Back 232 Peel Street West
Off Market

232 Peel Street West

Summerhill TAS 7250

5
1
4
175 m²
3118 m²
House
Last sold for $642,000
Thomas BairdThomas Baird, last sold this property on 17 September 2025 after 8 days on market.

Overview

Comfortable Family Living with Development Potential

On a generous 1,012m² allotment in the heart of established Summerhill, this solid 1950s home presents a rare blend of immediate comfort and untapped potential. Extensively renovated in recent years-including a striking new kitchen and thoughtful bedroom alterations-the property is primed for modern family living while still offering scope for future value-adding works. Inside, the home delivers five bedrooms, including a main with walk-in robe. The updated floor plan enhances functionality, with flexible spaces suitable for children, guests, or a dedicated home office. The central living zone is light-filled and flows naturally into the dining and kitchen areas, creating a welcoming heart of the home. The kitchen has been transformed with sleek cabinetry, stone-look benchtops, and quality appliances, bringing a contemporary edge to the interiors. It provides an ideal balance of style and practicality, anchoring the living spaces and catering easily to family meals and entertaining. Comfort has been carefully considered, with reverse-cycle heating and cooling, and natural gas ducted heating, ensuring year-round climate control. The true distinction lies in the scale of the landholding. Spanning more than 1,000m², the allotment offers a wealth of outdoor space-secure for children and pets, yet with obvious scope to create landscaped gardens, outdoor entertaining areas, or to further extend the home. Importantly, the site also presents genuine potential for future development (STCA), making it a compelling opportunity for buyers with an eye on growth. A large 6x9m shed with power, solar panels on the roof, and a double garage provides secure parking and excellent utility, further enhancing the property's versatility. Summerhill has long been one of Launceston's most liveable suburbs, prized for its family-friendly streetscape, proximity to quality schools, and everyday conveniences. The CBD is just a short drive away, ensuring city access while retaining suburban peace. 232 Peel Street West is a property of both substance and possibility: on a substantial parcel of land, with further potential waiting to be unlocked. Whether as a family residence, an investment with development upside, or a project to take to the next level, this address represents a rare chance in a sought-after setting.

Features

5 bedrooms
1 bathroom
4 carspaces
175 m² floor area
3118 m² lot size
House

Estimated Value

We need at least 3 similar 5 bedroom houses sold in Summerhill over the last 12 months.

Property history for 232 Peel Street West

2025
Rented
Undisclosed
Leased on 22 Dec 2025 by Elders Launceston
2025
Sold
$642,000
Private Sale/Treaty on 17 Sep 2025 by Thomas Baird, of Thomas and Associates Tasmania
2022
Sold
Undisclosed
Private Sale/Treaty on 15 Nov 2022 by Michael Dearsley, of Harrison Agents Launceston

Happy sellers in Summerhill

80%
80% of sellers in Summerhill reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 19 reviews in Summerhill over the last 12 months.

Local market activity for 5 bedroom houses in Summerhill

In the last 12 months, 1 five-bedroom house similar to 232 Peel Street West, have been sold.

This represents a 100% decrease in five-bedroom houses sales when compared to the previous 12 months.

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