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159 Wellington Street, Launceston, Tas 7250 For Sale
159 Wellington Street, Launceston, Tas 7250 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Image 159 Wellington Street, Launceston, Tas 7250-Floorplan

159 Wellington Street, Launceston, Tas 7250

Offers Over $665,000

Townhouse
Type
2
Bedrooms
2
Bathrooms
1
Parkings
165 m²
Area

Published on Wednesday, October 07, 2026 ( See property details for 159 Wellington Street, Launceston, Tas 7250)

Offers Over $665,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual-apartment property in a prime Launceston location offering excellent income potential and flexible living arrangements.

🏡 Property Highlights

  • Two fully self-contained, fully furnished apartments on one title
  • Excellent location opposite Coles with easy access to Launceston CBD and hospital
  • Immediate income stream with current leases and potential for rental growth
  • Flexible living options including live-in, rent out, or extended family use
  • Modern kitchens and renovated bathrooms in both apartments
  • Separate rear parking spaces for each apartment

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • NBN / High-Speed Ready
  • Outdoor Area
  • Secure Parking
  • Waterfront / Views
  • Ensuite
  • Air Conditioning
  • Garage
  • Floorboards

Launceston is a vibrant city renowned for its historic charm, excellent amenities, and strong community spirit. Key highlights include its proximity to the CBD, Launceston General Hospital, and public transport, making it ideal for professionals and investors alike. The area offers a mix of heritage architecture and modern conveniences, with a walkable lifestyle and access to parks, shopping, and dining. Its strategic location ensures strong rental demand and future growth potential.

What are the current lease terms and rental income for the property?
Both apartments are currently leased at $350 and $330 per week respectively, with a combined weekly income of $680. The leases run until March and November 2027, with a market rental appraisal of up to $800 per week.
Can the property be used for extended family or as a dual-living setup?
Yes, the property’s configuration allows for flexible use, including living in one apartment and renting the other, or accommodating extended family members.
What are the potential future rental income prospects?
A rental appraisal suggests potential income of up to $800 per week, indicating scope for future income growth.
Are there any restrictions or strata fees associated with the property?
The property is on one title with strata fees of $695.90 per quarter, including building insurance.
What are the key features and updates in the apartments?
Both apartments feature modern kitchens, renovated bathrooms, reverse-cycle heating and cooling, and built-in storage, with 159B offering additional loft space.
Are there any upcoming planned developments or zoning changes in the area that could affect the property? Are there any known issues with the building or property structure, such as pests, dampness, or repairs needed? What are the total ongoing costs, including strata, council rates, and maintenance? Is the property compliant with all local building codes and regulations? Are there any easements, covenants, or restrictions on the property that could impact future use or development? What is the history of the property regarding any previous damage or repairs? Are there any planned infrastructure projects nearby that could cause noise or disruption? Is the property located in a flood or bushfire-prone area? Are there any strata or community management issues or special levies? What are the terms and conditions of the current leases, and are there any options for early termination or rent increases?

159 Wellington Street, Launceston, Tas 7250 - More Details

Offers Over $665,000

Offering a rare combination of flexibility, location and income potential, 159 Wellington Street comprises two fully self-contained, fully furnished apartments on one title. Each apartment has its own kitchen, bathroom and laundry facilities, making this an ideal opportunity for investors, owner-occupiers or those looking for a property that can adapt to changing needs.

Both apartments have been thoughtfully updated and are currently leased fully furnished, providing an immediate income stream. The configuration also offers genuine flexibility - live in one and rent the other, lease both separately, or use the property for extended family, guests or a combination of living and investment.

159A is a neat one-bedroom apartment with built-in storage, a modern kitchen and renovated bathroom with combined laundry facilities. It also benefits from its own off-street parking space at the rear, reverse-cycle heating and cooling, NBN connectivity and plenty of storage.

Upstairs, 159B offers a similar one-bedroom layout with a modern kitchen and renovated bathroom, along with a European-style laundry within the kitchen. An additional loft space provides valuable extra storage or flexible use, while reverse-cycle heating and cooling, NBN and its own rear parking space add to the practicality.

Positioned directly opposite Coles, the location is exceptionally convenient, with the Launceston General Hospital, CBD, public transport and everyday amenities all within easy walking distance. Whether you're looking for a straightforward investment, a city base with an income-producing second residence, or simply a property with options, this is an opportunity worth considering.

Currently returning a combined $680 per week, with 159B leased at $330 per week until 19 March 2027 and 159A leased at $350 per week until 27 November 2026. A rental appraisal of up to $800 per week provides further potential for future income growth.

Two apartments. One title. Multiple ways to make it work.

159A Lease Details - $350 per week until 27/11/2026
159B Lease Details - $330 per week until 19/03/2027

Proposed Current Market Rental Appraisal:
159A Wellington Street - $400 per week
159B Wellington Street - $400 per week

Outgoings:
Council Rates: $3,649.86 per annum
Strata Fees: $695.90 per quarter, including building insurance

Building Size - 159A Wellington Street - 68m2
Building Size - 159B Wellington Street - 90m2
Land Size: 165m2
Year Built: 1900
Council: City of Launceston
Type
Townhouse
Bedrooms
2
Bathrooms
2
Parkings
1
Area
165 m²
House Size
158 m²

Map & nearby places — 159 Wellington Street, Launceston, Tas 7250

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