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Back 506/16 Paterson Street
Off Market

506/16 Paterson Street

Launceston TAS 7250

1
1
Apartment
Last sold for $350,000
Terri ReynoldsTerri Reynolds, last sold this property on 24 April 2026 after 12 days on market.

Overview

TOP FLOOR LIVING IN THE HEART OF LAUNCESTON

Perched on the topmost floor of the sought-after complex at 506/16 Paterson Street, this exceptional apartment presents a rare and elevated opportunity in the heart of Launceston. Offering a boutique feel with added privacy and outlook, this is a standout residence ideal for both astute investors and those seeking a stylish inner-city lifestyle. Thoughtfully designed, the apartment features a spacious open-plan layout that seamlessly connects the kitchen, dining, and living areas-creating a light-filled and inviting space to relax or entertain. The generous bedroom includes built-in wardrobes, while the well-appointed bathroom offers a separate shower, bathtub, and integrated laundry for everyday convenience. Positioned on the top floor, this residence enjoys a heightened sense of exclusivity and appeal, making it a particularly special offering within the building. Impeccably maintained, both the apartment and the complex reflect quality and care throughout. Step outside and immerse yourself in Launceston's vibrant lifestyle, with cafes, restaurants, boutique shopping, gyms, and the picturesque Seaport all within easy walking distance. Whether you're looking for a low-maintenance "lock-and-leave" city base or a high-performing investment, this property delivers on all fronts. This apartment represents a compelling investment opportunity in a tightly held location. Property Information: Year Built: 2006 House Size: 59m² Rental approx $2000 monthly Water rates approximately $250 a quarter Municipality: Launceston City Council School Catchments: East Launceston Primary & Queechy High School For further information or to arrange an inspection, please contact Terri Reynolds

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

We need at least 3 similar 1 bedroom apartments sold in Launceston over the last 12 months.

Property history for 506/16 Paterson Street

2026
Sold
$350,000
Private Sale/Treaty on 24 Apr 2026 by Terri Reynolds, of Thomas and Associates Tasmania

Happy sellers in Launceston

88%
88% of sellers in Launceston reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 20 reviews in Launceston over the last 12 months.

Local market activity for 1 bedroom apartments in Launceston

In the last 12 months, 1 one-bedroom apartment similar to 506/16 Paterson Street, have been sold.

This represents a 75% increase in one-bedroom apartments 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 Launceston

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Jeremy Wilkinson

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George Bushby

George Bushby is an award winning recommended agent for Launceston.  They have 16 local sales and collected 4 local reviews across the last 12 months.

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David Hernyk

Sellers who recommend David Hernyk have praised them for being clear communication, local expert, responsive, friendly, honest, easy to work with and supportive

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Jessica Hogarth

Jessica Hogarth is a recommended agent for Launceston.  They have 3 local sales and collected 2 local reviews across the last 12 months.

  •   5   (138 reviews)
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