42 Parua Road, Newnham, TAS 7248 | House for sale | OnTheHouse
 
FOR SALE
Smartre Sale $590,000

42 Parua Road
Newnham TAS 7248

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 103m2
Land area: 734m2
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Investment Opportunity – Leased Until February 2027

This solid three-bedroom brick home offers an opportunity for investors to increase their portfolio, with a lease in place until 13 February 2027 and a current rental income of $460 per week.
Conveniently located close to the University of Tasmania (Newnham Campus), the Australian Maritime College, local shopping, food and public transport, this property is well positioned in an established residential area.
The home offers three bedrooms, including a master with a built-in robe, an open-plan living area with new carpet and a brand-new heat pump for year-round comfort. The bathroom features a separate shower and bath, while the property also includes a single lock-up garage with additional off-street parking.
Property Features
• Three bedrooms
• Master bedroom with built-in robe
• Open-plan living
• New carpet in the lounge
• Brand-new heat pump
• Bathroom with separate shower and bath
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Property Details for 42 Parua Rd, Newnham

42 Parua Rd, Newnham is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 734m2 and floor size of 103m2. The place is currently for sale with Peter Lees Real Estate.

Building Type
House
Floor Size
103m2
Land Size
734m2
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About Newnham 7248

The size of Newnham is approximately 6.1 square kilometres. There are 8 parks, covering nearly 2.7% of the total area. The population of Newnham in 2016 was 6453 people. By 2021 the population was 7073 showing a population growth of 9.6% in the area during that time. The predominant age group in Newnham is 20-29 years. Households in Newnham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newnham work in a labourer occupation.In 2021, 60.70% of the homes in Newnham were owner-occupied compared with 60.40% in 2016.

Newnham has 2,992 properties. Over the last 5 years, Houses in Newnham have seen a 64.21% increase in median value, while Units have seen a 47.08% increase. As at 31 July 2026:

  • The median value for Houses in Newnham is $610,440 while the median value for Units is $447,851.
  • Houses have a median rent of $550 while Units have a median rent of $445.
There are currently 16 properties listed for sale, and 8 properties listed for rent in Newnham on OnTheHouse. According to Cotality's data, 162 properties were sold in the past 12 months in Newnham.

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Beck Routley
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Peter Lees Real Estate
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