Positioned high above the Tamar with captivating river and cityscape views, this unique Art Deco inspired property presents an exciting opportunity for renovators, builders, first home buyers or savvy investors looking to unlock serious value. Configured over two levels with separate access, the home offers the potential for dual income streams or flexible living arrangements - live upstairs while completing the lower level and enjoy rental income from one or both spaces. The upper level is comfortable and rentable as is, while the lower level renovation has already been started with a new kitchen installed, plumbing in place and the framework ready for completion into a fully self-contained one-bedroom unit. With striking architecture, panoramic outlooks and endless scope to improve both internally and externally, this is a rare chance to create something truly special in a tightly held city fringe location.
Key Features:
• Unique Art Deco inspired property with incredible Tamar River and city views
• Exciting opportunity for renovators, builders, investors or first home buyers
• Potential for dual occupancy style living with two separate levels
• Live in one level and rent the other for additional income potential
• Upper level ready to rent or occupy immediately with further value-add potential
• Lower level renovation already underway with excellent scope to finish and capitalise
• New kitchen installed downstairs including a new oven
• Plumbing already positioned for bathroom completion downstairs
• Lower level designed to become a fully self-contained one-bedroom unit
• Character filled curved living room with panoramic windows and outstanding outlooks
• Flexible floorplan with multiple living areas and accommodation options
• Two kitchens already in place across the two levels
• Two bathrooms including downstairs ensuite space requiring completion
• Balcony and outdoor areas positioned to capture the views
• External grounds and decking areas offer further improvement potential
• Strong appeal for Airbnb, long-term rental or multigenerational living (STCA)
• Walk to Royal Park, yacht club precinct and riverfront areas
• Only minutes from Launceston CBD, hospital, cafés and city conveniences
A Rare opportunity to secure an iconic and highly visible property in a tightly held location - contact Jeremy Wilkinson.
Rental return: Upstairs - Up to $380 pw
Downstairs - Up to $400 pw (once renovation is completed)
House size: 179 sqm
Land size: 483 sqm
Built: 1957
Council rates: $2,453.00 pa
Zoning: General Residential
Council: Launceston
**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 07 May, 2026
Property ID: #L39768870
