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159 Wellington Street, Launceston TAS 7250

Offers Over $665,000

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$665k - $698k Transparent Transparent Listing Based on an openly advertised listing price.

Townhouse 2 Beds 2 Baths 1 Car 165 m² 158 m²

Listed: 14 days ago

Overview

This property presents a versatile and income-generating opportunity through its dual dwelling configuration, combining two fully self-contained, furnished apartments on a single title. Such a setup offers immediate rental income, flexibility, and convenience, making it suitable for investors, owner-occupiers, or those seeking adaptable living arrangements.

Each apartment boasts a modern renovated kitchen and bathroom, alongside laundry facilities, ensuring independent functionality and privacy. Apartment 159A features off-street parking, built-in storage, and efficient reverse-cycle heating and cooling systems, catering well to comfort and convenience.

The upstairs apartment, 159B, includes similar amenities with an added loft space offering extra storage or flexible use, enhancing the property's practicality. Both apartments are NBN connected and benefit from their own dedicated parking spaces, which is advantageous in a city setting.

Strategically located opposite a major supermarket and within walking distance to essential services such as the Launceston General Hospital, CBD, and public transport, the property’s location adds to its appeal for tenants and residents alike.

Currently leased with secure tenancy agreements, this dual income property produces a combined weekly rental return with further growth potential, supported by a recent rental appraisal. The modest land size ensures manageable upkeep, while the combined building area provides ample living space across the two apartments.

Overall, 159 Wellington Street is a practical investment or live-in option for those valuing flexibility, urban convenience, and an immediate income stream without compromising on comfort or privacy.

Local Market Insights

In Launceston, Quiet Listings observed 6 new townhouses entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $775,833. The property type mix of listed properties is predominantly Houses at 57%, followed by land (21%), and units (15%). The most active agency for townhouses in the Launceston area is currently Harrison Humphreys Real Estate, representing 33% of new listings, followed by One Agency with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.