Back 29 Peel Street
Off Market

29 Peel Street

South Launceston TAS 7249

3
1
3
125 m²
653 m²
House
Last sold for $428,000
Karen MagnottaKaren Magnotta, last sold this property on 28 May 2025 after 103 days on market.

Overview

Transform a Beloved 1959 Classic with Breathtaking City & River Views!

Introducing a rare opportunity in South Launceston, a much-loved, one owner family home with character, views, and undeniable potential. Built in 1959, this brick veneer classic enjoys sweeping city and Tamar River vistas, offering an enviable position for investors, first-home buyers, and builders looking for their next project. While the home has been cherished for decades, it now requires structural work, an opportunity reflected in the price. Original features remain intact, providing a solid foundation for those ready to undertake renovations and restore its former charm. With the right vision, this property could be transformed into a stunning blend of classic character and modern style. The rewards are clear for those willing to roll up their sleeves: a sought-after location, incredible views, and the chance to create something truly special. Whether you're an investor seeking a strategic opportunity, a first-home buyer ready for a challenge, or a builder looking for your next project, this home is brimming with potential. Don't miss your chance to breathe new life into this classic home. Contact us today to inspect and explore the possibilities.

Features

3 bedrooms
1 bathroom
3 carspaces
2 open car spaces
1 garage space
125 m² floor area
653 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 29 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 29 Peel Street

2025
Sold
$428,000
28 May 2025 by Karen Magnotta, of The Agency Northern Tasmania

Happy sellers in South Launceston

93%
93% 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 27 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 29 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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