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34 Margaret Street, Launceston$685,000
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34 Margaret Street

Launceston, TAS 7250, Australia
$685,000
3 bed 1 bath 2 car264 m²

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About this property

Perfectly positioned just minutes walk from many of Launceston's attractions this historic cottage (c1886) offers a city fringe lifestyle home or ideal business location. The property's Mixed Urban Use zoning allows a variety of uses including residential or commercial (STCA) granting its next custodian a very versatile premise. Undoubtedly one of Launceston's prettiest homes! Behind the quintessential white picket fence is a late Victorian cottage with a front verandah graced by decorative cast iron lacework corners, ornate pattern feature tiles and flanked by perennial flower garden beds. The solid front door with original brass hardware welcomes you into the home where you'll be delighted by the ornate ceiling roses, impressive 3 metre high ceilings and sizeable double hung sash windows facing north and ensuring plentiful natural light throughout the seasons. Consisting of 3 bedrooms of a generous size- 2 with built in robes, a functional and updated family sized bathroom with separate shower, bath and long vanity. A combined kitchen and dining space has a large pantry, plentiful cupboards and a back garden aspect and the central lounge room retains the original brick chimney with timber mantle, vintage wallpaper and split system air conditioner. The walled back garden with high privacy hedge is a versatile size with options for everyone. For the gardener there's flowers, shrubs, garden shed and room for veggie beds, for family's there's a grassed area for children and pets to safely play, and for the entertainer there's some great spots to put a fire pit. Alongside the backyard is an undercover area that spans the width of the house- this is a dual purpose space for entertaining as well as a 2 car tandem carport with remote roller door accessed from Middle Street. The location is impressive- minutes walk to a variety of parks (The Brickfields, Royal Park, Cataract Gorge Reserve), walking trails (Zig Zag Track, West Tamar Walking Trail, Seaport Boardwalk) and many of Launceston's best restaurants, pubs and eateries along with a great cafe on each corner. Sacred Heart Primary School and Launceston College are a just a short stroll and supermarkets and the Brisbane Street Mall are also so close you can leave the car at home. This is a charming character property- well preserved and cared for- with considered updates through time. It has appeal and versatility for all- residential buyers looking for a home with heart or commercial investors after a distinctive freestanding building in a prime location with free parking. The property has also been approved for short term visitor accommodation use by the City of Launceston. *The property is not listed on the Tasmanian Heritage Register.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
2
Land Area
264 m²
Listed
1 month ago

Repayment calculator

$3,321/month
$1,660 /fortnight
Loan $548,000 at 6.10% over 30 years

Upfront costs

Deposit$137,000
Stamp duty$26,110
Conveyancing (est.)$2,000
Total upfront$165,110
Verify with TAS revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Launceston

This 3-bedroom house in Launceston, TAS 7250 sits within reach of public transport, local shops and nearby schools. It is listed 9% below the $749,000 median of 58 comparable houseswithin 5 km.

Schools near Launceston

  • John Calvin Schoolcombined · Prep-10 · CoEd
  • Sacred Heart Catholic Schoolprimary · Prep-6 · CoEd
  • Scotch Oakburn College - Elphin Campusprimary
  • Tamar Valley Steiner Schoolprimary · Prep-6 · CoEd
  • The Launceston Preparatory Schoolprimary · Prep-6 · CoEd
  • Indie School - Devonport (Launceston Campus)secondary

What's nearby

  • Cataract Cruises (ferry)741 m away
  • Petrarch's Bookshop767 m away
  • Kings Park274 m away
  • Brickfields Reserve368 m away
  • Unnamed414 m away

Launceston at a glance

Full suburb profile
Population
3,110
Median age
41
Household income
$1,439/wk
Median rent
$310/wk
Median mortgage
$1,530/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Launceston price trend

Median sold · House 3 bed

Compound growth -2.8% / yr over 4 yrs

$750kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

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