Although we were here only briefly our little family all thought "yeah, we could live here". Walking distance to Cataract Gorge Reserve (a must with kids) and easy access to town for food (with a car). We drove up to Low Head for the Fairy Penguins which was great. The place itself had a really great view of the city (making Launceston seem like a much bigger city than it really is) and everything in the place was higher-end than many Airbnbs. It was a completely separate building. We can't think of a single negative and would absolutely stay again. We definitely want to return to Tasmania some day.
We loved our stay Arendon Cottage. Karen made us feel very welcome and the cottage was lovely and cosy. It was also very close to Launceston airport. I would happily recommend Arendon Cottage to other travellers.