Set on a convenient Mowbray address, this versatile property presents an excellent opportunity for first home buyers, renovators and investors alike. The property includes a classic 1956 two-bedroom home along with a separate self-contained studio at the rear, creating flexible living options and dual income potential. Currently returning $561 per week with leases secured until July 2026, it offers immediate income while leaving scope to enhance and add further value over time. With shops, supermarkets, eateries and key education facilities nearby, the location makes everyday living simple and convenient.
Key Features:
• A 1956 two-bedroom home plus separate studio unit
• Potential to value add for first home buyers renovators and investors
• Dual income currently returning $561 per week with leases until July 2026
• Main house offers two bedrooms sunny lounge timber kitchen with double sink and combined laundry/bathroom
• Self-contained studio at the rear with kitchenette and full size bathroom/laundry
• Both dwellings feature their own deck for outdoor enjoyment
• Reverse cycle air conditioning in the two-bedroom home
• Easy walking distance to shops supermarkets eateries and services in Mowbray
• Close to University of Tas Aust Maritime College TAFE College and schools
• Only 7 minutes' drive to Launceston's CBD
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Rental return:
$351 pw (two-bedroom) leased until 17/7/2026
$210 pw (studio) leased until 17/7/2026
** Inspections will require at least 48 hours' notice**
House size: 95 sqm
Studio size: 26 sqm
Land size: 758 sqm
Built: 1956
Council: Launceston
Council rates: $1,812 pa
Council Zoning: Inner Residential
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
Added 05 March, 2026
Property ID: #L15784026
