55 apartments for sale in Underwood, Launceston

You simply couldn't get much closer to St Patrick's College - it's literally across the road. And that exceptional position opens up all sorts of possibilities. First home? Investment? Or perhaps accommodation for senior students or carers wanting the ultimate convenience of being just steps from the College? Whatever your plans, this is an opportunity well worth considering. The kitchen has already been beautifully renovated, giving the home a fresh and functional heart, while there's still plenty of scope to add your own personality and value over time. A splash of paint, updated soft furnishings and a few clever touches could make an immediate difference, with perhaps a bathroom update further down the track. Outside, the block is flat, sunny and easy to enjoy, with plenty of off-street parking and a private rear courtyard just waiting for a little imagination. Think raised veggie beds, some greenery and a lovely sitting area for a morning coffee or quiet afternoon in the sun. With

Set in a convenient South Launceston location, this well presented three bedroom brick home offers a practical layout, plenty of natural light and an easy care lifestyle across two levels. The ground floor is centred around a spacious open plan living, kitchen and dining area, creating a welcoming space for everyday living and entertaining. A separate laundry with the added convenience of a second toilet, along with internal access to the lock up garage, adds to the practicality of the home. Upstairs, you will find three comfortable bedrooms, two with built in wardrobes, along with a generously sized central bathroom. The private balcony is an added bonus, providing a lovely spot to enjoy your morning coffee or unwind at the end of the day. Outside, the level and fully secured yard is easy to maintain, while the deck provides a great space for entertaining friends and family or simply enjoying some time outdoors. With local shops, schools, the Launceston CBD and a range of everyday ame

Positioned in a lovely, private location, high up from the street this rear townhouse of only two on the block has sweeping views of the city, mountains and the Granville Street Reserve. With a north-easterly aspect, the living area and undercover deck are at the front of the deck to capture the sun and views. There is a gorgeous, spacious kitchen with engineered stone benchtops and a butlers pantry, and glass sliding doors directly to the alfresco area. Generously proportioned, the lounge is spacious and has the addition of a small study within the space. Stylish décor choices have been made with the exterior of the home, and the internal finishes. The carpeting is plush, and the light fittings considered, and overall, the home has a modern, apartment style feel whilst offering all the benefits of a standalone home. There are three double bedrooms (all with built in storage), the primary bedroom has a stylishly fitted out walk in robe and ensuite, and there is a full-sized family bath

An exceptional opportunity awaits with the offering of Units 3 and 4 at 187 Hobart Road, Kings Meadows. Whether you're looking to expand your investment portfolio, secure your first property or downsize into a low-maintenance home, these well-positioned units present outstanding value in one of Launceston's most convenient suburbs. Each unit has been thoughtfully designed to maximise space and natural light, featuring a functional open-plan living and dining area that creates a welcoming atmosphere from the moment you step inside. The practical kitchen offers ample storage and bench space, while the generously sized bedroom includes built-in wardrobes for everyday convenience. A well-appointed bathroom, reverse cycle heating and cooling and a dedicated undercover car space complete the package, providing comfortable living all year round. Constructed in solid brick veneer and positioned within an established complex, these homes offer an easy-care lifestyle with minimal maintenance, ma

Offering an enviable lifestyle with outstanding long-term growth potential, this superbly positioned property places you right in the heart of one of Launceston's most convenient and connected precincts. Enjoy the ease of being just a short stroll from the vibrant CBD, University of Tasmania, popular cafes and dining options, picturesque parklands, and both Calvary St Vincent's Hospital and Launceston General Hospital, making this an exceptional choice for owner-occupiers and investors alike. With strong and consistent rental demand driven by the prime location, the property presents an exciting opportunity to secure a quality city-fringe asset in a tightly held pocket. Inside, the light-filled open-plan living and dining area creates a welcoming space to relax and unwind, flowing seamlessly through to the balcony where sweeping views across the Launceston skyline provide the perfect backdrop for your morning coffee or evening drink. The two generously proportioned bedrooms offer comfo

