Back 99 Balfour Street
Off Market

99 Balfour Street

Launceston TAS 7250

2
1
2
58 m²
317 m²
House
Last sold for $790,000
Mick AcquarolaMick Acquarola, last sold this property on 04 May 2026 after 91 days on market.

Overview

Ideal for Investors – Inner-City Dual Income Potential

This well-positioned two-bedroom cottage presents a rare and versatile investment opportunity on the fringe Launceston's CBD. Ideal for investors seeking flexibility and strong returns, the property offers the unique advantage of two potential income streams on a single title. The cottage has durable polished floorboards with carpet in the 2 good size bedrooms. The cottage is perfectly suited to residential leasing, or live in it yourself. Appealing to tenants wanting inner-city convenience and walk-everywhere, to the LGH, schools, retail and hospitality. At the rear, a separate workshop provides the opportunity to lease to a small mechanical, repair or trade-based business, adding a valuable commercial income component. Offering flexibility and strong income potential, the workshop can be leased separately, creating an extra revenue stream while complementing the main residence. Ideal for investors or owner-occupiers with a business mindset, this is a smart chance to maximise returns and unlock the full earning potential of the property. The property is zoned commercial.

Features

2 bedrooms
1 bathroom
2 carspaces
1 carport space
1 open car space
58 m² floor area
317 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Launceston over the last 12 months, the estimated median property value of 99 Balfour Street is $620k.

Median value
$620k
Estimated value range
$390k - $1.13m
Median days on market
65
Estimated value trend
24%
increase over the last 12 months
Average days on market is based on recent, comparable sales in 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 99 Balfour Street

2026
Sold
$790,000
04 May 2026 by Mick Acquarola, of The Agency Northern 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 2 bedroom houses in Launceston

In the last 12 months, 20 two-bedroom houses similar to 99 Balfour Street, have been sold.

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

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