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Back 1/291 Wellington Street
Off Market

1/291 Wellington Street

South Launceston TAS 7249

3
1
1
343 m²
House
Todd StreetsTodd Streets, last sold this property on 06 April 2026 after 237 days on market.

Overview

Versatile Residence & Shopfront Opportunity!

This rare property offers the perfect mix of lifestyle and opportunity, ideally located just minutes from the Launceston CBD and within easy reach of essential services. Whether you're looking to invest or run your own business this versatile property ticks all the boxes. Set on a total 343m² parcel of land, the updated three-bedroom, one-bathroom residence delivers both comfort and functionality. It opens the door to a range of possibilities—live in the home while running a business from the street-facing shopfront, lease out both spaces for dual income, or simply enjoy the convenience of city-fringe living. Inside, the home has been refreshed, offering modern finishes and a welcoming feel throughout. The living spaces are bright and practical, making it easy to move in and make the most of the home right away. Whether you’re working from home, looking to open a boutique retail space, or establish a professional office, the layout is flexible and ready to suit your needs. The prominent shop-front on Wellington Street offers excellent exposure for businesses, with a steady flow of local traffic and pedestrians passing by daily. The property is located just moments from the Launceston General Hospital—a huge plus for convenience and accessibility. Commuters and clients will also benefit from the easy access to public transport, with nearby bus stops providing direct routes into the city and surrounding suburbs. Inspections by appointment only. Rental Return Estimates; House $450-$480 P/Week Approx. Shop-Front $450-$550 P/Week Approx. Water rates: $300 per quarter approx. Council rates: $620 per quarter approx. Building size: 238m2 approx Inc House and Shop-Front. Land size: 343m2 approx. Year Built: 1948 Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations

Features

3 bedrooms
1 bathroom
1 carspace
1 open car space
343 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in South Launceston over the last 12 months, the estimated median property value of 1/291 Wellington Street is $610k.

Median value
$610k
Estimated value range
$395k - $790k
Median days on market
22
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Launceston. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/291 Wellington Street

2026
Sold
Undisclosed
06 Apr 2026 by Todd Streets, of Key2 Property

Happy sellers in South Launceston

94%
94% of sellers in South Launceston reported that their sale price either exceeded or met their price expectations.

South Launceston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 26 reviews in South Launceston over the last 12 months.

Local market activity for 3 bedroom houses in South Launceston

In the last 12 months, 61 three-bedroom houses similar to 1/291 Wellington Street, have been sold.

This represents a 68% decrease in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in South Launceston

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Luke French

Sellers who recommend Luke French have praised them for being clear communication, local expert, great negotiation, honest, dedicated, reliable and friendly

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Josh Schaeche

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Jeremy Wilkinson

Sellers who recommend Jeremy Wilkinson have praised them for being clear communication, local expert, responsive, honest, supportive, reliable and friendly

  •   4.9   (885 reviews)
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Michael Dearsley

Sellers who recommend Michael Dearsley have praised them for being clear communication, local expert, responsive, friendly, supportive, reliable and dedicated

  •   5   (306 reviews)
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