Offering space, quality, and low-maintenance living, this beautifully presented unit is surprisingly generous inside and out. Stepping inside, the interiors feel warm and inviting, with timber tones and considered finishes creating a relaxed, contemporary feel. At the centre of the unit is the spacious open-plan living, dining and kitchen, a comfortable everyday space with plenty of natural light and an easy connection to the outdoors. The kitchen has been beautifully finished, with an oversized island bench providing plenty of preparation and casual dining space. Timber-look cabinetry, excellent storage, quality appliances and brushed gold fixtures add warmth and character, while keeping the overall finish clean and timeless. Accommodation includes three generous bedrooms. The main bedroom is privately positioned and includes a walk-in robe and ensuite, while the remaining two bedrooms feature built-in robes and are serviced by a stylish central bathroom. Both bathrooms continue the q

Positioned in a convenient and established pocket of Prospect, this low-maintenance unit presents an excellent opportunity for first home buyers, downsizers, or investors looking for easy living in a well-connected location. Offering a practical and comfortable floorplan, the home provides a sense of space often not found in unit living. The open plan living and dining area creates a welcoming central hub, with a reverse cycle air conditioning unit ensuring year-round comfort. Large windows in the living space allow the outdoors to become part of the home, creating a pleasant connection to the surrounding gardens. The kitchen features a modern touch and connects seamlessly with the dining area, creating a functional space for everyday living. Accommodation includes two well-sized bedrooms, with the main bedroom offering a built-in wardrobe, while the bathroom provides excellent functionality with a well-designed layout and shower facilities. Outside, the property is designed for easy c

Situated in a popular location, 10/86 Cherry Road offers something rarely found in the unit market, a completely standalone home positioned on a generous parcel of land, delivering the space and privacy of a house with the simplicity of low maintenance living. From the moment you arrive, there is a genuine sense of separation and independence. Unlike a traditional unit, there are no adjoining walls, while the generous approximately 600sqm allotment provides plenty of outdoor space to enjoy. Whether it is a morning coffee in the garden, entertaining family and friends, pottering around outside or simply appreciating having a backyard of your own, there is far more space here than you might expect. Inside, the home is comfortable, inviting and easy to live in. The practical single level floorplan features two well proportioned bedrooms alongside a central bathroom, with natural light filling the main living spaces throughout the day. At the heart of the home, the kitchen connects natural

Perfectly positioned directly opposite the shimmering Tamar River, this exceptional mixed use property offers an enviable elevated river outlook along one of Tasmania's most celebrated food and wine trails. The sale includes the fully established restaurant, a self contained one bedroom unit, and a three bedroom unit-providing a complete and highly versatile package for both commercial and residential pursuits. At its heart is a well established freehold restaurant seating approximately 60 patrons, long recognised as part of the local fabric. Guests are drawn not only by its reputation, but also by the scenic river backdrop, prominent frontage, and relaxed Tamar Valley atmosphere. With strong exposure to both local and tourist traffic, this is a true destination venue-ideal for winery visitors, food lovers, and weekend travellers. The existing operation provides a strong foundation with further scope to refine branding, enhance the dining experience, and strengthen partnerships along t

Presenting a fully renovated unit offering an appealing combination of contemporary living, excellent location and immediate investment appeal. Ideally positioned within walking distance of an array of shops, parks and everyday amenities, this property is also just a short distance from Launceston's CBD, placing everything needed for convenient living within easy reach. The unit has been impeccably renovated with contemporary living in mind, creating bright, stylish and highly functional interiors. The generous proportions and low-maintenance nature make it particularly appealing to singles, couples or first-home buyers, while the configuration presents an attractive proposition for an investor, with the unit currently rented for $375pw until February 2027, providing an established rental arrangement from the outset. The unit features a beautifully updated kitchen, complete with durable solid countertops, stylish subway-tiled splashbacks, excellent storage, quality high-end appliances,

