Anglican Diocese of Tasmania selling St Oswald's Anglican Church

And now the Anglican Diocese of Tasmania has put St Oswald's Anglican Church - built in 1894 - up for sale.

The 1010-square-metre property, a 19^th century project of English-born architect Alexander North, is elevated above the Tamar River just west of Launceston.

The idyllic location offers a view that stretches out over Trevallyn, to and beyond the eastern skyline.

The Anglican Diocese has sold 30 of its properties in the state over the past three years, with more expected to be listed.

This mass sell-off comes after the group confirmed last year that it will pay $3.65 million in compensation to 24 survivors of sexual abuse with an estimated total liability of more than $23 million looming.

Dr Richard Condie, Bishop of Tasmania, said the Bain Terrace residence is part of the cull and that 25 per cent of the net sale proceeds will go to the organisation's redress fund.

"We are aware of the sense of loss to the Anglican and wider community when one of our long-used churches is closed," he said.

"In addition to meeting our redress obligations, the funds we raise from the sale will go towards supporting future ministry in the local area."

Knight Frank Northern Tasmania partner Sam Woolcock said the former church could be used for residential, professional or commercial purposes.

"The deck, with its stunning outlooks, is the link to the church hall, where natural light, hardwood floors and a modern kitchen zone complement its captivating sense of further potential," he said.

Mr Woolcock said it is becoming more common for churches to be converted into homes and businesses with one in the Launceston area already having been transformed into a restaurant.

Mr Woolcock said St Oswald's is minutes from Trevallyn's village hub and the Cataract Gorge.

"This is a property with a divine past and a desirable future," he said.