51 Upton Street, Launceston, TAS 7250

51 Upton Street, Launceston, TAS 7250 Inner city cottage with dual tenancy potential

Perched atop Launceston with sweeping views of the city, 51 Upton Street presents an excellent opportunity. Whether you seek a multi-generational living arrangement, an investment property with dual tenancy potential and promising capital growth, or a first home in an inner-city location that can also generate income, this property is bound to suit your needs.

With rental estimates for both levels exceeding a combined $880 per week, this property offers excellent returns,not to mention historic strong capital growth. Its proximity to the city and charming features also make it ideal for short-term rental.

With its charming street appeal and covered front porch with decorative fretwork, the upper floor of this home is accessed through a formal entrance hall that immediately showcases both its charm and character. This level offers two spacious bedrooms, each adorned with decorative fireplaces, tall ceilings, ornate cornices, and original Tasmanian oak floors.

The hall continues to the open-plan kitchen and dining area, offering stunning views of Launceston and abundant natural light throughout most of the day. Adjoining the galley kitchen, the outdoor verandah provides a perfect spot to relax and take in the beautiful city lights.

The adjoining bathroom completes the upper floor and it too affords incredible views of the city through french window shutters and offers both a walk-in shower and charming fittings and fixtures.

Access to the lower floor via the left of the facade reveals both an external laundry and covered double carport. Here you will also find access to the under house storage, with abundant storage options that could be utlised by occupants of either floor.

Covered entry into the lower floor leads directly into the kitchen, which offers ample cupboard and bench space. Adjacent to the kitchen is a well proportioned living room, which connects to this levels bedroom and further on into the adjoining bathroom.

Externally, the yard is both low maintenance and private, courtesy of established trees that surround. Located within a short, easy walking distance to Launceston's CBD, numerous cafes, shops, and multiple schools, this property is also just a brief 750m walk to the Launceston General Hospital. Contact Lochie today to register your interest.