Positioned in the very heart of Launceston, this exceptional residence offers a unique opportunity to enjoy an enviable city lifestyle without compromising on space, privacy or comfort. Encompassing an impressive 241m² of living, this sophisticated apartment delivers the scale of a townhouse with the ease and convenience of low-maintenance living. Designed for those seeking quality and flexibility, the home features four generous bedrooms, one of which could be configured to be a second living space or home office, two well-appointed bathrooms and expansive living spaces that flow seamlessly to a private balcony capturing elevated city views. Whether entertaining friends, accommodating family or creating the perfect work-from-home environment, the versatile floorplan caters effortlessly to a range of lifestyles. Security and accessibility are paramount, with private lift access directly to the residence, security cameras, secure gated entry after hours and an oversized double garage pr

If you're looking for a straightforward investment with very little to think about, these compact one-bedroom units are well worth your attention. Currently tenanted with a solid history of long-term occupancy, they offer the kind of reliability investors value. Low-maintenance by nature, the properties provide a simple set-and-forget opportunity. With strong rental returns, they are an ideal option for those wanting a property that works quietly in the background while delivering consistent income. For investors seeking simplicity and stability, opportunities like this are becoming increasingly difficult to find. There's no need for major upgrades or improvements - just neat, well-kept units that continue to perform. Key Features: Compact one-bedroom units Proven history of long-term occupancy Strong rental returns Low-maintenance investment Ideal set and forget addition to a portfolio DISCLAIMER: The information above is provided by The Agency as general guidance only. Although we ta

Positioned within a block of just four, this spacious unit offers far more than you might expect. With plenty of off-street parking, a single garage with internal access and a generous backyard, there is an abundance of space and privacy. Side access is an added bonus, making it ideal for those with a trailer, caravan or additional vehicles. Inside, the home offers a practical and spacious layout, with a separate lounge room providing a comfortable space to relax or entertain, while the semi-separate kitchen and dining area creates a functional everyday living space. Unlike many units, space is certainly not compromised here. The bathroom includes a shower and is complemented by a separate toilet and good-sized laundry. Set in a sunny position on a flat block in West Launceston, the property is conveniently located just minutes from walking tracks and bus routes, with the Launceston CBD and surrounding suburbs only a five-minute drive away. Offering generous living and outdoor space, e

Positioned in one of the city's most central and connected locations, this unique 1958 townhouse blends timeless character with modern industrial-inspired style to create a home full of warmth, personality, and practicality. Offering three bedrooms, one bathroom, secure garaging, and multiple indoor and outdoor living spaces, this low-maintenance property is perfectly suited to professional couples, small families, or long-term tenants seeking inner-city convenience without compromising on charm or privacy. Rich in original features, the home showcases exposed brickwork, polished original floorboards, ornate fireplaces, and quirky architectural details throughout. A welcoming verandah captures elevated city views and sets the tone for the character-filled interiors within. The lower level offers a practical and inviting layout, beginning with a comfortable family living area before leading into the true heart of the home, a spacious kitchen, dining, and secondary living zone designed f

Part of an exciting new development, this beautifully finished unit delivers the comfort of a modern home with the ease of low-maintenance living. Fresh, stylish and thoughtfully designed, it presents an ideal opportunity for first-home buyers, downsizers or investors looking for something ready to enjoy. The spacious open-plan living and dining area forms the heart of the home, enhanced by timber-look flooring, a soft neutral colour palette and an abundance of natural light. The adjoining modern kitchen features warm cabinetry, generous storage and a practical layout designed for everyday living and entertaining. Each bedroom offers a calm and comfortable retreat, while the impressive bathroom adds a touch of luxury with floor-to-ceiling tiling, a timber vanity and freestanding bath. Outside, the expansive concrete area allows for effortless upkeep and convenient vehicle access, complemented by a secure garage and additional storage. Combining contemporary style, quality finishes and

