THIS SPACE PRESENTS: 55 Elphin Road, Launceston TAS 7250
Offering three distinct accommodation spaces within one impressive Victorian residence, 55 Elphin Road presents a rare opportunity to secure a versatile property with multiple income streams and exceptional lifestyle flexibility. Whether you're looking to maximise rental returns, explore short stay accommodation, combine business and residential use, or accommodate extended family, this substantial circa 1880 property provides an exciting range of possibilities in one of Launceston's most desirable locations.
Thoughtfully configured across multiple levels and wings, the property offers three separate living and accommodation zones, each with its own unique appeal. The upper level, previously utilised as professional medical rooms, features generous spaces complete with kitchen and bathroom facilities, providing potential for commercial leasing or conversion to additional residential accommodation. The lower level offers a spacious, character filled residence with renovated bathrooms, generous bedrooms and a north east facing open plan kitchen, living and dining area connecting to the landscaped gardens. Completing the offering is a self contained studio within the eastern wing, featuring its own bedroom, living area, kitchen, bathroom and private external access, ideal for independent accommodation or an additional income stream.
Beyond its investment appeal, this grand Victorian residence retains the timeless architectural features that make properties of this era so desirable. A commanding period façade introduces soaring ceilings, decorative cornicing, ornate fireplaces and generous proportions throughout. Set on a substantial 701m² allotment with approximately 321m² of floor area, the property combines historic character with remarkable adaptability, allowing future owners to tailor the space to their individual requirements.
The property's established short-stay accommodation history further highlights its income generating potential, while its proximity to Launceston's CBD, City Park, schools, cafés and essential services ensures broad appeal to both residential and commercial occupants. For investors seeking flexibility, professionals wanting to work from home, or buyers looking for a substantial character property with the opportunity to generate additional income, 55 Elphin Road is an offering that deserves serious consideration.
THIS SPACE: the location.
Positioned along one of Launceston's most recognised and sought-after streets, 55 Elphin Road offers an exceptional combination of convenience, character and accessibility. Within easy walking distance of the Launceston CBD, City Park, cafés, restaurants and boutique shopping, the property is ideally situated to attract both residential occupants and short-stay visitors. Nearby schools, medical facilities and professional services further enhance its appeal, while the established streetscape and surrounding character homes contribute to the area's enduring desirability.
THIS SPACE: the details.
Rental estimate: $
House size: 321m2
Land size: 701m2
Built: Circa 1880
Zoning: General Residential
DISCLAIMER: This Space Real Estate provides this information for general guidance only. While every effort is made to ensure accuracy, we make no representations or warranties regarding the completeness or reliability of any information provided. All prospective purchasers should conduct their own investigations. This Space Real Estate accepts no liability for errors, omissions, or misstatements.
PROPERTY ACCESS DISCLAIMER:
Entry to the property requires prior approval from employees of This Space Real Estate. Persons entering or inspecting the property do so entirely at their own risk. This Space Real Estate, the vendor and their representatives accept no liability for any injury, loss or damage sustained while accessing or inspecting the property, including but not limited to slips, trips, falls, snake bites, uneven terrain or natural hazards. All persons should exercise caution and ensure appropriate footwear and care is taken whilst on the property.
VIRTUAL STAGING DISCLAIMER:
Some images in this advertisement may have been digitally staged for illustrative purposes only. Virtual staging is used to demonstrate the potential of a space and does not represent the actual furnishings, finishes, or condition of the property. Prospective purchasers should rely on their own inspection and not on virtually staged images when making any decisions. This Space Real Estate accepts no liability for any discrepancy between virtually staged images and the actual property.
Property Code: 488
