1 Bridge Street, New Norfolk, TAS 7140 | House for sale | OnTheHouse
 
FOR SALE
Offers Over $695,000

1 Bridge Street
New Norfolk TAS 7140

Bedrooms: 8
Bathrooms: 3
Car spaces: 6
Floor area: 363m2
Land area: 614m2
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Prime Investment with $1,150 per week return!

Strategically located just a short walk from the New Norfolk town centre and the beautiful River Derwent, 1 Bridge Street offers a standout investment opportunity delivering strong income, stable tenancies and genuine scope for future growth.
This well-configured property comprises three units, each offering its own appeal:
Rental & Layout Summary
Unit 1 – 1 Bedroom: $250/week – leased until August 2026
Unit 2 – 3 Bedrooms: $400/week – leased until August 2026
Unit 3 – 4 Bedrooms (Rear Townhouse): Estimated $500/week once re-let
The two front units are complemented by a shared two-car carport, providing valuable off-street parking and enhancing long-term tenant convenience.
Unit 3, positioned privately at the rear, stands out with its townhouse-style configuration—living areas on the ground floor and bedrooms upstairs capturing elevated river views. This scenic outlook significantly boosts its rental desirability and lifestyle appeal.
The front units, meanwhile, offer practical, low-maintenance living ideal for long-term occupancy. The 1-bedroom flat has been a reliable performer for years, while the 2-bedroom unit continues to attract strong interest thanks to its functional layout and proximity to town amenities.
With a combined gross income potential of $1,150/week, the property already performs well. However, there is clear opportunity to increase value and rental return with cosmetic improvements—fresh paint, new carpet and minor bathroom updates would elevate presentation across all three dwellings.
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Property Details for 1 Bridge St, New Norfolk

1 Bridge St, New Norfolk is a 8 bedroom, 3 bathroom House with 6 parking spaces. The property has a land size of 614m2 and floor size of 363m2. The place is currently for sale with LJ Hooker Pinnacle Property.

Building Type
House
Floor Size
363m2
Land Size
614m2
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About New Norfolk 7140

The size of New Norfolk is approximately 18.5 square kilometres. It has 20 parks covering nearly 9.6% of total area. The population of New Norfolk in 2016 was 5432 people. By 2021 the population was 6037 showing a population growth of 11.1% in the area during that time. The predominant age group in New Norfolk is 30-39 years. Households in New Norfolk are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in New Norfolk work in a trades occupation.In 2021, 66.10% of the homes in New Norfolk were owner-occupied compared with 62.90% in 2016.

New Norfolk has 3,138 properties. Over the last 5 years, Houses in New Norfolk have seen a 43.55% increase in median value, while Units have seen a 48.10% increase. As at 31 October 2025:

  • The median value for Houses in New Norfolk is $476,886 while the median value for Units is $459,359.
  • Houses have a median rent of $450 while Units have a median rent of $408.
There are currently 45 properties listed for sale, and 3 properties listed for rent in New norfolk on OnTheHouse. According to Cotality's data, 158 properties were sold in the past 12 months in New norfolk.

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Simon Parsons
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Nitin Joshi
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LJ Hooker Pinnacle Property
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