed on 6 Nov 2025

An exceptional and rare opportunity on the city fringe with two flats held on a single title, split over two levels within a charming building originally constructed in 1884. One flat (169B) is currently tenanted until February 2027, providing secure ongoing rental income. The second flat (169A) is vacant and ready for immediate renovation or modernisation to enhance value and future yield. Both residences offer one bedroom and one bathroom, with solid foundations and plenty of scope to refresh and elevate their appeal. There is a single allocated parking bay for the property. Positioned in an excellent location, close to transport, key city amenities and opposite a Coles supermarket, this property offers strong rental demand and outstanding long-term growth prospects. This is a potentially lucrative investment opportunity for those looking to secure a character property with dual income potential, renovation upside, or a flexible living and leasing arrangement. Flat 169B is currently managed by Property Wise Launceston at a weekly rent of $280.00 increasing to $300.00 on 29 Jan 2026. A Pre-Sale Building Inspection has already been completed for buyer convenience so contact Rae today to find out more. Launceston City Council Rates $3,328.93 Taswater Rates $1,686.12 + usage Strata Tas Levies $2,826.00 Flanagan Residential provides this information from third parties as a convenience to you and recommends prospective purchasers carry out their own enquiries and seek legal advice with respect to the property information provided. Property Code: 609

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Median unit price trends

Comparing the price trend of units in Launceston against the state of Tasmania over the last 4 years. Source: CoreLogic

Comparable properties

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Market activity

A snapshot of how quickly properties are selling in the area and how many are currently available.

65 Days

House median days on market

37 Days

Unit median days on market

75 Properties

Sold in last 12 months

34 Properties

Available in the last month

Launceston residents

Key characteristics of the residents in the area, view the full breakdown of the suburb here.

60+

Is the most common age range

Renters

Most common occupant type

Other

Most common household profile

Professionals

Most common occupation

Detached Houses

Most common property type

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Nearby education

Schooling and educational options in the area, for all ages.

Launceston College

Yr 7 - Yr 12

Government

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Launceston

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Launceston

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Tasmania

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Median House: $860,268

Median Unit: $495,469

Median House: $707,941

Median Unit: $440,789

Median House: $516,114

Median Unit: $432,912

Median House: $645,608

Median Unit: $444,715

Contact the agent

Rae Smith

Flanagan Residential

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