Back 14 Peel Street
Off Market

14 Peel Street

South Launceston TAS 7249

3
2
2
743 m²
House
Duncan MorrisonDuncan Morrison, last sold this property on 12 October 2025 after 313 days on market.

Overview

Returning 6% for Investors

If you are in search of a dual living investment property or a home for you with separation for an extra person, or even potentially income generating short stay accommodation then this opportunity in South Launceston will be worth considering. It is ideally located within walking distance to the Launceston CBD and the General Hospital so it will also be perfect for professionials who work in the heart of Launceston. The property has been freshly renovated and updated so it really is a case of move straight in or rent out on day one. The main dwelling consists of two bedrooms which both have ample built in storage, The bathroom has modern floor to ceiling tiles which create a soft feel. There is ample storage in the kitchen which also features brand new appliances, a dishwasher and receives great natural light throughout the day. The large open plan living takes advantage of the wonderful view over the city and down the river. There are also polished floorboards throughout the home and a functionable laundry. Under the same roofline is the studio apartment that also has been painted throughout, has had a new kitchen installed and has a low maintenance combined bathroom and laundry so it will be suitable if you are looking to offset your expenses by renting out the studio or if you have guests visiting. There is also a reverse cycle air conditioner in both dwellings, double glazed windows and doors installed and blockout roller blinds throughout the home. With a combined rental return of $700 per week, this is sure to make a great investment or home for the right buyer. For further information, please call Duncan Morrison at Ray White Launceston. *Ray White Launceston has no reason to doubt the accuracy of this information which has been obtained from sources considered to be reliable; however, we cannot guarantee it. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.

Features

3 bedrooms
2 bathrooms
2 carspaces
1 open car space
1 garage space
743 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 14 Peel 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 14 Peel Street

2025
Sold
Undisclosed
12 Oct 2025 by Duncan Morrison, of Ray White Launceston
2025
Rented
Undisclosed
Leased on 22 May 2025 by Ray White Launceston
2015
Sold
Undisclosed
07 Oct 2015 by Gary Thomas, of Living Here Launceston

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 25 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 14 Peel Street, have been sold.

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

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