Set within a secure, gated community, this residence offers a quality Newstead lifestyle in a location that continues to perform. The position is a standout, private and peaceful, yet conveniently close to well-regarded local schools, neighbourhood shopping and everyday amenities. The kitchen sits at the heart of the home and is designed for practical, easy living, flowing seamlessly into the open-plan living and dining area. This space feels well-balanced and functional, ideal for both everyday use and entertaining. On this level, there is also a secure garage with internal access, along with a thoughtfully placed powder room. Upstairs, the accommodation is generous and well laid out. The main bedroom is spacious and well-appointed, complete with its own ensuite featuring a double vanity and a private balcony. The second bedroom is also well-sized and includes built-in robes, while the main bathroom is finished in neutral tones and includes a separate toilet. A separate study provides

2/6 Victoria Street, Youngtown presents an excellent opportunity for first home buyers, downsizers or investors looking for a turn-key investment. The current owners have taken care of the hard work, with a number of important updates completed throughout the property. The kitchen and bathroom have been updated to a high standard, the bathroom has been wet-sealed, plumbing has been completed and a new switchboard has been installed. A heat pump, approximately two years old, provides year-round comfort. Outside, the property has been further enhanced with new decking and fencing, creating a great space to enjoy with minimal ongoing maintenance and plenty of sun-shine. Offering one bedroom, one bathroom and a carport, this is an ideal lock and leave property for those seeking an easy-care lifestyle or a straightforward investment. Its convenient Youngtown location provides easy access to local amenities and Launceston, making it an appealing choice for a wide range of buyers. With all th

If you're looking for a straightforward investment with excellent tenants already in place, this neat and tidy unit deserves your attention. Built in 1977 and positioned on an upper level within a well established unit complex, this property offers a simple and practical floorplan with an allocated single carport. Located in the ever popular suburb of Riverside, the apartment is exceptionally easy to maintain, making it an appealing option for investors seeking a property that doesn't demand a long list of immediate improvements. A Pre-Sale Building Inspection Report has already been completed for buyer convenience with no structural issues noted. Currently leased until 16 October 2027 at $330 per week, the property provides the significant benefit of a secure tenancy and reliable rental income already in place. Whether you're looking to add a low maintenance property to your existing portfolio or are taking your first step into property investment, this is an opportunity worth conside

Here is a rare and exciting opportunity to secure a solid investment property with unlimited potential in the thriving village of Lilydale, gateway to the world-renowned Blue Derby Mountain Bike Trails. Dusk2Dawn offers quiet and secure motel-style budget accommodation, ideal for short term holiday stays and emergency accommodation. This versatile property offers investors genuine flexibility - operate as a hands-off investment or live on-site and self-manage for an enviable lifestyle with excellent income. With current rental potential as short-term accommodation of $2,450 per week, or standard 12 month lease estimates of $1,600 per week, the numbers speak for themselves. The property is perfectly positioned to capitalise on the booming tourism market driven by Blue Derby's international reputation, while also serving the local community's emergency and short-term accommodation needs. Each unit is practical and well-maintained, designed for easy management and high occupancy rates. Co

Seize the opportunity to own one-or both-of these stylish 1-bedroom units within the highly sought-after Best Western Hotel, a 4.5-star building located in the heart of Launceston CBD. These units offer a unique investment model: - You own the individual unit. - The unit is managed and let exclusively through the hotel. - The hotel manages the nightly bookings and guest stays. - Owners receive a share of the overall hotel income, distributed between the participating unit owners. - Monthly income statistics are available upon request. - Owners are entitled to 4 complimentary nights' accommodation at the hotel each year. UNIT FEATURES: - 1 bedroom - 1 bathroom - Spacious bedroom with large windows and city views - Air-conditioning - Compact study nook with table and chair - Convenient lift access - Communal washing facilities - Ample street parking nearby Located within walking distance of everything Launceston CBD has to offer, these units provide an appealing opportunity to own an inv

