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169 Wellington St, Launceston

Offers Over $495,000

2 2 1 152 m2

Two City Fringe Flats on One Title – Live, Invest or Renovate

 

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.

 

 

Features

NBN Connected Outdoor entertainment area Smoke Alarms
2 2 1 152 m2

Details

Address 169 Wellington St, Launceston
Price Offers Over $495,000
Property Type Residential
Property ID 609
Category Flat
Land Area 152 m2
Floor Area 169 m2

Inspections

Saturday 15 November 10:30 AM - 11:30 AM

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What our clients say

  Paul was very professional and his experience and knowledge of the Launceston real estate market was excellent.  He achieved a great result, getting us good offer within a short time, and offering...

Shireen Dunbar & Ian Rosser

  Paul took control of the sale on a very professional level which went above and beyond all expectations from the minute our listing discussion was finished.  Calling on his many years of local...

Garth Ferry

  Rae is an agent who goes above and beyond. Showcasing extreme hard work, dedication and knowledge. She has given us and all those who viewed our home the best experience possible; including providing...

Kelcy Tudor & Luke Hardacre

  Rae went above and beyond to assist us with our interstate property purchase.  Always happy to take our calls, she has made our purchase very easy and is always willing to help. She has a wealth...

Tanya Oldridge & Neil McGuinness

In selecting Paul and Flanagan Real Estate to sell our property, we knew he was no-nonsense and practical which is what we were after.  As well as this, Paul is extremely patient and courteous, which...

Jeremy Smith

  Paul sold my home in Trevallyn.  It was an older period home in Trevallyn, and it needed quite a bit of work. Paul was exceptional in that rather than "Open for Inspections", he opted for more...

Christopher Ellison