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504/16 Paterson Street, Launceston, TAS 7250, 2 Bedrooms, 2 Bathrooms, House

$470,000

504/16 Paterson Street, Launceston, TAS 7250

2
2
104m2
104m2
HouseListed on Fri May 31

Launceston 2 Bedroom City Living with Dual Income Potential

Located in the heart of Launceston's CBD, this unique dual-apartment offers exceptional flexibility for both homebuyers and investors. Situated in a landmark building on Paterson Street, the property provides stunning views across the city's rooftops and features two distinct tenancies under a single title-ideal for flexible letting or inner-city living.

The primary apartment offers separate living, sleeping, and bathroom areas, along with a full kitchen and laundry, making it perfect for the short-stay market or as an urban residence. The second tenancy is a studio apartment with hotel-style amenities, complete with its own kitchenette and bathroom.

With a history of strong rental returns, this property presents an excellent opportunity for those seeking both income and growth.

Ideal for investors or anyone looking for a city residence with the added benefit of dual rental income. Contact Rebekah today!

Location

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Estimate

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
East Launceston Primary School
1.31 km
Primary
K-6
Government
icsea: 1044

Property history

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Launceston surrounding data

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
105/16 Paterson Street, Launceston
0.01 km
1
1
-m2
Year 2025 Month 01 Day 27
$305,000
Council approved
100a Cameron Street, Launceston
0.31 km
2
2
-m2
Year 2025 Month 01 Day 19
$690,000
Council approved
2 Yorktown Square, Launceston
0.10 km
1
1
-m2
Year 2024 Month 12 Day 23
$480,000
Council approved
8 Seaport Boulevard, Launceston
0.55 km
3
2
-m2
Year 2024 Month 12 Day 20
$1,185,000
Council approved
2/2-4 Frederick Street, Launceston
0.56 km
2
1
-m2
Year 2024 Month 10 Day 28
$450,000
Council approved

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Ref:L27946059Last update:2025-02-05 04:01:43