Built in 2017, this modern two-bedroom villa offers an excellent opportunity for first home buyers, downsizers or investors looking for a low-maintenance property in a convenient Newnham location. Positioned quietly at the end of the complex and set within a no-through street, the home offers a practical layout with comfortable living spaces and plenty of natural light. The open-plan living, kitchen and dining area features reverse-cycle air conditioning for year-round comfort, while sliding glass doors open to a private outdoor entertaining courtyard with a desirable northerly aspect. Both bedrooms are well sized and include built-in robes, while the modern kitchen is equipped with a dishwasher and provides a functional space for everyday living. The bathroom features a large walk-in shower, with the added convenience of a separate toilet. Outside, the property is easy to maintain, with a garden shed providing additional storage and a single garage offering secure parking with conveni

Comfortable, spacious and easy to care for, 2/57 Harley Parade offers a lovely opportunity to enjoy low maintenance living in a convenient Prospect Vale location. The generous living and dining area is filled with natural light, with large windows and an exposed brick feature wall adding warmth and personality. A reverse cycle heat pump provides year-round comfort, while sliding doors open onto the front verandaa lovely spot for your morning cuppa. The adjoining kitchen features Blackwood cabinetry, ample storage and bench space, a wall oven and a breakfast bar, keeping everything within easy reach. Two well-sized bedrooms include built-in robes, while an additional room offers flexibility as a home office or spare bedroom. The bathroom includes a separate bath and shower, complemented by a separate toilet, a practical laundry and a single garage with internal access. Outside, the enclosed rear yard offers a decked courtyard and a manageable garden area, giving you space to relax outdo

This neat and well-presented three-bedroom unit offers comfortable, low-maintenance living within a convenient Legana location, ideally suited to those seeking a relaxed lifestyle in an over-55s community. The home features three bedrooms and one bathroom, with the main bedroom offering a walk-in robe. The spacious open-plan living, dining and kitchen area provides a practical central hub, with the kitchen equipped with modern appliances. Built in 1996 and constructed of sandstone brick, the home offers a range of features designed for year-round comfort, including two Daikin reverse-cycle air conditioners, underfloor heating throughout and solar hot water. Outside, the property continues to impress with a beautifully established garden featuring an excellent selection of fruit trees and productive plants, including lemon, apple, pear and apricot trees, grape vines and rhubarb. The rear outdoor patio provides an inviting space to enjoy the garden and outdoor surroundings, with the opti

Modern, Convenient & Move-In Ready Welcome to Unit 7/60 Ernest Street, Kings Meadows - a fantastic opportunity for first-home buyers, downsizers, or savvy investors seeking a low-maintenance property in one of Launceston's most convenient suburbs. Positioned within a well-maintained complex, this two-bedroom unit offers comfortable living with an open and practical floorplan designed for everyday ease. Both bedrooms are well-proportioned, while the light-filled living area provides a welcoming space to relax and unwind. The property features a functional kitchen, neat bathroom, dedicated car accommodation, and a private outdoor area perfect for enjoying your morning coffee or creating a low-maintenance garden retreat. Built-in storage and easy-care finishes further enhance the home's appeal. Located just minutes from Kings Meadows Shopping Centre, schools, medical facilities, public transport, and only a short drive to the Launceston CBD, this property delivers exceptional convenience

Welcome to beautiful Newstead, and not one, but the choice of two luxurious apartments that are exceptionally located within a one-minute stroll to Scotch Oakburn College, easy walking distance to the heart of Newstead's shopping precinct, local cafes and Launceston City Centre mere minutes away. Both apartments are located on the ground floor and have secure tenants in place. Apartment 1 has a combined floor size of 158m2 and Apartment 2 at 145m2 (both approx.). They are meticulous in design and fit out and offer luxurious, high-quality 2 bedrooms and 2 bathrooms in each. Each enjoy their own private deck for entertaining or simple contemplation over a beverage with friends. Both dwellings benefit from a single lock-up garage combined with an easy care garden and sit regally on 1075m2 (approx.) of land with established fruit trees. With no expense spared on the renovations/conversion, this is your time to secure a part of ever-loved Newstead! Don't delay! Call Craig and Deb, the Spous